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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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Stephen, chief financial officer of Pluto Inc., is considered to be a very organized and disciplined leader by his employees, th
alexandr1967 [171]

Answer:

emphasizes on completing work on time without any unreasonable delays.

Explanation:

Leadership is the trait that an individual has that inspires others to give their best and motivates them to achieve higher standards in work and their personal lives.

In this instance Stephen the CFO of Pluto Inc is considered to be a very organized and disciplined leader by his employees.

This is because he emphasizes on completing work on time without any unreasonable delays. Stephen gas set a standard that inspires his employees and so they look up to him.

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3 years ago
McLeod Fries, Inc. has budgeted sales for June and July at $670,000 and $770,000, respectively. Sales are 85% credit, of which 6
ratelena [41]

Answer:

Account receivable on July 31 = $261,800

Explanation:

We would not be making use of the information for June as the question says 60% is collected in the month of sale and 40% is collected in the following month . Therefore as at July 31, all of june sales would have been collected and won't be outstanding

July credit sales = 85% * $770,000 = $654,500

Collected in July (60%) = 60% * $654,500 = $392,700

Receivable as at 31 July = $654,500 - $392,700 = $261,800

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3 years ago
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4 years ago
Is 6ixnine getting out of jail this year?
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4 0
3 years ago
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Suppose there are 5 gas stations in Durham. All of them sell, among other things, 87 octane regular unleaded gas. Which of the f
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b

Explanation:

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

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  • high barriers to entry or exit of firms
  • downward sloping demand curve

87 octane gas in Durham is the same in each of the five stations, so the product is undifferentiated

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

A monopolistic competition is when there are many firms selling differentiated products in an industry.

A monopoly is when there is only one firm operating in an industry.

An example of a monopoly is a utility company

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3 years ago
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