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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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Solution :

It is given that :

Additional time obtained per week from milling machines = 350

The incremental cost = $ 2 per hour

Therefore, the allowable increase for milling operation is 400.

This indicates that we can accommodate additional constraint RHS of 200 hours.

Also we have to consider the impact on the profit of 2.25 which is an incremental cost of 1.5 is well affordable.

6 0
3 years ago
If house prices in the neighborhood immediately fall by 10 percent (before any mortgage payments are made), what would happen to
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Answer:The net worth of Joe and Mike will reduce.

Explanation:

It will reduce because the only asset they both have is the houses in the neighbourhood and since prices have reduced,their net worth will also reduce.

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3 years ago
Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. One em
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Answer:

B) How does the action I am proposing to take make me feel about myself?

Explanation:

According to Norman Peale (the ideologist of positive thinking), decisions that affect or solve ethical dilemmas should be evaluated against three questions:

  1. My decision will follow the law and the company's policies?
  2. Is the decision balanced and fair?
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4 0
4 years ago
Which of the following is a measure of economic growth that is most useful for measuring changes in the overall size of an econo
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Answer:

Option (C) is correct.

Explanation:

Real GDP of a particular nation indicates the exact economic growth in a nation. It measures the economic output of a nation after adjusted for all the changes occured in the price level. Real GDP is more accurate and useful in defining the economic growth of a nation as compared to the nominal GDP because real GDP takes into the effect of inflation and deflation.

3 0
3 years ago
Respond to the following short answer prompt: Imagine you are a lead social science researcher and are responsible for approving
GarryVolchara [31]

Answer:

Answer is given in the explanation

Explanation:

1. Racial predisposition; this research violates very basic ethical code of racial discrimination. There is no way that a researcher can be allowed to target a specific group of people based on their biological race.  This type of discrimination hinders the authenticity of research  and have far reaching repercussions for the target group as well as the whole society.

2. Electroshock therapy; this research’s target population is preteens and adolescents, experimenting such an extreme punishment on them has no justification. This causes direct harm to the children. Besides the electroshock are used on chronic psychic patients not on general public not even adults let alone the preteens.  

3. Health Problems, Diet, and Socioeconomic Status; this research proposal is better than the previous two proposals but it has some ethical regarding the consequences of the publicly published findings. Rather it would be more effective to keep these findings to the policy makers and work for the betterment of the lower status peoples so that they can also eat healthy diet.

6 0
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