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devlian [24]
3 years ago
6

Giorgio Italian Market bought $11,000 worth of merchandise from Food Suppliers and signed a 45-day, 8% promissory note for the $

11,000. Food Supplier's journal entry to record the sales transaction is:
Business
1 answer:
Masja [62]3 years ago
5 0

Answer:

                                                Dr.          Cr.

Purchases / Inventory         $11,000

Promissory Note Payable                  $11,000

Explanation:

Promissory note is a signed document which contains a written promise for payment of stated amount to specific person or bond holder on demand or specified date.

In this case the purchases are made and a promissory note of $11,000 is signed for 45 days at 8% annual rate.

This entry will be recorded as the purchases or Inventory are debited and as promissory note is a short term liability so, promissory note payable is credited resulting increase in inventory as well increase in current liability.

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A raffle has a grand prize of a European cruise valued at $15000 with a second prize of a weekend in San Diego valued at $1500.
morpeh [17]

Answer:

Explanation:

Grand prize = $15,000

Second prize = $1,500

Number of tickets sold = 12,000

The probability of getting the grand prize ($15,000) is 1/12,000

The probability of getting the second prize ($1,500) is 1/12,000

Each ticket costs $4

Expected value is -4 + 1/12,000 X 15,000 + 1/12,000 X 1,500

= -1.5.

The expected winnings for a ticket buyer is therefore -$1.5

7 0
3 years ago
Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would u
atroni [7]

The two methods used to identify job opportunities are identify the area of specialization and train yourself according to that specialization.

Explanation:

The job offers can be found through Networking, Referrals, company websites, job fairs and social media.

The another method is through employment agency, are agencies that are trying to match up the job applicants to job that suits them. They have a connection with the organization and there is a high probability of landing a job with the organization.

Also, it is necessary to upgrade yourself to the area of specialization. If IT skilled then the job seeker should train on it to get placed on that relevant organization.

3 0
3 years ago
If you are interested in pursuing a B.S.E. (Bachelor of Science in Engineering) degree, please write a 300-500 word essay descri
m_a_m_a [10]

Explanation:

When I was in school grade 9, I had my first interaction with a robot during a visit to technology expo since then I could not think of anything else but to awe for exploring the fascinating world of robots.

I didn't had much resources to buy tools and components to build robots but still my passion kept me motivated and I found my way to get hands on scrap parts available at the various spots in my locality. Slowly and gradually, I kept learning and building robots and by the time I was in my high school, I had already won 3 major school competitions and received tremendous amount of recognition. Due to my outstanding performance, I was awarded with merit scholarship for the college.

In college, I continued my handwork and kept myself busy in exploring the depth of robotics. I had the pleasure of working on a big project funded by a our college. The project was to build a search and rescue quad-copter. Honestly speaking, it was not easy! I worked day and night tirelessly, and finally after 6 months I successfully built the quad-copter.

My goal is to become an inventor in the field of robotics. Building such robots that can make a difference in our lives and help humanity to grow and thrive. I believe that engineering program at Princeton encourages such passion and vision and would be a great learning platform for me to showcase my talent and skills.

4 0
4 years ago
(16-25) more questions:)
lys-0071 [83]

Answer:

16. d?

17. probably b

18. a

19. hmmmmmmmmmm c?

20. b

21. d

22. d

23. c

24. c

25. a

Explanation:

Should all be right? a few im iffy on.... it's been a while

8 0
3 years ago
The pharmaceutical company Merck's new drug Vioxx was a blockbuster, generating revenues of $2.5 billion a year by 2002 and grow
marissa [1.9K]

Merck provides an example of what can happen if a company deviates from its : Core values

<h3>What are core values?</h3>

The core values of an organization are those values we hold, which form the foundation on which we perform work and conduct ourselves.

The core value of a company are those enduring principles that govern it's fundamental conduct towards attainment of it's goals. It is usually a passionate pledge on the principles that the organization stands for.

Hence, Merck provides an example of what can happen if a company deviates from its core values.

Learn more about core values here : brainly.com/question/14595106

6 0
3 years ago
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