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Maru [420]
3 years ago
10

Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4

,000. Food Supplier's journal entry to record the sales transaction is:A. Debit Accounts Receivable $4,000; credit Sales $4,000B. Debit Notes Receivable $4,000; credit Sales $4,000C. Debit Accounts Receivable $4,060; credit Sales $4,060D. Debit Notes Receivable $4,060; credit Sales $4,060E. Debit Notes Receivable $4,000; debit Interest Receivable $60; credit Sales $4
Business
1 answer:
Maurinko [17]3 years ago
4 0

Answer:

B. Debit Notes Receivable $4,000; credit Sales $4,000

Explanation:

Notice we are asked for hthe entry in the supplier's book:

The supplier will take the note thus, it will ahve a note receivable as in the future it expect to receive a cashflow.

The interest will be accrued over time, so are ignored for the moment

The supplier also has to recognize the amount of sales revenue earned with the sale.

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Question 5 of 10
Lisa [10]
Annual percentage rate !
6 0
2 years ago
Vertical integration is: a. A firm's ownership of vertically related activities b. A firm's control over its input sources and t
ANEK [815]

Answer:

A firm's ownership of vertically related activities

Explanation:

As we know that

There are two types of integration i.e horizontal and vertical

The horizontal integration is the integration in which two or more firms amalgamate dealing in the same type of business i.e their products and the level of production is same

While on the other hand the vertical integration is the integration in which the one firm acquired or purchased another firm dealing in different stages but the production level remains the same

Hence, the first option is correct

7 0
3 years ago
At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number
MaRussiya [10]

<em>If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit</em><em>, a shortage of bikes will be created.</em>

<h3>Why are bikes in short supply?</h3>

As a result, additional problems like plant shutdowns and disruptions as well as the unheard-of increase in bike orders during the peak of the coronavirus pandemic have added to the supply chain difficulties. The sector has never before experienced such a massive increase in demand as it has over the past two years.

learn more about<em> </em>shortage of bikes here <u>brainly.com/question/13000057</u>

#SPJ4

4 0
2 years ago
Sue, a secretary goes to the storeroom to get a box of paper for her department. This is a task she's performed without problem
just olya [345]

Answer:

B. Sue is entitled to Workers' Compensation even though her employer was not negligent.

Explanation:

Sue is performing her normal duties that is required by her being a secretary when she was injured. So the employer cannot be said to be negligent in allowing her carry paper for her unit.

She will not be able to sue for employer for her injuries.

However when an employee is injured they are entitled to Worker's compensation and paid time off work.

This is given to employees even when the employer is not negligent.

Sue can get the Worker's compensation for her back treatment.

7 0
3 years ago
"What advice would you give in this ethical dilemma? Brittani is serving as interim editor of the company newsletter. She receiv
scoray [572]
<span>Brittani is in an ethical dilemma because she does not want to disrespect the president written article but she must provide him with accurate feedback for the company. Brittani must approach the situation with respect and facts. The best way for Brittani to do this is to call the president and ask for a face to face meeting and to gently point out not only the flaws in the article but also the strong points.</span>
6 0
3 years ago
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