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Yanka [14]
3 years ago
8

Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,

800. Music World's journal entry to record the collection on the maturity date is:
Business
1 answer:
Lostsunrise [7]3 years ago
5 0

Answer:

Interest revenue = $7800*8%/360*60

Interest revenue = $104

Date  Journal Entry             Debit    Credit

          Cash                          $7,904

                 Notes Receivable            $7,800

                 Interest Revenue             $104

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Choose all that apply.
Arlecino [84]

Answer:

<em><u>Steps for calculating your net worth </u></em>

  1. List your assets.
  2. Total your assets.
  3. List your liabilities.
  4. Total your liabilities.
  5. Subtract your liabilities from your assets.

Explanation:

Net worth is calculated when knowing the value of all your assets minus the value of your total liabilities.

To make this calculation is imperative that you list assets and liabilities and totalize them to know what is the exact figures that you must use to apply the following formula:

Assets - Liabilities=Net Worth

5 0
4 years ago
Charles lackey operates a bakery in Idaho, Falls Because of its excellent product location, demand has increased by 35% in the l
OLga [1]

Answer: 0.27 loaves per dollar

Explanation:

Given that,

Bakery currently makes(Output) = 1,800 loaves per month

Paid Employees = $8.00 per hour

Constant utility cost = $800 per month

Ingredient cost = $0.40 × 1,800

                         = $720

Wages = 640 work hours × $8.00 per hour

           = $5,120 per month

Total cost (Input) = Ingredient cost + Wages + Constant utility cost

                = $720 + $5,120 + $800

                = $6,640

Where,

O/P - Output

I/P - Input cost

current multi factor productivity = \frac{O/p}{I/P\ cost}

                                                     =  \frac{1,800}{6,640}

                                                     = 0.27 loaves per dollar

3 0
3 years ago
Chess top uses the periodic inventory system. for the current month, the beginning inventory consisted of 360 units that cost $6
pantera1 [17]
Given: Beginning inventory 360 units @ $65 each  
Purchase:
 1. 540 units @ $68 each
 2. 270 units @ $70 each 
 Sales: 900 units  
 To calculate: cost of goods sold as per LIFO method (Last In First Out). 
 LIFO = stock coming in last will go out first. 
 Solution:- Cost of goods sold is calculated as follows: 
 270 units @ $70 each = 270*70 = $18900
 540 units @ $68 each = 540*68 = $36720 
 900 - (270+540) = 90 units
 remaining 90 units will be sold from inventory at the beginning 
 90 units @ $65 each = 90*65 = $5850 
 So, total cost of goods sold = $ (18900+36720+5850) = $61470.
8 0
4 years ago
Harold works as an operations manager. He uses a project management tool to schedule and manage the steps of the manufacturing p
Lubov Fominskaja [6]

Answer:

B

Explanation:

7 0
3 years ago
Stefan is looking for a job. Today he went to the Web site of Qriosity Inc., where he filled out an online application and attac
antiseptic1488 [7]

Answer:

initial selection

Explanation:

Based on the information provided within the question it can be said that in this scenario Stefan is in the initial selection phase of the selection process. This is the first step in the process in which the individual provides initial information to the company/firm, which they analyze in order to see if the individual meets the basic qualifications for the position that needs to be filled. If so the individual moves to the next phase which would be substantive selection.

3 0
4 years ago
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