Answer:
The required journals to be recorded are as follows:
On January 10:
Debit Accounts receivable $20,900
Credit Sales revenue (credit) $20,900
<em>(To recognize account receivables on merchandise sale)</em>
On February 9:
Debit Notes receivable $20,900
Credit Accounts receivable $20,900
<em>(To reclassify accounts receivable to notes receivable)</em>
On March 9:
Debit Interest receivable $174.17
Credit Interest revenue $174.17
<em>(To record interest on notes receivables [</em>$20,900 x 10%/12]<em>)</em>
Explanation:
- First, on January 10, when Metlock Inc. sold merchandise on account to Monty Co., Metlock has to recognize an accounts receivable because the sales transaction was on account.
- However, since Monty gave a 10% promissory note, Metlock has to record the same by reclassifying the initially recognized accounts receivable to notes receivable, since that is what the company is expecting.
- The 10% on the promissory notes means Metlock would be recognizing the amount in its interest revenue.
I think we ignore taxes like sales and property and fund things we really like because if money is put into places that consumers are going to spend money, the government ends up making more long term. Although, the money is then sometimes spent where people don't always agree, it still allows for more money to be generated overtime.
Answer: A company maintains a website that provides information about its products and that provides an address or number that a customer can contact to obtain an order form to purchase products directly from the company.
Explanation:
With different states having varying laws but yet still sharing a lot of business interests, it is important that the states know when they can have jurisdiction over a person.
Minimum contacts is the solution and is used to determine whether an entity has sufficient contacts in a state to warrant jurisdiction over them.
Simply having a website that can be accessed by people in a state does not fall under the provisions required for minimum contact to be met so the courts in this state cannot have personal jurisdiction over this company.
Answer:
Explanation to this Answer is explained below in detail.
Explanation:
There is always a need to have an important control upon the decisions that we have in the business setup. Informed decision making is very necessary for business. People use different decision setups designed to help in the manufacturing process and most often come up with very fruitful decisions.
Describe one of the variables associated with risk tolerance:
One of the cultural factors associated with risk tolerance may be the threshold for when we can make decisions that are not detrimental to the cultural view of groups. We need to carefully consider our employees and make sure that our decisions are not too objective. Cultural-emotional bias can lead to decisions that can damage brand ownership throughout the business. This is very dangerous and detrimental for any company, so it is necessary to limit decisions and their consequences in terms of cultural sense to avoid any losses.
Describe one of the variables associated with internal/external locus of control:
The internal locust of control is the kind of person who is the best fit for all the jobs. So it is obvious that this person has some control over others. But there are some do's and don'ts for such kind of person as well. Such as, he has to communicate with almost everyone in the workplace. So, he must ensure neutrality in all aspects of other people with whom he is working. Such aspects are religion, race, caste. society etc. and his humor must not harm the emotions of anyone in the workplace.
Why are these important factors to consider?
In order to run business smoothly with maximum profits and best workforce and the best workplace. Effective decision making is the key to go. Hence, these variables are very important to achieve the effective business decision making in the long term.
<span>(30 * (10*100*6) * .08 ) / 1000 = Cost of electricity is $14.40</span>
