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nadya68 [22]
3 years ago
10

On January 1, 2017, Teal Furniture Co. borrowed $6,100,000 (face value) from Gary Sinise Co., a major customer, through a zero-i

nterest-bearing note due in 4 years. Because the note was zero-interest-bearing, Teal Furniture agreed to sell furniture to this customer at lower than market price. A 10% rate of interest is normally charged on this type of loan. Prepare the journal entry to record this transaction.
Business
1 answer:
Brilliant_brown [7]3 years ago
7 0

Answer:

Explanation:

Dr Cash $6100000  

Dr Discount on notes Payable $1933620  

     Cr Notes Payable  $6100000

     Cr Unearned Revenue  $1933620

Discount on Notes Payable :

n=4

FV =6100000

I = 10%

PV= $6100000 - ($6100000 * PVIF)

= $6100000 - ($6100000 * 0.68301) = $4166382

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Answer: Public Relations

Explanation: The elements of a promotional marketing mix are the resources an organisation engages in its marketing promotion. They are:

Advertising, public relations, sales promotion, direct marketing and personal selling.

The above listed elements have there unique effect on the sales if an organisation.

Advertising is used to create an awareness of the product to the consumer using all forms of advertising such as radio jingle television advert, billboards etc.

Public relations is used to find out the effect of the products in the market and also to get feedbacks from consumer which will enable mgt to plan on ways to correct any issue observed.

Sales promotions are ways of giving to the consumers fee products as rewards for loyalty

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4 years ago
Which managerial function involves setting goals, establishing a strategy to pursue those goals, and forecasting future threats
loris [4]

Answer:

A. Planning

Explanation:

There are five types of management functions i.e planning, organizing, staffing, directing and planning.

The planning refers to the make out a plan how to accomplish the company goals and objectives with the help of making strategy so it is easy for company to reach it also at the same time it forecast the swot analysis i.e (strength, weakness, opportunities, and threats) that affect the needs and strategies of the company

Hence, the correct option is A

8 0
3 years ago
If ty chooses a smart phone simply because he perceives it to be rated highest on megapixels, which he believes is the most impo
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If ty chooses a smartphone simply because he perceives it to be rated highest on megapixels, which he believes is the most important attribute in a smartphone, he is using a(n) lexicographic heuristic to help make his purchase decision. The study of heuristics analyzes how people make decisions when optimization is out of reach. It focuses on two questions, the first and descriptive, and the second is normative.
7 0
4 years ago
How do u explain evil deeds done by otherwise!
Rom4ik [11]

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MARK “BRAINLIEST.”

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Very often, the reason that players can solve the prisoners' dilemma and reach the most profitable outcome is that A. the player
AysviL [449]

Answer:

B- Self interest results in the Nash Equilibrium which is the best outcome for the players.

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