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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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Answer:

CAT

Explanation:

Computed tomography scan (also called a CT or CAT scan) is one of the  diagnostic tests for Neurological Disorders.

5 0
3 years ago
How do the responsibilities of a manager in an investment center compare to the responsibilities of managers in a cost or profit
bixtya [17]

the responsibilities of a manager in an investment center compare to the responsibilities of managers in a cost or profit center-----Investment center managers have more authority and responsibility than managers of a cost or profit center

What is the difference between a profit center and an investment center?

Profit center is a division or a branch of a company that is considered to be a standalone entity that is responsible for making revenue and cost related decisions. Investment center is a profit center that is responsible for making investment decisions in addition to revenue and cost related decisions

What are investment center managers responsible for?

An investment center segment of an organization responsible for costs, revenues, and investments in assets. is an organizational segment that is responsible for costs, revenues, and investments in assets. Investment center managers have control over asset investment decisions.

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4 0
1 year ago
Describe major laws that are responsible for consumer protection, and the entities that have responsibility for oversight.
Sholpan [36]

Answer:

Major consumer-protecting laws are:

Explanation:

1. Major federal Act Section 5- This legislation specifies that all firms are required to treat the customer equally and must not be at any disadvantage because of their exploitative treatment.

2. Fair Credit Report Act- This statute guarantees that it is treated equally and safely by all companies handling customer data. It makes sure that no unethical sharing of such information with any 3rd person takes place.

3. Financial Modernization Act - This legislation mandates all commercial banks in the United states to include it in principle how they safeguard and manage customer data securely.

4 0
3 years ago
The worldwide product division structure: a. is weak in local responsiveness. b. inhibits the realization of location economies.
ANTONII [103]

Answer:

The correct answer is A. is weak in local responsiveness.

Explanation:

The global division by products is an organizational structure that extends worldwide the responsibilities of the domestic product divisions. The growth of international business and the diversity of products make it advisable that each product line is also responsible for its international operations, without having to delegate to an international division.

4 0
3 years ago
If the bidders at a first-price auction have true values of $78, $72, $66, and $65, the item will sell for a. ​$78 b. ​$72 c. ​j
Diano4ka-milaya [45]

Answer:

a. ​$78

Explanation:

In a first-price auction, all bidders simultaneously submit sealed bids, with that approach, no bidder knows the bid of any other participant and then the bidder with the highest bid purchases the item for the specified amount. If the highest value is $78, the item will sell for exactly $78.

7 0
4 years ago
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