I'm sorry but is it market system/market economy
Answer:
Printer set up error
Explanation:
The best internal control to detect this error, is to do a quick check on the printer set.
Unit pricing can be used in various types of contracts to require the buyer to pay the supplier a predetermined amount per unit of service.
Answer: B
Before any actual work is begun you need to have a formal application so there’s something to be worked with.
Answer:
Cash account in the amount of $10,100
Explanation:
The journal entry to be recorded for the receipt of payment is as:
Cash A/c.............................................Dr $10,100
Note receivable A/c...................Cr $10,000
Interest Revenue A/c..................Cr $100
Being recoded the receipt of payment
As payment is received so asset is increasing and any increase in asset is debited. Therefore, cash account is debited. And the note receivable got decrease will be credited and the interest revenue is also credited.
Computation of interest revenue is as:
Interest revenue = Amount × % of note × Days / Number of days in a year
= $10,000 × 6% × 60 / 360
= $100
Note: Assume 360 days in a year
