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inessss [21]
3 years ago
7

On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note

, AZC honors the note and pays in full. The journal entry that Teal would make to record payment of this note would include a credit to:
Business
1 answer:
Y_Kistochka [10]3 years ago
5 0

Answer:a credit to  Interest revenue for $200

Explanation:

Interest =  Principal x rate x time ( period )

= $10,000 x 6% x 120/360

=$200

    Account titles and explanation               Debit Credit  

                       Cash                                $10,200  

    Note receivable                                          $10,000  

    Interest revenue                                           $200

Therefore, The journal entry that Teal would make to record payment of this note would include a credit to  Interest revenue for $200

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"Convergence occurs as ________ is sought, such as for the EC countries, and as competitive pressures in free-trade zones, such
elena-14-01-66 [18.8K]

Answer:

The correct answer is letter "B": harmonization.

Explanation:

In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.

Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). <em>Once labor conditions have been subject to </em><u><em>harmonization</em></u><em> regardless of the region in the world, convergence will be a more attainable objective.</em>

7 0
4 years ago
1. Assume that in the relevant jurisdiction, contracts with clauses restricting working for competitors for more than six months
jeyben [28]

<u>Answer: </u>Wrongful interference with a contractual relationship requires the existence of enforceable contract, third party  knowledge, and intentional inducement.

<u>Explanation:</u>

All the business consist of information which is invaluable and wants the employees to keep it within the business and not sell it to competitors. As they are the successful objectives of the business.

Contractual relationship is the relationship bound by legal requirements where there are two or more parties who agree with same terms through enforceable contract. Intentional inducement is where an individual causes damage to  contractual relationship with third party. The damage can be of monetary basis.

8 0
3 years ago
_____ personality tests use a standard set of questions and are scored in a standardized way
Strike441 [17]
The answer is objective personality test.
Objective personality test is designed to measures the personality of a certain individual without being exposed to the bias of the tester.
To fully avoid the bias, the researchers usually created a scoring system that based on quantitative scores rather than the qualitative.
7 0
3 years ago
Equipment was purchased for $68,000 on January 1, 2013. Freight charges amounted to $2,800 and there was a cost of $8,000 for bu
Dahasolnce [82]

Answer:

a. $26,720

Explanation:

Before computing the accumulated depreciation, first we have to compute the original cost of the equipment, after that the depreciation expense. The calculation is shown below:

Original cos t = Equipment purchase cost + freight charges + installment charges

= $68,000 + $2,800 + $8,000

= $78,800

Now the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ estimated life in years

= ($78,800 - $12,000) ÷ 5 years

= $13,360

Now the accumulated depreciation is

= Depreciation expense × number of years

= $13,360 × 2 years

= $26,720

5 0
3 years ago
Comparative advantage A. is unlikely to​ change, once it has been defined. B. may change as time passes and circumstances change
Alona [7]

Answer:

The correct answer is B. may change as time passes and circumstances

Explanation:

The concept of comparative advantage is one of the basic foundations of international trade. It assumes as decisive the relative costs of production and not the absolute ones. In other words, countries produce goods that have a lower relative cost compared to the rest of the world.

8 0
3 years ago
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