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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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The main objective of enterprise systems is to create competitive advantage by streamlining business activities within and outsi
Romashka [77]

Answer:

True

Explanation:

Enterprise system, which is also referred to Enterprise resource planning (ERP)  refers to a business software which is implemented centrally so as to help coordinate and exchange data smoothly between departments and people.

Such a system makes it convenient for the businesses to share information within as well as with outside parties of an organization and helps integrate information between different departments.

Initially, the ERP software was primarily used by businesses for internal business processes but gradually it has been applied for suppliers, customers and outside business functions.

Effective application of such a system ensures competitive advantage to an enterprise.

6 0
3 years ago
Suppose the federal reserve wants to decrease the money supply by $400 billion. if the reserve requirement (rr) is 0.2, calculat
svetlana [45]

Two main modifications be made to guard the public, avoid bank bailouts, and expand banking protection and soundness.

<h3>What is the change in required reserves?</h3>

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<h3>What are the three dreams of the Federal Reserve?</h3>

It is the Federal Reserve's actions, as a central bank, to acquire three dreams distinct by using Congress: maximum employment, secure prices, and average long-term hobby rates in the United States.

Learn more about federal reserves here:

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4 0
2 years ago
Maverick Stars Inc., a U.S.-based multinational company, applies its home-country standards of employment and production in its
IRINA_888 [86]

Answer:

The answer is D. nullifying the reasons for investing in those countries.E. adopting cultural relativism as its approach to ethics.

Explanation:

Most multinational companies establish in less-developed host nations to benefit from cheap labor which results in minimizing products and in turn maximize profits.

4 0
3 years ago
Issuing bonds to obtain long-term funds legally compels a firm to pay regular ________ payments and repay the ________ at the ma
OlgaM077 [116]

Issuing bonds to obtain long-term funds legally compels a firm to pay regular <u>interest</u> payments and repay the <u>principle</u> at the maturity date.

6 0
2 years ago
If part of an assembly for automobiles is automated, then demand for automobile workers will _______________ .
White raven [17]

Answer:

Demand for automobile workers will fall.

Explanation:

Companies are always looking for ways to reduce costs in the production profits, in order to raise revenue and profit.

Workers are form of factor of production known as labor, while machines, which make automation posssible, are another form of factor of production, known as capital.

If employing machines to automate the production process becomes cheaper than hiring workers, then, the firm will use more machines and hire less workers. This is simply because using machines is cheaper, and will likely raise profits.

5 0
3 years ago
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