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Nikitich [7]
3 years ago
14

Jasper makes a $81,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice

Debit Notes Receivable for $81,000; credit Cash $81,000. Debit Accounts Receivable $81,000; credit Notes Receivable $81,000. Debit Cash $81,000; credit Notes Receivable for $81,000. Debit Notes Payable $81,000; credit Accounts Payable $81,000.
Business
1 answer:
Serhud [2]3 years ago
4 0

Answer: Debit Notes Receivable for $81,000; credit Cash $81,000

Explanation:

Note receivables are used to record promissory notes that is, when a party agrees to pay cash to another party before a particular date.

Since Jasper makes a $81,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction would be to Debit Notes Receivable for $81,000 and credit Cash $81,000.

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nirvana33 [79]

Answer:

The correct answer is option D.

Explanation:

Technological change refers to an improvement in the efficiency of a product such that the output level increases without an increase in input.  

Here, the rearranging of layout and training of workers is technological change as they are likely to increase production without an increase in inputs.  

Damages caused by a hurricane will reduce the output level, so it will not be classified as a technological change.

3 0
2 years ago
________ is the two-way flow of communication between buyer and a seller that is designed to influence the buyer's purchase deci
vodomira [7]

Answer:

The answer is personal selling

Explanation:

_Personal Selling_______ is the two-way flow of communication between buyer and a seller that is designed to influence the buyer's purchase decision.

7 0
3 years ago
Bigbucks Brokerage provided the taxpayer $2,400 in bicycle commuting reimbursement in 2020. How much of that reimbursement, if a
blsea [12.9K]

Answer:

Bigbucks Brokerage

The whole amount of $2,400 must be included in the taxpayer's income.

Explanation:

The Bicycle Commuting Reimbursement in 2020, given under a Bicycle Commuter Tax Benefit program, is taxable as income to the employee. According to the provisions of the Tax Cut and Jobs Act, the restriction placed on the Bicycle Commuter Tax Benefit will expire in 2026.  The bicycle commuting reimbursement is a benefit that can only be offered by employers and is regarded as a taxable benefit to the affected employee.

5 0
2 years ago
The prepaid insurance account had a beginning balance of $6,600 and was debited for $2,300 for premiums paid during the year. Jo
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Explanation:

The adjusting entry is as follows

Insurance expense A/c Dr  $4,800

           To Prepaid insurance A/c  $4,800

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= Beginning balance + debited amount - unexpired insurance amount

= $6,600 + $2,300 - $4,100

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So while preparing the adjusting entry, we debited the insurance expense account and credited the prepaid insurance account

8 0
3 years ago
A recent innovation by Amazon, the Vendor Flex program, seeks to lower overall transportation costs but also creates new forms o
Mariulka [41]

Answer:

A) horizontal

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Horizontal channel conflicts  occur when members of the same level of marketing channels have disputes or disagreements regarding the sales strategies for one or more product lines.

In this case, Amazon and Target are both retailers, and since Target felt that P&G was unfairly helping Amazon, they reacted by changing their marketing strategies for P&G's products. The conflict here is between Amazon and Target who are both in the same level of marketing channels.

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3 years ago
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