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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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Rita, a follower of a certain religion, posts a podcast on the Sabbath! website in which she insists that Congress base all fede
tatiyna

Option D

Under the First Amendment, Rita is guaranteed the freedoms of religion and speech.

<h3><u>Explanation:</u></h3>

The First Amendment to the US Constitution is the section of the Bill of Rights and defends center American civil rights. The First Amendment defends Americans’ rights to the freedom of speech, press, assembly.  Ere the twentieth century, most free speech concerns associated prior prescription.

The Court has also acknowledged a list of protests to provisions shielding the freedom of speech. Speech associated with national security or state secrets may likewise not be defended. Particular kinds of speech are not shielded, such as vulgarity, fight words, valid threats, child obscenity

8 0
4 years ago
What is the difference between economies of scale, constant returns to scale, and diseconomies of scale
Maksim231197 [3]

Answer:

Economies of scale: occur when total costs for the firm go down as the firm increases output. This is why in some industries, large firms are more profitable that small firms.

Constant returns to scale: the property that occurs when increasings in factors or production (labor, capital) lead to the same increase the amount of goods or services produced.

Diseconomies of scale: this is the opposite to economies of scale. Occurs when firms experience higher costs due to larger production. They mostly occur due to coordination issues that arise when firms become to large to manage well.

4 0
4 years ago
HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of
marissa [1.9K]

Answer:

$38,265

Explanation:

Beg RE = $29,825

Plus Net Income = $6,540

Minus Dividends = ($2550)

Plus New Stock = $4450

Ending RE = $38,265

6 0
2 years ago
If a company employs two office assistants for every nine architects (a staffing ratio of 2:9) and it plans to expand and hire e
Art [367]

Answer:

4

Explanation:

Given:

A company employs two office assistants for every nine architects and

ratio is given = 2:9

Question asked:

How many new office assistants will it need to hire as it plans to hire eighteen new architects = ?

Solution:

Let ratio of new office assistants = x

Ratio of two office assistants for every nine architects = 2:9

By using formula of ratio and proportion:

Ratio of two office assistants for every nine architects : :  ratio of new office assistants for eighteen new architects,

2 : 9 : : x : 18

\frac{2}{9}  = \frac{x}{18} \\

By cross multiplication,

2\times18 = x \times18\\36 = 9 x

Dividing both side by 9,

x = 4

Thus, 4 new office assistants will it need to hire.

8 0
3 years ago
If Sharon's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions sup
CaHeK987 [17]

Answer:

Supply Curve. Supply Schedule

Explanation:

A supply curve is a graph showing the relationship between price and quantity supplied. It slopes upward indicating a positive/direct relationship between price and quantity supplied. In this case, the higher the price of televisions, the more units of televisions will be supplied in the market. The supply curve is plotted from a supply schedule. This would be the suitable alternative if Sharon's boss was interested in a graphical presentation to analyse the quantity supplied of television in the market per given time period and price.

A supply schedule shows the relationship between price and quantity supplied using a given set of numbers/data. This would be the suitable option if Sharon's boss was more interested in a visual represenation of the quantity of television sold at given prices and particular time periods.

6 0
4 years ago
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