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lesya692 [45]
3 years ago
12

Martin Company needs additional time to pay its accounts payable to Boster Company. Martin makes a written promise to pay Boster

the amount on a certain date. Boster records this transaction by debiting
A. Notes receivable and crediting accounts payable
B. Cash and crediting accounts receivable
C. Accounts receivable and crediting notes receivable
D. Notes receivable and crediting cash
Business
1 answer:
Anika [276]3 years ago
3 0
The answer, on the point of view of Boster, is A. Debit notes receivable and credit accounts receivable (not payable i think). This is from the point of view of Boster. So to Boster, he will have an accounts receivable by Martin company. So what Martin did is that he offered a promissory note to Boster. This will increase Boster's notes receivable. At the same time, this will also lessen Boster's accounts receivable since this turned into a notes receivable. 
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A contractor must decide between two jobs. One job is a bathroom renovation in a residential home. The other is the construction
PtichkaEL [24]

Answer:

B: The net profit of installing the garage.

Explanation:

The opportunity cost is the next best thing that you could be doing but chose to give up in order to do something else. For example, if I chose to spend the day studying for a test, I won't have as much time to watch cat videos, hang out with my friends, or work on the website I'm coding. Since I love coding more than anything in the world, the time I could've spent coding is the opportunity cost of choosing to study.

A and C can be safely eliminated because they are describing the business expenses of the contractor, not what they could be missing out on if they choose to renovate the bathroom. In this case, D wouldn't make any sense since they wouldn't be missing out on any profits from the bathroom project at all. Therefore, the correct answer is B. The contractor can't be in two places at once, and by choosing the bathroom, they're passing up the opportunity to work on the garage and any resulting profits.

8 0
2 years ago
Yet a fever, when allowed to run its course, is actually ____________ .
Julli [10]
The answer is beneficial. A small research displays that allowing a fever run its course may decrease the span and relentlessness of such sicknesses like colds and flu. As for the worry among parents that fevers can have damaging effects, these occurrences are very occasional. The brain has an interior controlling mechanism that stops fevers caused by contaminants from receiving higher than 105 or 106 degrees. 
8 0
3 years ago
Sam visits Mexico for a business meeting. At the meeting, Sam addresses the vice president of the firm by his first name rather
Nesterboy [21]

Answer:

A. power distance

Explanation:

In the context of Hofstede's cultural dimensions, this difference in cultures is part of the power distance dimension, which corresponds to the hierarchical position of the members of an organization and the appropriate relationship form for each hierarchy in an organization that occurs in certain cultures, reinforced by an inequality that already occurs in society.

To avoid offensive behavior in multinational businesses, it is necessary to have multicultural skills that include ethics, respect and knowledge of a new culture and its rules.

8 0
3 years ago
Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp pro
bonufazy [111]

Answer:

the equivalent units of production for materials = 352,616 units,

the equivalent units of production for for labor and overhead (conversion) = 339,304 units

Explanation:

First Determine the physical units that were Completed and Transferred out

<em>Units Completed and Transferred = Units in Opening Work In Process  + Units Started During the Year - Units in Closing Work In Process</em>

                                                        = 80,400 + 301,400 - 51,200

                                                        = 330,600

Calculation of Equivalent Units of Production for

1. Materials

Units Completed and Transferred ( 330,600 × 100%)   = 330,600

Units in Closing Work In Process ( 51,200 × 43%)          =   22,016

Total Equivalent Units of Production for Materials         = 352,616

2. Labor and Overhead

Units Completed and Transferred ( 330,600 × 100%)   = 330,600

Units in Closing Work In Process ( 51,200 × 17%)          =      8,704

Total Equivalent Units of Production for Conversion    = 339,304

3 0
3 years ago
In which statement(s) are "demand" and "quantity demanded" used correctly? (I) "An increase in the price of tea will reduce the
ryzh [129]

Answer:

The correct answer is letter "A": in both statements I and II.

Explanation:

(I) According to the demand law, <em>if the price of tea increases the quantity demanded of tea will decrease</em>. If the price of tea decreases, the quantity demanded of tea will increase. Quantity demanded and the price has an inversely proportional relationship in the demand law.

(II) When talking about complementary goods like tea and sugar, <em>if the price of tea increases will result in a negative movement along the demand curve of tea and will cause the demand curve of sugar to move inwards. In such a scenario, the demand for each good will be reduced.</em>

8 0
3 years ago
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