Answer:
Debit Credit
Note payable $10,333.33
*(10,000+10,000*10%*120/360)
Cash $10,333.33
Explanation:
The following journal entry shall be recorded in the accounts of the Jones Corporation on the payment of note payable on due date:
Debit Credit
Note payable $10,333.33
*(10,000+10,000*10%*120/360)
Cash $10,333.33
* The interest rate of 10% is for 360 days but since the payment is made after 120 days, therefore it has been accordingly apportioned for 120 days.
Car insurance, Gas, Routine Oil change, breaks and any mechanical issues that may arise.
Answer: For 2014, Korte would report comprehensive income of $341,000.
Explanation:
Korte Company
Comprehensive income statement for 2014 (extract)
Sales revenue $1,500,000
Cost of goods sold (1,050,000)
Gross profit 450,000
Operating expenses (165,000)
<em>Other income:</em>
Unrealised gain on AFS securities 50,000
Dividends received 6,000
Comprehensive income $341,000
<span>Utility gained with each individual unit of a good that you purchase is called </span>a. marginal utility
This is of high importance because marginal utilities are used to determine how many items a consumer is willing to buy.
Answer: false
Explanation:
The statement is false because cost leadership is not really sustainable as it's cost effective due to the maintenance charge required to keep them in a great care despite the low operational cost being runned by the organization
