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Kipish [7]
3 years ago
14

On August 2, Jun Co. receives a $6,700, 90-day, 10.0% note from customer Ryan Albany as payment on his $6,700 account. Prepare J

un's journal entry assuming the note is honored by the customer on October 31 of that same year. (Round your answers to nearest whole dollar value. Use 360 days a year.)
Business
1 answer:
Dimas [21]3 years ago
4 0

Answer:

Date          General Journal                             Debit     Credit

Oct. 31   Cash                                               $6,868

                       Notes receivable- R. Albany                  $6,700

                       Interest revenue                                     $168

                       (($6,700 * 10% * 90/360)

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Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
Oxana [17]

Answer:

 export               import                net export  

1. increases         unchanged         increases

2. unchanged       increases             decreases

3.  unchanged       increases             decreases

4. unchanged       increases             decreases

5. increases         unchanged         increases

Explanation:

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Net export would increase when export occurs and decrease when import occurs

Net export = exports – imports

When the French historian visits the US museum and the European family visits Disney,  they are enjoying US services, thus export increases and net export increases

The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export

7 0
2 years ago
Bonnie austin, age 30, used to work part time in a local restaurant. this year she quit her job to take care of her five-month-o
AlekseyPX

As Bonnie is not currently looking for a job after she quit and take care of her daughter, the survey conducted by the bureau of labor statistics that Bonnie will now be counted as an individual who is not part of the labor force because she is not working at the moment.

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6 0
2 years ago
In a concentrated network configuration:
seraphim [82]

Answer:

B

Explanation:

Here, in this question, we are to select which of the options is best.

The correct answer to this question is that in a concentrated network configuration, firms allow each site on the network to operate with full autonomy.

What this means is that each site in the network operate independently of the other sites.

A site is thus an autonomous entity but still part of the concentrated network

7 0
3 years ago
Consider a $1200 investment for a new plant that is expected to have a Residual Value of $200 in five years. What is the Salvage
deff fn [24]

Answer:

$173

Explanation:

The computation of the salvage value at the end of year 5 is given below:

Cost of the asset $1,200

Multiply with the depreciation rate 5.76%

Book value at the 5 year end = $69

Resale value $200

gain on sales $131

Multiply with the Capital gain 21%

tax on gain $27

After tax gain on salvage value $173 ($200 - $27)

3 0
3 years ago
Terms and conditions that the organization states the employee is entitled to upon departure from the organization constitute?
nikklg [1K]

Terms and conditions that the organization states the employee is entitled to upon departure from the organization constitute pay rate.

For a contract to be legally enforceable, it must contain the following elements: agreement (including offer and acceptance), and capacity (or capacity of all parties involved). , mutual consent, consideration, legal purposes, and forms required by law.

All employers employing 100 or more workers are required to submit an Ingredient organization 1 data report to their EEOC annually. Federal contractors and Tier 1 subcontractors with 50 or more employees and $50,000 or more contracts are required to submit only Component 1 data in his report.

The basic elements necessary for a contract to be a legal contract are good care; capacity; and legality.

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8 0
1 year ago
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