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pav-90 [236]
3 years ago
10

On August 2, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account receivable.

Prepare Jun’s journal entry assuming the note is honored by the customer on October 31 of that same year. (Use 360 days a year.)
Business
1 answer:
earnstyle [38]3 years ago
5 0

Answer:

The journal entry for the following economic activity is given below.

Explanation:

Interest revenue = 6000*12% * 91/360 = 182

Date                     Account Title                                           Dr             Cr

Oct 31                    Cash                                                      6,180

                                  Notes receivable                                             6,000

                                  Interest revenue                                                180

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Answer:

When the markup increases, real wage decreases and because of the decrease or the now low real wage the demand for labor at a low cost decreases which leads to a increase in the natural rate of unemployment. In addition the natural rate of unemployment has an inverse relationship with the natural level of employment, therefore, the natural rate of employment will decrease. And the output level will decrease.

Explanation:

See attached picture:

The decrease in real wage is shown by the movement from W/P to W/P'.

The increase in the natural rate of unemployment is shown by the movement from Un to Un' and the new equilibrium is at B.  

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4 years ago
A company reported total assets at the end of the previous year of $95,000; including cash of $35,000, accounts receivable of $2
vesna_86 [32]

Answer:

there is $9,000 increase in cash

Explanation:

The computation of the increase or decrease in cash is as follows;

In the previous year, the cash balance is $35,000

In the current year, the cash balance is $44,000

So the differenceis

= $44,000 - $35,000

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So, there is $9,000 increase in cash

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3 years ago
A representative from Pepsi stops by at a local fast-food restaurant once a month to inquire how much soft drink syrup the store
Eddi Din [679]

Answer:

C. Straight rebuy

Explanation:

Straight rebuy involves buying or reordering supplies and commodities on a routine basis from a supplier or seller who's on an approved list. It involves class customer making a purchase of thesame commodity at the same amount from the same supplier. In this case, the local fast food is the customer making the straight rebuy and Pepsi is the supplier on the approved list of the fast food.

Straight rebuy comes as a result of the decision for customers to buy exactly the same product as the last time at thesame quantity from thesame supplier.

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4 years ago
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Answer:

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