Answer:
<u>November 1</u>
Loaned $18,600 cash to Manny Lopez on a 12-month, 10% note.
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Dr Notes receivable 18,600
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Cr Cash 18,600
<u>December 11</u>
Sold goods to Ralph Kremer, Inc., receiving a $47,250, 90-day, 8% note.
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Dr Notes receivable 47,250
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Cr Sales revenue 47,250
<u>December 16</u>
Received a $58,200, 180 day, 9% note in exchange for Joe Fernetti’s outstanding accounts receivable.
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Dr Notes receivable 58,200
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Cr Accounts receivable 58,200
<u>December 31</u>
Accrued interest revenue on all notes receivable.
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Dr Interest receivable 728.25
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Cr Interest revenue 728.25
How to calculate interest:
Lopez: $18,600 x 10% x 2/12 = $300
Kremer: $47,250 x 8% x 20/360 = $210 (using a 360-day year; 20 days)
Fernetti: $58,200 x 9% x 15/360 = $218.25 (using a 360-day year; 15 days)
Total $728.25
Answer:
<em>D. Programmed</em>
Explanation:
A programmed decision <em>is a repeated or recurring decision which can be made in accordance with established rules or procedures. </em>
Such types of assessments are often requested in a regular process at certain stages and are taken on the basis of criteria known and easy to identify.
Answer is the threat of substitute products or services.
Rivalry among the existing competitors was not a significant factor in the BlackBerry's downfall because they were not able to produce any form of alternative to the iPhone, and the users switched from the BlackBerry phones to the iPhones. The danger of replacement products is one of the Porter's five factors, and it indicates that there are alternative items that are likely to steal the company's market share. The downfall of the BlackBerry was caused by the substitute product in the shape of the iPhone.
All of the other allegations are untrue because there were no new entrants and the suppliers threatened because they were unable to upgrade their product.
Therefore, (B) Threat of substitute products or services is the correct answer is the correct answer.
To know more about porter five forces analysis click here:
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Answer:
a) Assets and expenses
Explanation:
As we know that
The debit portion report assets and expenditures side while sales revenue, stockholder equity, and the liability side are reported in the credit portion.
So by above information, we can conclude that the assets and expenses have a normal debit balance, while other options involves both accounts credit balance or one account has a debit balance and the other account has a credit balance
