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denis23 [38]
3 years ago
14

C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the

arrangement, CSM agreed on February 28, 2018, to advance Jeff $55,000 on a one-year, 7 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31. Prepare the journal entry that CSM will make when the note is established.

Business
1 answer:
KIM [24]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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One of the challenges for smaller businesses in using collaborative enterprise 2.0 tools is ________.
aleksandrvk [35]
<span>Challenge 1: Technology in the enterprise comes from consumers. Applications such as email and voicemail traditionally sprung from the enterprise itself, with user adoption neatly controlled by IT. Today a lot of technology is coming from consumers directly. Consumers who have been using Web 2.0 tools such as instant messaging, wikis, and discussion forums in their home and social life for years are now the employees expecting the same types of applications in the workplace. What's more, they expect the same levels of performance and ease of accessibility. Add to this the rapid pace of technology, the varied forms of Web 2.0 communications, the sheer amount of content being moved, the increasing mobility of employees, realities of a global workforce (e.g., accommodating varying time zones), and the impact all of this has on your network . . . well, the challenge becomes even greater. How do enterprises keep up with this demand?</span>
3 0
3 years ago
The only variable input a janitorial service firm uses to clean offices is workers who are paid a​ wage, w, of ​$88 an hour. Eac
slamgirl [31]

Answer:

Answer : Average Marginal Cost, Marginal Cost = $2

The total cost per hour of the janitorial service firm = $32

Explanation:

The janitorial firm only uses labour as an input to clean offices and there are no fixed costs. This implies that the total cost is only the variable cost.

Each worker can clean 4 offices in an hour, therefore the output of each labour is 4units per office cleaned. The price/wages paid to each worker isb $8 per hour.

The total cost per hour of the janitorial service firm is $8x4 = $32 (wxq)

Now to clean one more office, the time required will be 15minuites, because each worker can clean 4 offices in an hour. To clean one more office , each worker will be paid $2($8/4)

The variable cost/total cost, average variable cost and the marginal cost of cleaning one more office will be

Variable cost =w.q = 2q

Average Variable Cost = VC/q = 2q/q = $2

sine the marginal cost also varies directly as the average marginal cost , the Marginal Cost is $2

3 0
3 years ago
Alan wins a $50,000 judgment against Henderson. But Henderson refuses to pay the amount of the judgment to Alan. To counter Hend
galben [10]

Answer:

C) writ of execution

Explanation:

Writ of execution is a judicial order that a judgement be enforced.

3 0
3 years ago
Read 2 more answers
What’s the disadvantage of the stock repurchases relative to the dividend payments? Stock repurchase can help avoiding setting a
Snezhnost [94]

Answer:

Firms may have to bid up stock price to complete repurchase, thus paying too much for its own stock.

Explanation:

Generally, the price of stocks are not fixed, so it might take a long time for a stock repurchase or buyback to be completed. Investors like buybacks since they tend to increase the price of stocks, but it makes them more expensive for the corporation to repurchase them.

Buybacks are seen positive by investors because they will eventually increase the earnings per share (by decreasing the number of shares outstanding) and they are also taxed in a lower rate than normal income. Management will tend to start buybacks when they believe the stock price is undervalued and they have excess cash. This way they will achieve achieve two objectives with one action:

  1. lower equity costs
  2. increase stock price
8 0
3 years ago
A company currently sells 10,000 units at $9/unit and makes $20,000 accounting profit. Variable costs currently stand at $6 per
Dmitriy789 [7]

Answer:

Option (b) $1.00

Explanation:

Data provided in the question:

Selling cost = $9/ unit

Number of units sold = 10,000

Accounting profit = $20,000

Variable costs = $6 per unit.

Now,

let x be the increase in variable cost

Account profit = Revenue - Variable cost

thus,

$20,000 = $9 × 10,000 - ($6 + x) × 10,000

or

$20,000 = ( $9 - $6 - x ) × 10,000

or

$2 = $3 - x

or

x = $1.00

hence,

Option (b) $1.00

4 0
3 years ago
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