Answer:
The correct option is Debit Notes Receivable $100,000; credit Accounts Receivable $100,000
Explanation:
The journal entry to record when the notes receivable was signed to credit accounts receivable with the original value of the debt and debit same amount to notes receivable as is the case with the first option.
The interest due on the notes of $2,000 ($100,000*12%*2/12) would be recognized when the notes receivable become due for payment not immediately
Answer:FALSE
Explanation: UNEMPLOYMENT is a term used to describe the inability of persons to secure jobs due to the reduced number of jobs available. People can be unemployed due to various reasons which includes Lack of qualification, lack of available jobs etc.
Unemployment is not only as a result of lack of qualification,it can also be caused by other prevailing conditions which makes the number of available jobs to be lower.
the answer is b message me if it is wrong
Answer:
B) 3 scarves
Explanation:
total fixed costs per day = $60 (rent)
selling price per scarf = $40
variable cost per scarf = $15
contribution margin = selling price per unit - variable cost per unit = $40 - $15 = $25
break even formula in units = total fixed costs / contribution margin = $60 / $25 = 2.4 units, since you can only sell complete units, the break even amount is 3 scarves.