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3 years ago

Do you think workers of a company need to join in a trade union? Justify your answer

Business

1 answer:

denpristay [2]3 years ago

7 0

Explanation:

Because there is no unity the would not be done properly because there is role for every one

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Exercise 5-15B Record notes receivable and interest revenue (LO5-7) On March 1, Company A provides legal services to Company B r

Alex787 [66]

Answer:

March 1: Note acceptance

Debit Note receivable $9,100

Credit Accounts receivable $9,100

(To record note receivable from Company B)

Sept 1: Cash collection

Debit Cash $9,100

Credit Note receivable $9,100

(To record cash collection of note receivable)

Debit Cash $364

Credit Interest receivable $364

(To record cash collection of interest receivable on note)

Explanation:

Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the note is calculated as: Principal x Interest Rate x Time

The total interest revenue is $9,100 x 8%/12 x 6 months = $364.

Monthly interest revenue is therefore $364 / 6 months = $60.67.

The 6 months is from March 1 to Sept. 1.

On a monthly basis, Company A would accrue for the interest revenue as follows:

Debit Interest receivable $60.67

Credit Interest revenue $60.67

(Interest accrual on notes receivable)

6 0

3 years ago

What can a person do to help increase their credit score?

goblinko [34]

Answer peoples questions and do the challenges

7 0

3 years ago

Janis starts a small quilting and embroidery business. She purchases a technologically advanced quilting machine and an embroide

QveST [7]

Answer:

B. Cash Flow problem

Explanation:

Cash flow problem occurs in a business when the business struggles to pay back debts. It happens when a business cannot longer cover its debt payments and operational expenses. It is very common in new and growing business, because during growth period in a business, expenses are larger than receivables.

Janis in this case is facing cash flow problems as she is not getting enough clients and receivables to pay back the expenses her equipment is bringing in. The major solution to cash flow problem for short term/temporary issues is Financing.

7 0

3 years ago

Which of the following is NOT a benefit of specialization and trade? Select one: a. Increase in productivity from specialization

lbvjy [14]

Answer:

b. It creates equality throughout society

Explanation:

Specialisation & Trade refer to tendency of countries to produce goods of their specialisation & trade them with each other , rather than each country producing each good.

It leads to increase in productivity from knowledge specialisation, based on advantage (absolute, comparative) based production. It also makes people better off, increase in welfare due to choice expansion among differing preferences.

However, it is not in anyways connected to equality throughout society.

3 0

3 years ago

Windsor, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo

lions [1.4K]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c Dr $264.2

To Cash A/c $264.2

(Being petty cash fund established)

2. Freight - in expense A/c Dr $75

Supplies expense A/c Dr $40

Postage expense A/c Dr $48

Loan to employees A/c Dr $32

Miscellaneous expense A/c Dr $51

Cash over and short A/c Dr $2.9

To Cash A/c Dr $248.9 ($264.2 - $15.3)

(Being disbursement of cash recorded)

3. Petty Cash A/c Dr $115

To Cash A/c $115

(Being increase in petty cash recorded)

5 0

3 years ago