Answer:
a. Debit to Notes Receivable
Explanation:
Journal entry for selling an asset in return for notes receivable is;
Notes Receivable A/c Dr.
To Asset A/C
In the given case, an aircraft is sold in exchange for a note receivable. The journal entry would be:
12% Notes Receivable A/C Dr. $380,000
To Aircraft $380,000
(Being notes receivable received in exchange for aircraft sold being recorded)
Notes Receivable is an asset for the receiver as it represents amount which is due to be received. Whenever an asset account is debited, it increases their balance.
Aircraft is an asset. When an asset is sold, it is credited. Here the asset being a movable asset.
Answer:
no they are balance sheet items
Explanation:
I think it is B).$34,000 because they are net sales meaning they are after taxes and they wouldnt be getting the clean $38,000 so i that is why i think it is B
Answer:
Account Title Dr Cr
Supplies Expense (22,150+9,350-8,810)..............22690
Supplies....................................................................................22690
Interest Receivable .....................................................450
Interest Revenue .......................................................................450
Rent Revenue.............................................................$7,000
Unearned Revenue...............................................................$7,000
Answer:
A) a moderate productivity increase
Explanation:
Low cohesiveness means that the group is not united, it is not a team.
Even though the group may be strongly aligned towards achieving the group's goals or the organization's goals, if they cannot work together as a team, then their productivity will not increase a lot. The moderate productivity increase will be due to each individual's alignment with the common goals, so they will work harder to achieve them. But they will work harder on their own, not as a team.
If they were able to work as a team, then the productivity increase would be much greater.
High cohesiveness combined with a strong alignment between group goals and organizational goals typically results strong productivity increases, the key is teamwork.