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Leona [35]
3 years ago
8

Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transactio

n by debiting
A. Notes Receivable and crediting Accounts Receivable.

B. Notes Payable and crediting Accounts Payable.

C. Accounts Receivable and crediting Notes Receivable.

D. Accounts Payable and crediting Notes Payable.
Business
2 answers:
victus00 [196]3 years ago
6 0
Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting <span>Accounts Payable and crediting Notes Payable.

Hope this helps!!</span>
Olegator [25]3 years ago
6 0

C. Accounts Receivable and crediting Notes Receivable.

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Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials co
pickupchik [31]

Answer:

Option (B) $3,570 unfavorable

Explanation:

Data provided in the question:

Direct materials standard (6 lbs. @ $2/lb.) =  $ 12 per finished unit

Actual direct materials used = 243,000 lbs.

Actual finished units produced = 40,000 units

Actual cost of direct materials used = $483,570

Now,

Total direct materials variance

= Budgeted cost of direct material - Actual cost of direct materials used

= ( 40,000 × $12 ) - $483,570

= $480,000- $483,570

= - $3,570

The negative value depicts Unfavorable

Hence,

Option (B) $3,570 unfavorable

5 0
3 years ago
Review the following statements regarding a petty cash fund used in a business. Select the one that is correct. Multiple choice
valentinak56 [21]

Answer:

Only the petty cashier is responsible for paying cash from the fund.

Explanation:

A petty cash fund can be regarded as small amount of cash that is kept on hand or kept in a locked drawer which could be used in payment for minor expenses. These expenses could be office supplies expenses or reimbursements. There should be periodic reconciliations for a petty cash fund, and the transactions should also be recorded on the financial statements. As regards to petty cash fund used in a business, Only the petty cashier is responsible for paying cash from the fund.

3 0
3 years ago
HH is a 68 yo M who has been admitted to the medical ward with community-acquired pneumonia for the past 3 days. His PMH is sign
Pachacha [2.7K]

Answer: weakened host immune system and other factors like his anti-hypertensive medications predisposed Mr HH to community acquired pneumonia.

Explanation:

Having a past medical history of

Chronic Obstructive pulmonary disease (COPD), Hypertension, Hyperlipidemia and diabetes, Me HH has a higher risk of developing community acquired pneumonia through the following ways...

Having a past medical history of Chronic obstructive pulmonary disease ascertains that he might have the bacteria Streptococcus pneumoniae, Haemophilus influenzae, Chlamydia pneumoniae, Mycoplasma pneumoniae, and Legionella pneumophila which are the main causative organism of pneumonia and therefore will vkme down with community acquired pneumonia once the immune system is compromised.

Hypertension predisposes Mr HH to community acquired pneumonia through the use of certain anti-hypertensive medications like calcium channel blockers which tends to decrease phagocyte function and host defence.

Digoxin a cardiac glycoside decreases the clearance of pneumococci from lower respiratory tree.

Delayed emptying of the stomach with comes with diabetes can lead to aspiration this further resulting In pneumonia (community acquired pneumonia)

Diabetes and Hyperlipidemia impairs neutrophils and monocytes (macrophages) function thereby wearing the host immune response and further encouraging micro organisms that cause pneumonia to thrive.

8 0
3 years ago
Choose the answer The creation of the internet has impacted many parts of society, including which of the following? choose the
Anettt [7]

Answer:

D, all of the above.

Explanation:

Because of the internet, we have online shopping apps, educational websites such as Google Classroom, and means of advertising one's business online.

6 0
3 years ago
You would like to combine a risky stock with a beta of 1.5 with U.S. Treasury bills in such a way that the risk level of the por
astra-53 [7]

Answer:

66.67 %

Explanation:

The computation of the percentage of the portfolio should be invested in Treasury bills is shown below:-

Let us assume beta be x

So the equation would be

Percentage of portfolio = x × (Beta of stock) + (1 - x) × (Beta of T - Bills) - 1

= x × (1.5) + (1 - x) × (Beta of T - Bills) - 1

1.5x + (1 - x) × (Beta of T - Bills) - 1

1.5x + 0 = 1

x = 1 ÷ 1.5

= 0.67

or

= 66.67%

7 0
4 years ago
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