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tatiyna
3 years ago
11

Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the

next three months. the journal entry made by black systems to record this transaction will include: a debit to sales revenue for $330,000. a debit to accounts receivable for $330,000. a debit to accounts receivable for $110,000. a debit to cash for $330,000.
Business
1 answer:
patriot [66]3 years ago
5 0
Why are they giving $110,000 more?
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Company A makes canned tomatoes. The plant operates around the clock and has a long conveyor belt to take the
Dima020 [189]

<u>Answer:</u>

bulk

<u>Explanation:</u>

The Tomatoes are produced in a bulk and the canned products are sent out in batches but the process of moving tomatoes from receiving through packaging and processing is done on a conveyor belt which is a continuous process.

Therefore, the production of tomatoes in a bulk is a continuous process which goes on around the clock on a conveyor belt and the final products are sent out in batches which have their own unique identity number.

4 0
3 years ago
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
3 years ago
g On January 2, 2019, Shank Co. issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 60 shares.
Softa [21]

Answer:

$1.89.

Explanation:

diluted earnings per share = earnings attributable to common stockholder ÷ weighted average number of common stock holders

                                            = $340,000 ÷ (100,000 + 18,000)

                                            = $1.89

Shank's diluted earnings per share for 2019 would be $1.89.

4 0
2 years ago
The agreed cost of an item to be purchased by a business on credit is $4,000. The applicable cost will be debited to advertising
Hoochie [10]

Answer:

$4,480

Explanation:

The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.

As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.

Goods and services tax = 5% × $4,000

= $200

Provincial sales tax = 7% × $4,000

= $280

Total debit to advertising expense

= $4,000 + $200 + $280

= $4,480

7 0
3 years ago
If your supervisor is hesitant about accepting your ideas, your best strategy would be to a. preview your conclusion before you
rjkz [21]
<span>Selection C is the most appropriate. By establishing credibility at the outset of your proposal, you can make it clearer that you understand the scope of the problem you're trying to solve. This can also make is easier for your supervisor to develop questions that he or she may have as a way of teasing out some more specifics about your plans and suggestions.</span>
8 0
3 years ago
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