1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s344n2d4d5 [400]
3 years ago
10

On November 19, Nicholson Company receives a $25,800, 60-day, 10% note from a customer as payment on account. What adjusting ent

ry should be made on the December 31 year-end
Business
1 answer:
Sati [7]3 years ago
8 0

Answer:

adjusting entry should be :

Note Receivable $1,806  (debit)

Interest Income $1,806  (credit)

Explanation:

On Issuance of the note the entries recorded are :

Note Receivable $25,800 (debit)

Sales Revenue $25,800 (credit)

At year end, December 31, 42 days would have expired, thus the interest of 42 days accrues on the Note Receivable. Entries are as follows :

Note Receivable $1,806  (debit)

Interest Income $1,806  (credit)

Interest Calculation = $25,800 × 10% × 42/60

                                 = $1,806

You might be interested in
Water is an extremely important part of nutrition, and we should drink water daily<br>True<br>False​
velikii [3]

This is definitely true for all people.

3 0
4 years ago
Refer to Scenario 5.3. On Eaton's website, the firm segments its product offerings as aerospace, filtration, hybrid power, elect
just olya [345]

Answer:

C. product use

Explanation:

Based on the information provided within the question it can be said that in this scenario Eaton most likely adopted a product use segmentation strategy. This strategy basically focuses on finding the selling the same products but in different variations for different uses in many markets. Which is what Eaton's website seems to be doing by offering the same product to different markets such as aerospace, hydraulics, and electrical.

3 0
4 years ago
Delectable, a fast food chain, emphasizes a lot on things like how the staffs are dressed, how the food is presented, as well as
Anarel [89]

Answer:

C) Tangibles

Explanation:

The five variables of service quality are:

  1. tangibles
  2. reliability
  3. responsiveness
  4. assurance
  5. empathy

The tangibles variable basically refers to the physical environment, the facilities, equipment, staff and other communication materials displayed by the store or restaurant.

3 0
4 years ago
When actions by individuals in a organization are directed toward the goal of furthering their own self-interests, it is termed
STALIN [3.7K]

Answer:

Organizational politics.

Explanation:

An interest group can be defined as a group of people sharing common aims, ideas and concerns, which seeks to influence government or a public policy.

This ultimately implies that, the interest groups consists of individuals who are only concerned about influencing public policy of the government on the basis of a particular common aim and interest.

Similarly, when actions by individuals in a organization are directed toward the goal of furthering their own self-interests such as being promoted, traveling to get estacodes, training, courses, etc., it is generally termed as organizational politics. Thus, you will see such employees (individuals) getting closer to top the executive management and patronizing them, in order to be in their good books.

6 0
3 years ago
Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) co
raketka [301]

Answer:

(2) consult others before making a decision.

Before I make a recommendation, I will consult my team members.  Individually, some may have new ideas and modifications which we can incorporate into the project to even beat the competition and cause management to continue supporting the project.

Explanation:

Even though our competitor's "product appears to utilize radical new design principles that expand the functionality of the product," we can still modify our product.  This will not only incorporate the features of our competitor's product, but also further introduce new features that will emanate from the challenge from competition.

This is where the SCRUM framework becomes important.  This framework for project management emphasizes teamwork, accountability, and iterative progress toward a well-defined goal, while allowing for tweaks.

Developing this project based on this framework must have made it possible for us to receive the report from the marketing department in the first place.  The principles of Scrum are Openness, Respect, Courage, Commitment, and Focus.  So, the best we can do will be to prioritize, come up with new improvement ideas, and convince top management not to cancel the project.

3 0
3 years ago
Other questions:
  • Agency relationships are normally consensual, coming about through voluntary consent and agreement between the parties. a. True
    7·1 answer
  • All of the following are inventoried under absorption costing except:
    15·1 answer
  • The statement of cash flows will not report the amount of checks outstanding at the end of the period. sources of cash in the cu
    14·1 answer
  • A consultancy firm that provides a wide range of services relating to tax payments and tax law is known for performing these ser
    8·1 answer
  • Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Invento
    8·1 answer
  • Our company has reviewed the utilities bills for our company. We have determined that the highest and lowest bills were $5,600 a
    9·1 answer
  • An investment today of $8,424 at 6% will yield payments of $2,000 per year for five years, or total payments of $10,000 over fiv
    8·1 answer
  • Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short-term
    5·1 answer
  • Using these data from the comparative balance sheet of Ramirez Company, perform horizontal analysis. (If amount and percentage a
    9·1 answer
  • True or False: you and your friend have the same choice of activities on a
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!