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mote1985 [20]
3 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]3 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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Jon is considering providing substantial funding to a new startup company called Ampére located in Spain. The company is plannin
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Answer:

c) Sociocultural

Explanation:

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Some of these factors may be: opennes to experience, education level of the population, demographic structure, income distribution, prevailing ideas or ideology in the populace, and so on.

These are the factors that Jon should look closely to in order to determine as objectively as possible the consumer attidue towards autonomous cars, so that he can decide whether or not to start this type of business.

4 0
3 years ago
A Blank______ does not require consumers to do anything other than buy a ticket or fill out a form for a chance to win some type
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Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

<h3>What is Sweepstakes?</h3>

Sweepstakes is a form of gambling in which everyone involved in the contest pay a certain amount of money and the winner is awarded with a price or the money contributed.

Therefore, Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

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6 0
2 years ago
When there is more choice for proceducers and consumers, that is a Command Economy.
yaroslaw [1]
Correct Answer: False
7 0
3 years ago
For each of the following examples, explain whether it is a case of external or internal economies of scale:
777dan777 [17]

Whether it is a case of external or internal economies of scale:

A. A number of firms doing contract research for the drug industry are concentrated

Larger changes within the industry lead to external economies of scale, so as the industry expands, the average cost of doing business decreases.

when external economies of scale exist?

External economies of scale take place when an industry as a whole expands and businesses profit from lower long-term average costs. External economies of scale are also known as advantageous external outcomes of industrial development.

An external economy of scale is shared by competitors, internal economies of scale provide larger competitive advantages.

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8 0
1 year ago
One way that the world bank might experience an adverse selection in its own lending is if __________.
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Adverse selection describes situations when high-risk persons are more likely to receive insurance or when one bargaining side has important knowledge that the other does not. Our goal is to influence decision-makers, both inside and outside of government, to consider the future and adopt long-term plans.

When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection. Thus, those who work in hazardous environments or lead high-risk lives are more likely to buy life or disability insurance, knowing that they will likely be able to use it.

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