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Tema [17]
3 years ago
7

Ivanhoe Sports Authority purchased inventory costing $ 26 comma 000 by signing a 6​%, ​six-month, short-term note payable. The p

urchase occurred on March 1 comma 2018. Ivanhoe will pay the entire note​ (principal and​ interest) on the​ note's maturity date of September ​1, 2018. Journalize the​ company's (a) purchase of​ inventory; and​ (b) payment of the note plus interest on September 1 comma 2018.
Business
1 answer:
anyanavicka [17]3 years ago
8 0

Answer:

Explanation:

The journal entries are shown below:

a. Inventory A/c Dr $26,000

       To Notes payable A/c $26,000

(Being inventory is purchased for signing the short term notes payable)

b. Interest expense A/c Dr $780

  Notes payable A/c Dr $26,000

               To Cash A/c $                       $26,780

(Being cash is paid on maturity)

The interest expense is computed below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)

= $26,000 × 6% × (6 months ÷ 12 months)

= $780

The 6 months is calculated from March 1 to September 1

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OLEGan [10]

Answer:

Zwick company's dividend revenue from Handy corporation in December 2018 would be = $280,000

Explanation:

Since Zwick company has bought 28,000 shares of Handy Corp. and Handy has announced a cash dividend of $10 per share. We will calculate Zwick company's dividend revenue would be,

Dividend revenue = ownership shares x dividend per share

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5 0
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To avoid channel conflict resulting from Internet selling, a company should Multiple choice question. charge prices for online d
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work with dealers to design an online sales portal that benefits both partners.

Explanation:

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This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

Simply stated, e-commerce is the act of engaging in internet selling.

In order to avoid channel conflict resulting from Internet selling, a company should work with dealers to design an online sales portal that benefits both partners i.e the online portal would focus on bridging the gap between the producer (company) and the consumers, as well as balancing the demand and supply of goods and services.

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3 years ago
Type the correct answer in the box Spell all words correctly.
OlgaM077 [116]
<h2>Real-time analytics is the technology used by online stores to present customized content.</h2>

Explanation:

Real-time analytics is the,

  • combination of "Mathematics and logic"
  • Analysis of date
  • Enables business to react without any delay
  • User can draw conclusion within a short span of time
  • Provides insights of collected data
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6 0
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What must be demonstrated to prove that a company engaged in predatory pricing? Correct Answer(s) Drag appropriate answer(s) her
jok3333 [9.3K]

Answer:

The correct answers are letters "C" and "D": The company significantly raised its prices after its rivals were forced out of the market;  The company deliberately set its prices below its average variable costs.

Explanation:

Predatory pricing is the set of actions a company carries out to establish the price of its goods or services below the market price -even below the firm's costs, which might be beneficial for consumers in the short term but goes against them in the long run since most companies affected tend to exit the industry, leaving the predatory company alone as a monopoly so it can change the price of the good or service offered at will.

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Which best describes the barrier to trade known as dumping? Destroying shipments of imports to force consumers into purchasing d
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Answer: Selling exports abroad at a lower price than the domestic price.

Explanation:

Dumping is a practice in international trade where the country exporting, does so at a price that is lower than the domestic price of the good being exported in the importing country.

This allows the country exporting to gain more market share but can also lead to the collapse of the domestic industry thereby allowing for an export based monopoly to form.

An example would be Japan selling electronics in the U.S. at lower rates to capture market share even though those same electronics commanded a higher price in Japan.

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