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Troyanec [42]
3 years ago
12

On March 15, 2015, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from R. Roy

to settle his $4,000 past-due account. Prepare the March 15 entry for Viking Office Supply by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
ira [324]3 years ago
5 0

Answer:

The Journal entry with their narrations is shown below:-

Explanation:

The Journal entry is shown below:-

Cash Dr,                                     $1,200  

Notes Receivable Dr,                $2,800  

To Accounts Receivable -R. Roy            $4,000

(Being office supply of Vikram is recorded)

Therefore for recording the office supply we simply debited cash and notes receivable and credited the accounts receivable

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Collaborative and co-operative approach among all the stake holders is important. This is a feature of the _______________ agile
andrezito [222]

Collaborative and co-operative approach among all the stake holders is important. This is a feature of the Dynamic system development method of  agile methodology.

<h3>What is collaborative approach?</h3>

A collaborative  learning approach  can be described as one which involves the operation of the activities or  tasks together within a  group or organization so as to make sure  that everyone participates.

It should be noted that Collaborative and co-operative approach among all the stake holders is important because it help them to work , hand in hand for the progress of the organization.

Find out more on the Dynamic system at brainly.com/question/16797306

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5 0
1 year ago
FOOT CREAM MINI CASE: Athlete's Aid is a foot cream designed to prevent athlete's foot with once- daily application after shower
alex41 [277]

Answer:

The correct answer is:  negative message framing.

Explanation:

Negative message framing refers to the type of advertisement in which it is exposed benefits of a product in a very aggressive manner, showing proof of what the beneficial results of that product are or what the consequences of not having that product could lead to. As part of the marketing strategy, the advertisement is repeatedly prompted during events related to the use of the product.

3 0
3 years ago
Compare a property rights system in which people are allowed to keep one-third of the monetary rewards of their labor with a sys
Veseljchak [2.6K]

Answer:

latter, latter

Explanation:

Property rights system determine how economic resources are used and owned by individuals, associations, collectives, or governments.

It also includes intellectual property such as inventions or ideas.

Such rights reduce destructive competition for control of economic resources. and replace this competition by peaceful means.

In a system where people are allowed to keep one-third of the monetary rewards of their labor with a system in which they keep two-thirds, we should expect more entrepreneurship under the <u>latter</u> system and faster real economic growth under the <u>latter</u> system.

8 0
2 years ago
Which two of the three financial statements would you find Net Income on?
xxTIMURxx [149]

Answer:

C) Income Statement and Cash Flow Statement

Explanation:

The Income Statement shows a clear separate entry for the Net income which is calculated after all the deductions and additions.

Net Income is the first balance shown on the cash flow statement after which the calculations are carried out to find the flow of cash in and out of the company.

Net income is also shown in the Balance Sheet but not separately but together with retained earnings. It is added to the retained earnings and the amount is shown as a whole amount of retained earnings  or shown as a change in equity.

So best answer is C because the question asked is where would you find Net Income on?

Meaning separately. So it is separately present on Income Statement and Cash Flow Statement.

Otherwise it is present  on all three statements ( on balance sheet as part of retained earnings or equity).

6 0
3 years ago
A company purchases a remote building site for computer operations. The building will be suitable for operations after some expe
vaieri [72.5K]

Answer:

True Statements are:

B, C, D

Explanation:

All the capital cost incurred for an asset acquisition is added to the cost of capital asset.

The cost of capital asset here will include the following,

Replacement of wiring will not form part of cost of building, as is associated with fittings and computers, so either it will be clubbed in furniture and fittings or computers,

Replacement of roof is a part of building and shall be added to cost of building.

Painting, plumbing etc: will not form part of cost of building, as will be added to revenue expenditure and not the capital expenditure.

Thus with the above clarification of nature of expense, Statement B, C, and D are true.

3 0
2 years ago
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