1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kramer
3 years ago
13

The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing:

Business
1 answer:
aalyn [17]3 years ago
7 0

Answer:

Given below

Explanation:

Interlocking Devices Co.

Journal Entries

Date     Account No      Particulars             Debit           Credit

Dec. 10.      132      Notes Receivable       $ 42000

                  121      Accounts Receivable

                    -Unitarian Clothing & Bags Co.                 $ 42000

Received from Unitarian Clothing & Bags Co., on account, a $42,000, 90-day, 8% note dated December 10.

Dec 31.      131         Interest Receivable      276.16

                 610                  Interest Revenue                   276.16

(42,000 * 8 % * 30/365) = $ 276.16

Recorded an adjusting entry for accrued interest on the note of December 10.

Dec 31        610       Interest Revenue       276.16

                  313        Income Summary                       276.16

Recorded the closing entry for interest revenue. 2018    

                 

Mar 10.        110                 Cash                      $ 42,828.49          

                     132      Notes Receivable                                $ 42000

                       610                  Interest Revenue                    $ 828.49

Received payment of note and interest from Unitarian Clothing & Bags Co.

You might be interested in
________ attempts to leverage the fact that there is always some demand, however small, for a product. long tail marketing profi
Alex73 [517]

Answer:

\boxed{\bold{Long \ Tail \ Marketing}}

Explanation:

  • Long Tail Marketing Attempts To Leverage The Fact That There Is Always Some Demand, However Small, For A Product.

In retail environments, a very small group of "trending" or "popular items" are donated to the store. These items can include video games, electronic devices, books, clothes, etc. The store tries to promote these items and show them off to the public, trying to attract the public. While this is happening, the other items in the store are continuing to sell without special promotions or prices. Even if just one of these small items continues to sell, that helps the store. If no single one of these items makes a big impact, the group as a whole may be neglected.

Some stores however carry such a big and/or interesting inventory that those itms make up the entire store, and that is what attracts customers. Long Tail Marketing focuses on the less popular items of the group. A lots of marketing strategies include promoting a few single popular new items. Long Tail Marketing helps promote the whole inventory by showing off the whole thing. it doesn't focus on new popular items. They strive to show off the whole inventory by having a wide variety. They have a little of everything, and that is what attracts customers.

- Mordancy

7 0
4 years ago
Why must real options have positive​ value? ​(Select all the choices that​ apply.)
yarga [219]

Answer:

A. Real options must have positive value becasue they are only exercised when doing so would increase the value of the investment.

B. If exercisung the real option would reduce value, managers ca allow the option to go unexercised.

D, Having the real option but not the obligation to act is valuabale.

Explanation:

Because real option are options or choices made available to managers of a firm concerning investment their choices are meant to bring about a positive growth and return on the investments.

So if any of the choices presented to these managers are going to reduce the values or have other negative impacts on the investment and its value, then the option which is the real option or ideal option canbe forgone.

Cheers.  

5 0
3 years ago
KST Mart has large amounts of customer data. To understand customer purchase behavior, the company uses a process that automatic
natita [175]

Answer:

B) data mining

Explanation:

Data Mining refers to the process of discovering patterns in large data sets using techniques like machine learning, statistics or database systems. The company uses this process to turn raw data into useful information for marketing , sales or cost management.

7 0
3 years ago
Linda heads the proofreading team of Ink Heart Pvt. Ltd., a publishing firm. She wants to align her followers toward the main ob
zimovet [89]

Answer:

The correct answer is (D)

Explanation:

Managers and heads need to share their vision with the employees so that they better understand each aspect of the company. Being a proofreading team head, Linda must communicate the vision, and develop a shared culture to align them towards the main objective. It will help Linda to keep them satisfied and together to achieve common goal.

7 0
3 years ago
Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured
Juliette [100K]

Answer:

A. Passionate

Explanation:

Hope this helps

8 0
3 years ago
Other questions:
  • The most commonly used form of markup is based on________
    11·1 answer
  • George and Miguel are considering opening up a shoe store but first need to do market research. Which one of these is NOT part o
    10·1 answer
  • Even when economic indicators show that the economy is down, small businesses often thrive. Think of a small business in your co
    9·1 answer
  • You were recently promoted to a management position at a large department store. One of your new responsibilities is recruiting
    6·1 answer
  • For the perfectly competitive broccoli producers in​ California, the market demand curve for broccoli is A. downward sloping. B.
    13·1 answer
  • When people go surfing or swimming along a coast, they often find—after spending time in the water—that they are no longer in th
    8·1 answer
  • Company X had $300 in interest expense in 2018, and paid out $150 in dividends to shareholders that year. It's 2017 balance shee
    13·1 answer
  • The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the q
    9·1 answer
  • The standard cost of product 5252 includes 1.90 hours of direct labor at $17.40 per hour. The predetermined overhead rate is $22
    11·1 answer
  • A firm with a cash conversion cycle of 175 days wants to stretch its average payment period from 30 days to 45 days. this will r
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!