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Stells [14]
3 years ago
8

Kirk Furniture factors $800000 of receivables to Sulu Factors, Inc. Sulu Factors assesses a 4% service charge on the amount of r

eceivables sold. Kirk Furniture factors its receivables regularly with Sulu Factors Factors. What journal entry does Kirk make when factoring these receivables?
Business
1 answer:
Simora [160]3 years ago
6 0

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $768,000

Service Charge Expense A/c $32,000

         To Accounts Receivable A/c $800,000

(Being the cash is received and the remaining balance is debited to the cash account )

The computation of the service charge expense is shown below:

= Accounts Receivable  × service charge percentage

= $800,000 × 4%

= $32,000

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A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do
maxonik [38]

Answer:

FALSE

Explanation:

It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.

The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.

A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue

3 0
3 years ago
Today, Jamie, a police officer with a big-city force, apprehended a suspect fleeing the scene of a convenience store robbery. Th
valkas [14]

Answer:

The correct answer is E

Explanation:

Adaptive task performance usually acknowledged as the adaptability, which is comprise of the employee responses to the task demands that are unusual, novel or very least or unpredictable.

It involves such behaviors handling the crises or the emergencies situation or circumstances.

So, in this case, Jamie, the police officer suspect scene of store robbery and the suspect ran and other officer arrived on the scene and take him down. Later, the Jamie state the situation to family and this is an example of adaptive task performance.

8 0
2 years ago
Which matter is considered when calculating a country's balance of payments?
Mariulka [41]

The matter that will considered when calculating a country's balance of payments is the military expenditures.

<h3>What is a balance of payments?</h3>

This refers to the balance of international payments. This is athe statement of all transactions made between entities in one country and the rest of the world over a defined period such as during a month, quarter, year etc.

The balance of payments summarizes all transactions that a country's individuals, companies, government bodies complete with individuals, companies, and government bodies outside the country.

These balance of payments helps to measures the inflows and outflows of money from sectors such as tourism, foreign aid, military expenditures and foreign investments as well as flows resulting from exports and imports.

Hence, the matter that will considered when calculating a country's balance of payments is the military expenditures.

Therefore, the Option A is correct.

Read more about balance of payments

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8 0
1 year ago
Which type of decision maker over-analyzes a given piece of information?
Talja [164]
B...................
7 0
3 years ago
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Traditional store-based retailers are placing more emphasis on other channels and evolving into ______.
jeyben [28]

Traditional store-based retailers are placing more emphasis on other channels and evolving into online-based business as well as store-based. As times change within society, businesses have to adapt and change so that they grow with their customer base. Although they can still focus on their store-based business, they usually have a split group of people who also prefer to shop within other channels.

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3 years ago
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