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PtichkaEL [24]
3 years ago
14

On March 1, 2018, Lewis Services issued a 6% long-term notes payable for $18,000. It is payableover a 3-year term in $6000 princ

ipal installments on March 1 of each year, beginning March 1, 2019.Which of the following entries needs to be made on March 1, 2018?A) Long-Term Notes Payable 6000Cash 6000B) Cash 18,000Long-Term Notes Payable 18,000C) Current Portion of Long-Term Notes Payable 18,000Long-Term Notes Payable 18,000D) Long-Term Notes Payable 18,000Accounts Payable 18,000
Business
1 answer:
GaryK [48]3 years ago
3 0

Answer:

B) Cash A/c Dr $18,000

          To Long-Term Notes Payable $18,000

Explanation:

Since we have to pass the journal entry for the beginning year, so we have to record the issued amount also,

The journal entry is shown below:

Cash A/c Dr             $18,000

    To Long-Term Notes Payable     $18,000

(Being long term notes payable)

The principal installment amount should not be considered in the recording of the journal entry. Hence, it is ignored.

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Your office network has been measured to stay working an average of 2,200 hours with a standard deviation of 285 hours.
navik [9.2K]

Answer:

1.74%

Explanation:

Mean number of hours (μ) = 2,220 hours

Standard deviation (σ) = 285 hours

Assuming a normal distribution, the z-score for any number of hours a network stays up, X, is given by:

z = \frac{X-\mu}{\sigma}

For X = 2,800 hours, the z-score is:

z=\frac{2,800-2,200}{285}\\z=2.11

A z-score of 2.11 corresponds to the 98.26th percentile of a normal distribution. The probability that the network will stay up for 2,800 hours before it fails is:

P(X>2,800) = 100\%-98.26\% = 1.74\%

The probability is 1.74%.

6 0
4 years ago
Retail managers can use ________ to determine which inventory items require the most attention.
pantera1 [17]

Answer: (D) ABC analysis

Explanation:

 ABC analysis is one of the type of inventory method that are basically divided into the three main categories that is A,B and the C categorization.

 The main advantage of this type of analysis is that it is categorized on the quantity and the values basis and this analysis is basically keeps the cost in the business under the control. It is also known as the inventory management and the ABC analysis contributed in the overall profit in an organization.

According to the question, the retail manager basically using the ABC analysis for determining the inventory items in the system.

Therefore, Option (D) is correct.

5 0
4 years ago
As industries become global in scope, competitors and potential future competitors exist not only in a company's home market but
Lesechka [4]

Answer:

<u>Globalize</u>

Explanation:

Globalization in simple terms refers to integration of domestic economy with the world economy. It lays emphasis upon removing trade barriers and making the world one big market.

The concept of Globalization gave rise to the emergence of multi national corporations operating multiple businesses in different countries.

As companies go global, the intensity of competition increases as it's no longer restricted within domestic boundaries.  Such international competition induces companies to come up with new innovations and methods so as to survive globally. This enhances the efficiency.

Thus, this serves as one of the motives for the companies to Globalize.

3 0
4 years ago
A quality characteristic has a specification (in cm) of 0.40 ± 0.03. If the value of the quality characteristic exceeds 0.40 by
DanielleElmas [232]

Answer:

option (C) L(x) = 200,000(x - 0.40)²  

Explanation:

Given:

quality characteristic = 0.40

Tolerance = 0.03

Repair cost = $180

Now,

Taguchi loss function is given as:

Loss (in $) = Constant × ( Quality characteristic - Target value )²

For quality characteristic of 'x' target value 't'

and constant A

L(x) = A × ( x - t)²

substituting the given values, we get

$180 = A × (0.03)²                 [x - t = tolerance]

or

$180 = A × 0.0009

or

A = 200,000

Hence,

Taguchi loss function

L(x) = 200,000(x - 0.40)²  

Hence,

the correct answer is option (C) L(x) = 200,000(x - 0.40)²  

4 0
3 years ago
What is the last step in planning your budget?
mote1985 [20]
C. review and revisions
7 0
3 years ago
Read 2 more answers
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