Who is Ackerman? A. Levi B. Petra C. Erwin

Moss County Bank agrees to lend the Sandhill Co. $455000 on January 1. Sandhill Co. signs a $455000, 6%, 9-month note. The entry

FromTheMoon [43]

Answer:

See below

Explanation:

The journal entry for the issuance of the note proceed is shown below;

Cash A/c Dr $455,000

----------- To Notes payable A/c Cr $455,000

(Being the issuance as well as proceeds of the note that is recorded)

Cash account is debited because it is increasing and any increase in asset is debited. Also, the note will become payable which leads to increase in liability and an increase in liability is credited hence why note payable is credited.

• Note that other things like interest rate, duration are not considered because we were asked to pass the journal entry for the issues of notes not for any interest expense, reason why it was ignored.

8 0

3 years ago

This step in international market research often relates to the cost of collecting primary data that can address the research pr

shepuryov [24]

Answer:

assessing the costs and benefits of the research.

Explanation:

When a researcher embarks on a project and discovers that the costs of collecting the primary data overruns the benefits to be derived from the research, the researcher should reconsider whether to collect the primary data or not. Researchers regularly assess the costs and benefits of collecting primary data before fully embarking on data collection. If the costs outweighs the benefits of the data collected, then it is not beneficial to use primary data. Instead, the researcher can rely on secondary data. For every project, the costs and benefits are important considerations that determine whether a research or project goes ahead or not.

5 0

3 years ago

Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During Jun

Leya [2.2K]

Answer:

The accounting equation holds as follows:

Asset = Liabilities + Equity = $80,000

Explanation:

Note: See the attached excel file for the analysis of the Effect of June Transactions on the Accounting Equation

From the last balances in the attached excel file, we have:

Assets = Cash + Receivable + Equipment = $41,000 + $8,000 + $31,000 = $80,000

Liabilities = Payable = $0

Equity = M. Chen, Capital - M. Chen, Withdrawals + Revenue - Expenses = $75,000 - $1,000 + $10,500 - $4,500 = $80,000

Liabilities + Equity = $0 + $80,000 = $80,000

Therefore, the accounting equation holds as follows:

Asset = Liabilities + Equity = $80,000

Download xlsx

4 0

3 years ago

A city block has several different clothing stores that offer a variety of options

pickupchik [31]

Answer:

C. Monopolistic competition

Explanation:

Monopolistic competition describes a type of market structure with many firms competing, but each sells a slightly different product. In this case, there are several stores offering a variety of products to customers. This implies competition among sellers and differentiated products. Other features that identify a monopolistic competition include

A large number of buyers and sellers:
There are no restrictions to entry and exit of Firms:
sellers have differentiated Products
Each firm can set its price.

5 0

3 years ago

Read 2 more answers

Which of the following is correct?

goldfiish [28.3K]

Answer:

Option (B) is correct.

Explanation:

Gross domestic product (GDP) deflator determines the prices of all the good and services produced within the nation whereas consumer price index (CPI) calculates the price of goods and services that are bought by the consumers.

GDP deflator only includes the goods and services that are produced domestically which means that it doesn't include imported goods but in case of CPI, it includes the price of all the imported goods that are bought by the consumers.

Therefore, above are the reasons why CPI is better than GDP deflator at indicating the prices of the goods and services that are bought by the consumers of a nation.

4 0

3 years ago

Who is Ackerman? A. Levi B. Petra C. Erwin​

Who is Ackerman? A. Levi B. Petra C. Erwin