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lord [1]
3 years ago
7

Presented below is information related to Cheyenne Corp., which sells merchandise with terms 2/10, net 60. Cheyenne Corp. record

s its sales and receivables net. July 1 Cheyenne Corp. sold to Warren Harding Co. merchandise having a sales price of $17,000. 5 Accounts receivable of $14,800 (gross) are factored with Andrew Jackson Credit Corp. without recourse at a financing charge of 8%. Cash is received for the proceeds; collections are handled by the finance company. (These accounts were all past the discount period.) 9 Specific accounts receivable of $14,800 (gross) are pledged to Alf Landon Credit Corp. as security for a loan of $6,300 at a finance charge of 7% of the amount of the loan. The finance company will make the collections. (All the accounts receivable are past the discount period.) Dec. 29 Warren Harding Co. notifies Cheyenne that it is bankrupt and will pay only 20% of its account. Give the entry to write off the uncollectible balance using the allowance method. (Note: First record the increase in the receivable on July 11 when the discount period passed.)

Business
1 answer:
Anastasy [175]3 years ago
8 0

Answer:

Detailed solution is given in the tabular form below:

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1
NISA [10]

Answer:

Point C

<em>Diagram is available online but cannot be imported due to its format</em>

Explanation:

A reduction in the cost of inputs means that suppliers will avail more fish in the market. An increase in supply caused by other factors other than price shifts the supply to the right. A shift of the supply curve outwards or the right makes the equilibrium point to move to capture an increase in supply.

In the diagram, the new equilibrium point will be at point C. The supply will increase due to a reduction in input costs.

8 0
3 years ago
All parties need to communicate about strategy and schedule. which communication channel is most likely to meet their needs? mul
Nina [5.8K]
The most suitable strategy for all parties to communicate is by using a videoconference in which allows all of the people to have a meeting and to be able to see each of the people involved in a meeting. Using a conference call may also be useful but the lacking of it is that you may not be able to see the people you're talking to. Other choices aren't suitable as this will not allow you to talk to everyone all in the same time.
3 0
3 years ago
Managers practice the art of getting things done using organizational resources such as: Multiple select question. information w
Zarrin [17]

The managers get things done by using organizational resources such as: such as:

  • equipment
  • workers
  • information

<h3>What is an art of getting things done?</h3>

These involves the act of directing, organizing, coordination and guiding the organizational processes to achieve organizational goals.

Therefore, the Option A, B, D is correct.

Read more about organizational resources

<em>brainly.com/question/15075305</em>

#SPJ1

4 0
2 years ago
The ______ approach is a management approach that advocates the idea that a manager's attitude toward employees can affect produ
padilas [110]

Answer:

Human Relations Approach

Explanation:

According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question the approach being described is called the Human Relations Approach. Like mentioned in the question this approach refers to the view that the effectiveness of any organisation depends on the quality of relationships among the people working in the organisation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
4 years ago
POZ Inc. is issuing bonds to finance a new project in Michigan. These bonds are being offered with a face value of $1000, a coup
zheka24 [161]

Answer :

$1,099.54

Explanation :

As per the data given in the question,

Face value = $1,000

Coupon rate = 8% per year paid semi annual

Time = 6 year × 2 = 12 semiannual period

Coupon payment = 8% × $1,000 × 0.5

= 40

Market interest rate = 6% compounded semiannually is 3% semi annual period

Present value of bond = $40 × (P/A , 3%, 12) + $1,000 × (P/F , 3%, 12)

= $40 × 9.9540 + $1,000 × 0.7013798802

= $398.16 + $701.38

= $1,099.54

We simply applied the above formula

3 0
4 years ago
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