Answer:
a. Issuance of note:
Date Account title Debit Credit
XX-XX Accounts Payable $84,000
Notes Payable $84,000
b. The payment of the note at maturity, including interest. Assume a 360-day year.
Interest payment = 84,000 * 5% * 120/360
= $1,400
Date Account title Debit Credit
XX-XX Note Payable $84,000
Interest payable $1,400
Cash $85,400
Answer:
B. First-in, first-out (FIFO)
Explanation:
First-in, first-out (FIFO) is an accounting principle which refers to a process whereby assets that are purchased first are sold first. In this situation, the cost in which the particular inventory was purchased is still the same cost with which it is sold out.
First-in, first-out principle can be used to determine the profitability of a merchandise with its associated cost taken into consideration.
A. correct me if im wrong
Answer:
E) all of the above
Explanation:
THIS ARE THE OPTIONS FOR THE QUESTION BELOW
A) chemistry and physics
B) industrial engineering and management science
C) biology and anatomy
D) information technology
E) all of the above
Operations management can be regarded as administration of business practices which brings about creation
of highest level of efficiency that can be created within an organization. It is responsible for conversion of materials as well as labor to goods/services so that profit can be maximized efficiently
in an organization. It should be noted that The field of operations management is shaped by advances in fields such as ;
✓chemistry and physics
✓management science
✓ biology and anatomy
✓information technology
✓Industrial engineering
Answer:
C. the price paid by buyers increases and the price received by sellers decreases
Explanation:
In the market experiment with taxes, after the excise tax is imposed on the market the price paid by buyers increases and the price received by sellers decreases
