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mote1985 [20]
4 years ago
15

Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,

800. Music World's journal entry to record the sales transaction is: A. Debit Accounts Receivable $7,800; credit Sales $7,800 B. Debit Accounts Receivable $7,904; credit Sales $7,904 C. Debit Notes Receivable $7,800, credit Sales $7,800 0 D. Debit Notes Receivable $7,904; credit Sales $7,904 0 E. Debit Notes Receivable $7,800, debit Interest Receivable $104; credit Sales $7,904
Business
1 answer:
Alecsey [184]4 years ago
5 0

Answer:

The correct journal entry for the sale of electronic component is option E

Explanation:

Notes Receivable A/c................Dr   $7,800

            Sales A/c..................................Cr   $7,800

On sale of the electronic component, the company received notes receivable so any increase in asset is debited. Therefore, notes receivable is debited with the sale value or amount. And made a sale account so the sale account is credited.

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Whenever Josh goes to his favorite restaurant, he wants to buy tiramisu, his favorite dessert. Despite the fact he would enjoy t
slamgirl [31]

Answer:

C. framing effects

Explanation:

Based on the information provided within the question it can be said that the behavioral economists would say that Josh's decision is affected by framing effects. This term refers to a cognitive bias where people tend to base their choices of different options based on the positive or negative connotations presented. Which is what Josh is doing by basing his decision on who else is having desert.

4 0
4 years ago
the acme corporation believes that the production of its product in its present facilities will assume logistic growth. these fa
oksian1 [2.3K]

Answer:

594 units

Explanation:

We must apply the logistics growth model, since applying linear or exponential growth will result in numbers which are much higher than the total production capacity of this facility. When we use the logistics growth model, the growth rate decreases as the resource limit approaches.

f(x) = c / (1 + ae⁻ᵇˣ)

initial value = c / (1 + a) = 240

600 = 240 + 240a

360 = 240a

a = 1.5

b = growth rate = (360 - 240) / 240 = 0.5

x = 5

e = 2.71828

f(x) = 600 / [1 + [1.5 x (2.71828⁻⁵) = 600 / 1.010106954 = 593.9965 = 594 units

7 0
3 years ago
What is the percent change in price when the price drops from $6 to $5? What is the percent change in price when the price drops
Olegator [25]

Answer:

16.7%

Explanation:

100/6 = 16.666666667% = 1/6

6-5 = 1

1/6 of the price is taken away so 1/6 is the percent it dropped.

8 0
3 years ago
If sellers of scarce resources are not allowed to increase prices to equilibrate supply and demand after a disaster, how do you
labwork [276]

Answer:

Explanation:

During a natural disaster, resources should be allocated to among the population on a basis of necessity and with a specific limit per individual. For example, items such as food and water should be provided to each individual evenly while other items such as bandages and medicine should be allocated on the basis of necessity. This means that if an individual does not need the item to survive and as an emergency then they should not be given the item/resource. This would be the best and most efficient way to distribute resources during a natural disaster.

4 0
3 years ago
Question 1
eimsori [14]

Answer:

Explanation:

I think it's A.

You should always question the source. You might be lucky and discover what they've not said about their product. Or you may discover it is simply not true.

A few years back (many in fact), there was a product on the market call Laetrile. It was produced from peach pits. It has an overwhelming popularity that Sloan Kettering (the Cancer Clinic in New York -- the oldest and largest one in the world), spent some of their needed grant money  to test Laetrile. The results -- nothing. Imagine what happened to those who marketed this product.  Word got around. People with Cancer are pretty desperate. They and their loved ones will try anything.

But the facts on the internet help to dispel this kind of thing.

5 0
3 years ago
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