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balandron [24]
3 years ago
14

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 sales transaction is:
Business
1 answer:
AveGali [126]3 years ago
3 0

Answer:  Debit Notes Receivable          7,800  

Sales(to record sales)   7,800

Explanation:

When a customer signs a promissory note in exchange for commodity then the entry to record sales is recorded by debiting notes receivable.

here,  sales = $7,800 = Debit Notes Receivable  

The entry to record the sales transaction would be

Debit Notes Receivable          7,800  

Sales(to record sales)   7,800

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A nation seeking to increase its overall productivity might be best served by investing money into which area?
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<span>A nation seeking to escalate its overall productivity might be best assisted by investing money into technology. Developments and advances in technology which interprets into a more productive economic activity as creation and delivery of goods and services are improved.</span>

4 0
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Florida groves has a $380,000 bond issue outstanding that is selling at 97.4 percent of face value. The firm also has 2600 share
leva [86]

Answer:

Maket value of the comapny                                $

Market value of bond ($380,000 x 97,4/100)    370,120

Market value of preferred stocks (2,600 x $61) 158,600

Market value of common stocks (37,500 x $19) 712,500

Market value of the company                              1,241,220

Weight to assign to common stocks = $712,500/$1,241,220 x 100

                                                            = 57.40%

The correct answer is E

Explanation:

The market value of each stock is the number of stocks issued multiplied by current market price. Market value of the company is the aggregate of market value of bond, market value of preferred stocks and market value of common stocks. The weight to be assigned to common stocks is the percentage of market value of common stocks to market value of the company.

8 0
3 years ago
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C. Rent and Internet bill

Water and electric bills change monthly depending on usage, while rent and internet are constant.
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Which of the following is classified as an equitable remedy?
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Which of the following is classified as an equitable remedy?
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4 years ago
An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own.
Gekata [30.6K]

Options:

a. have no effect on; increase; decrease; negative

b. increase; increase; decrease; negative

c. increase; increase; increase; positive

d. increase; increase; decrease; uncertain

e. decrease; increase; decrease; negative

Answer:

Option D is the correct answer.

An increasing number of firms decide to install tablets and computers so that customers are able to order and pay on their own. This can be expected to <u>increase</u> investment spending by the firms. At the same time we can expect the unemployment rate to <u>increase</u> and consumption spending to <u>decrease</u>. Overall the effect on gross domestic product (GDP) is <u>uncertain.</u>

Explanation:

Since, Firm choose to build venture by introducing tablets and PCs and hope to accomplish benefit level. And yet joblessness can be relied upon to increment and subsequently utilization spending will diminish. Thus, the general impact GDP is dubious in light of the fact that an underlying increment in venture increment the monetary development level by increment in work rate. On the off chance that business rate increment, at that point consequently utilization spending increment. And yet it was relied upon to expand joblessness rate which decline the utilization spending. Thus, all things considered GDP may increase or diminish . Consequently GDP is dubious.

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