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sergejj [24]
3 years ago
13

On June 1, Oriole Company Ltd. borrows $100,000 from Acme Bank on a 6-month, $100,000, 6% note. The note matures on December 1.

Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
8 0

Answer:

<u>Journal Entry :</u>

Bank $100,000  (debit)

Note Payable : Acme Bank (credit)

Explanation:

In Oriole Company Ltd books the following entries must be made :

The assets of cash should be increase (debit) at the same time, the liabilities arising on the Note Payable must also increase (credit).

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Suppose we have the following information concerning the printed magazine and digital magazine subscription markets:
Sidana [21]

Answer:

Cross-price elasticity of demand between printed and digital magazine subscriptions is 8.91.

Explanation:

Percentage change in price of Printed Magazine Subscription = ((Printed Magazine Subscription Price1 - Printed Magazine Subscription Price0) / Printed Magazine Subscription Price0) * 100 = (($13.40 - $20) / $20) * 100 = -33%

Percentage change in quantity of Digital Magazine Subscription Quantity = ((Digital Magazine Subscription Quantity1 - Digital Magazine Subscription Quantity0) / Digital Magazine Subscription Quantity0) * 100 = ((208 - 216) / 216) * 100 = -3.7037037037037%

Cross-price elasticity of demand between printed and digital magazine subscriptions = Percentage change in price of Printed Magazine Subscription / Percentage change in quantity of Digital Magazine Subscription Quantity = -33% / -3.7037037037037% = 8.91

Note: The relationship between printed and digital magazine subscriptions is that they are substitutes because the cross-price elasticity between them is positive. That is, an increase in the price of printed digital magazine makes consumer to switch to and buy more of digital magazine which is a substitute.

6 0
2 years ago
General motors and chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because
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<span>General motors and Chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because </span>their costs got out of control, causing their total costs to exceed their total revenues.
6 0
2 years ago
Cesar claims he found a definite way to save money, "Buy direct from the manufacturer. Any time intermediaries get involved, you
Anni [7]

Answer:

Explanation:

Great question, intermediaries are sometimes necessary since they provide a service in which you might not be able to get the product if their service wasn't provided. That being said we can say that Caesar's claim is not valid in many cases. Intermediaries tend to add an additional cost to a certain product, but like mentioned above they are providing an essential value. In many cases the value they create more than offsets the costs they add. Therefore the validity of Caesar's claim is dependent on the intermediaries provided value.

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

3 0
3 years ago
Discuss the concepts of Mean, Median, Mode, and Standard Deviation, including when each should be used, and evaluate the differe
yaroslaw [1]
<h3>What is mean?</h3>

The mean is a mathematical concept that is used to determine what the average number is in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the mean is 2.4 (\frac{5+1+1+1+4}{5}), where /5 is the sum of the given set of numbers.

<h3>What is the Median?</h3>

The median is a term used to represent the middle value in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the median is 1 because it is the middle for this set of numbers counting from left to right.

<h3>What is the mode?</h3>

The mode is a term that refers to the most frequently repeated value in a given set of numbers. For example, given a set of numbers 5, 1, 1, 1, and 4, the mode in the set is 1 since it occurs most, exactly three times.

<h3>What is the Standard deviation?</h3>

Standard deviation is a statistical method used to determine how far (i.e the deviation) of a given dataset relative to its mean. It is often calculated as the square root of variance.

You can learn more about the concepts of Mean, Median, and Mode here brainly.com/question/14532771

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5 0
2 years ago
What problems might arise from having the team organized in this structure?
morpeh [17]

The that might arise from having the team organized in structure are:

  • bloated management
  • poor communication.

<h3>What is Organizational structure?</h3>

Organizational structure can be regarded as the structure that helps in difining number of layers of management as well as the interaction of  departments.

It should be noted that Poor organizational structure can create a variety of problems, that is listed above.

learn more about Organizational structure at;

brainly.com/question/20216218

3 0
2 years ago
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