Answer:
1. Accounts receivable
2. Notes receivable
3. Other receivable
Explanation:
Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.
Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet
Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable
Answer:
The correct words for the blank spaces are (<em>in that order</em>): low; high; opportunity; reservation.
Explanation:
For buyers and sellers to benefit from a transaction, the price of the goods or services offered must be at equilibrium. It implies the price is low enough for consumers to consider purchasing the product and high enough for producers to offer it earning a profit.
Besides, producers should consider their opportunity costs which are the costs of adding one more unit for production. On the other side of the road, consumers consumer their reservation price which is the maximum amount of money they could pay for a good or service based on the value they give to the product.
Answer: Amount of income assigned to Laverne = $2,150
Amount of income assigned to Shirley = $2,350
Explanation:
Given that,
Laverne invested = $4,000
Shirley invested = $6,000
Each partner receive = 10% return on their invested capital
and remaining income being distributed equally between the two partners.
Partnership earned = $4,500
Remaining income = Partnership earned - 10% on Laverne's capital - 10% on Laverne's capital
= $4,500 - $400 - $600
= $3,500
Amount of income assigned to Laverne:
= 10% of $4,000 + 
= $400 + $1,750
= $2,150
Amount of income assigned to Shirley:
= 10% of $6,000 +
= $600 + $1,750
= $2,350
Answer:
The correct answer is option B,the business portfolio is the one that best fits the company's strengths and weaknesses to opportunities in the environment.
Explanation:
SWOT analysis is a performance appraisal technique that is used in analyzing organization based on its strengths and weaknesses (in internal environment) as a means to exploring opportunities and reducing threats from external environment.
The best a company can offer its customers in terms of products and services is that combination that maximizes it strengths and opportunities while also minimizing its weaknesses and threats.
