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Mandarinka [93]
3 years ago
10

Giorgio Italian Market bought $4,200 worth of merchandise from Food Suppliers and signed a 90-day, 8% promissory note for the $4

,200. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.)
Business
1 answer:
anyanavicka [17]3 years ago
5 0

Answer:

Dr. Cash      $4,200

Cr. Interest Income  $84

Cr. Note Receivable $4,116

Explanation:

Food Suppliers

Interest on the Note = $4,200 x 8% x 90 / 360 = $84

Amount to be recorded = $4,200 - $84 = $4,116

At the Time of Issuance the Journal Entry was

Dr. Note receivable  $4,116

Cr. Sales                    $4,116

So, the Payment of $4,200 will be made.

The Interest Income will be $84

Now the Note Receivable account will be adjusted by receiving cash and recording interest income.

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What were the main developments in France, Great Britain, the Dutch Republic, the Mediterranean states, and the Scandinavian mon
melomori [17]

Answer:

What were the main developments in France, Great Britain, the Dutch Republic, the Mediterranean states, and the Scandinavian monarchies in the 18th century?

France, Britain, that is a republic on the Mediterranean states, many developments are needed in the Scandinavian dictatorships.

Prince was supporting the coal and textile industries but he struggled with debt.

Britain deterred from absolutism, the King and Parliament distributed power, and the political influence of a stab list.

Grows a rigid social stratification, army and bureaucracy, and freedom of speech, press, and religion.

The Mediterranean State has unified state institutions, has brought the Catholic Church under control, and has funded the B team.

The Scandinavian states have reduced the monarchy, divided the aristocracy, created democracy and enlightened brutality

What do historians mean by the term enlightened absolutism, and to what degree did eighteenth-century Prussia, Austria, and Russia exhibit its characteristics?

Enlightened absolutism is an absolute monarchy where the dictator pursues the principles of enlightenment by implementing social reforms, lining the premium of speech and press, allowing for religious tolerance, extending education, and destroying law enforcement.

Joseph the second, Frederick the second, and the great Catherine made a significant contribution to the enlightened absolutism.

Government needs and the maintenance of the current system overshadowed change but many rulers were still democracy.

Now liberties of equality have been brought to mind thus maintaining the feeling of enlightenment.

6 0
3 years ago
Curly Inc. is considering whether to continue to make a component or to buy it from an outside supplier. The company uses 16,000
Brut [27]

Answer:

the maximum price the company can pay for the component is $24.65

Explanation:

  • direct materials: $8.10 per unit
  • direct labor: $6.40 per unit
  • variable manufacturing overhead: $1.70 per unit
  • fixed manufacturing overhead: $4.40 per unit
  • total variable costs: $20.60 per unit

Current total manufacturing costs for 16,000 units = $20.60 x 16,000 units = $329,600

if the component is bought, 30% of fixed costs can be avoided = $4.40 x 16,000 x 30% = $21,120 or $1.32

or the machine can be used to manufacture another product that has a contribution margin of $8.10 per unit and a total production of 8,000 units = $8.10 x 8,000 = $64,800 or $4.05 per unit

by purchasing the component from a vendor, the company will save either $1.32 or $4.05 per unit

therefore the company should purchase the component if its maximum price is = $20.60 + $4.05 =  $24.65

3 0
3 years ago
What do simple machines accomplish? question 2 options: simple machines keep the total amount of work the same, but make work mo
max2010maxim [7]
Keep the number of work the same but make it easier

8 0
3 years ago
Read 2 more answers
Yield to maturity Radoski Corporation's bonds make an annual coupon interest payment of 7.35%.The bonds have a par value of $1,0
Evgen [1.6K]

Answer:

b. 5.82%

Explanation:

In this case,  you are asked to find the I/Y or the YTM. Using a financial calculator, enter the following inputs;

Maturity of the bond ; N = 12

Face value ; FV = 1,000

Coupon payment ; PMT = 7.35%*1000 = 73.5

Price of the bond; PV = $1,130

Next, compute the YTM;

CPT I/Y = 5.815

Therefore, the YTM is 5.82%

3 0
4 years ago
The main advantage of diversification as an investment policy is that it
Lera25 [3.4K]

Answer:

Minimising risk of loss

Explanation:

One of the most significant values of investment is to guarantee that you have a extended portfolio. The key advantage of constructing a portfolio is that it helps in Limiting danger of misfortune. If one venture performs ineffectively over a specific period, different speculations may perform better over that equivalent period, decreasing the potential misfortunes of your venture portfolio from concentrating all your capital under one kind of speculation.

4 0
3 years ago
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