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
rjkz [21]
3 years ago
5

The journal entry to record a note received from a customer to replace an account is A. debit Notes Receivable credit Accounts R

eceivableB. debit Accounts Receivable credit Notes ReceivableC. debit Cash credit Notes ReceivableD. debit Notes Receivable credit Notes Payable
Business
1 answer:
Elan Coil [88]3 years ago
5 0

Answer:

A. debit Notes Receivable credit Accounts Receivable

Explanation:

The accounts receivable will be credited. This decrease account receivable thus, removing the customer account from there.

It will debit note receivable to represent the new plan of payment with the customer.

This are not payable, as the company is going to receive from the note, not pay.

You might be interested in
Maritime Sail Makers manufactures sails for sailboats. The company has the capacity to produce 37 comma 000 sails per year and i
kirza4 [7]

Answer:

Increase in income= $550,000

Explanation:

Giving the following information:

Variable costs per​ unit:

Manufacturing $60

If a special pricing order is accepted for 5,500 sails at a sales price of $ 160 per​ unit

Because there is no change in the fixed costs and there are no variable selling and administrative costs, the effect on income will be equal to the change in total contribution margin.

Total contribution margin= number of units* (selling price - unitary variable cost

Total contribution margin change= 5,500* (160 - 60)= $550,000

Increase in income= $550,000

8 0
3 years ago
A company makes two products, A and B. A sells for $100 and B sells for $90. The variable production costs are $30 per unit for
Slav-nsk [51]

Answer:

True

Explanation:

Profit function would be maximised.

Profit = Revenue - Cost

Let units of both goods be = A ,B

Revenue per unit good A = 100

Revenue per unit good B = 90

Variable Cost per unit good A  = 30

Variable Cost per unit good B = 25

Profit Function = (100 - 30)A + (90 - 35)B

= 60A + 65B

{The function is right without including 'average fixed cost' part of 'total cost' in the function because : average fixed cost is a constant & constant figure doesn't effect optimisation (via differentiation , ∵ d (c) = 0)

5 0
3 years ago
During a liquidation, capital deficiency means that at least one partner has a (debit/credit) balance in his or her capital acco
photoshop1234 [79]

During a liquidation, capital deficiency means that at least one partner has a (debit/credit) balance in his or her capital account at the point of final cash distribution, which means that debit ( deficiency means partner has debit in capital).

<h3><u>What is liquidation of capital ?</u></h3>
  • In the fields of finance and economics, liquidation refers to the process of closing down a firm and distributing its assets among claimants.
  • It is an occurrence that typically takes place when a business is bankrupt, or unable to make its debt payments on time.
  • As business activities come to an end, the residual assets are distributed to shareholders and creditors according to the order of priority of their claims. General partners might be dissolved.
  • The sale of subpar goods at a price below what it would cost the company to produce them or below what the company would want to charge is referred to as "liquidation."

To view more questions on Liquidation, refer to: brainly.com/question/23987428

#SPJ4

7 0
1 year ago
f prices are inflexible, then a negative demand shock will lead to Group of answer choices a short-run decrease in prices. no ch
Murrr4er [49]

Answer:

A short-run decrease in real GDP.

Explanation:

A short-run decrease in real GDP.

The last option is correct because the prices are inflexible which means an increase or decrease in quantity will have no effect on the prices. So, the negative demand shock( means a sudden decrease in quantity) will not affect the price but it will decrease the real GDP because the demand curve will shift leftwards.

5 0
3 years ago
: Vance Enterprises makes computer components. The company uses direct labor hours as its application base. The predetermined ov
Marizza181 [45]

Answer:

The budgeted direct labor hours is 2,551.83 direct labor hours

Explanation:

The computation of the budgeted number of direct labour hours is shown below:

= Total estimated manufacturing overhead for the year ÷ predetermined overhead rate

= $47,362 ÷ $18.56

= 2,551.83 direct labor hours

Hence, the budgeted direct labor hours is 2,551.83 direct labor hours

Hence, the same is to be considered

4 0
3 years ago
Other questions:
  • Builtrite has two bond issues outstanding(sold two separate groups of bonds over the years). One issue has a 7 year maturity and
    8·1 answer
  • Kellie wants to buy an expensive purse from a local accessory store. As a savvy consumer, Kellie wants to find an exact brand at
    6·2 answers
  • In its 2016 annual report, Caterpillar Inc. reported the following (in millions): 2016 2015 Sales $38,537 $47,011 Cost of goods
    13·1 answer
  • What happens to the total amount of premium paid for an insurance policy when the payment frequency increases?
    9·1 answer
  • 3. Which NIMS Management Characteristic refers to the number of subordinates that directly report to a supervisor?
    12·1 answer
  • In 2009, the federal government created a program called cash for clunkers whereby consumers could trade in a less efficient car
    10·1 answer
  • Please select the industry-standard types of cameras. A)Point and shoot B)Camera Phone C)HDR D)Polaroid E)DSLR
    7·2 answers
  • Fallsview Glatt Kosher Caterers ran a business that provided travel packages, including food, entertainment, and lectures on rel
    7·2 answers
  • Which of the following statements is correct with respect to economic incentives to release financial information?
    12·1 answer
  • A global recession might limit the benefits of diversifying your investments because:________
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!