Reference no: EM13915409
Jax Recording Studio purchased $6,000 in electronic components from Music World. Jax signed a 120-day, 8% promissory note for $6,000. Music World's journal entry to record the sales transaction is:
a Debit Notes Receivable $6,000; credit Sales $6,000
b Debit Notes Receivable $6,000; debit Interest Receivable $160; credit Sales $6,160
c Debit Accounts Receivable $6,160; credit Sales $6,160
d Debit Notes Receivable $6,160; credit Sales $6,160
e Debit Accounts Receivable $6,000; credit Sales $6,000
|
Critical element of entrepreneurship
: A critical element of entrepreneurship (as opposed to managerial skills) is
|
|
Select one company not named fedex or ups
: In the paper, focus on the history of the company, the type of services they provide, where they are based out of (hubs), what type of aircraft they use, etc. In other words, paint a simple picture of the airline for someone who may not have ever hea..
|
|
Indifferent in money market hedging-forward market hedging
: XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank in Tokyo. The current spot rate is ¥116/$1.00. The annual interest rate is 3 percent in Japan and 6 percent in the United ..
|
|
How has price discrimination affected total surplus
: A monopolist has two sets of customers. The inverse demand for one set may be described by P=200-X. For the other set, the inverse demand is P=100-2X. The monopolist faces constant marginal cost of 40.
|
|
Journal entry to record the sales transaction
: Jax Recording Studio purchased $6,000 in electronic components from Music World. Jax signed a 120-day, 8% promissory note for $6,000. Music World's journal entry to record the sales transaction is:
|
|
Cause the industry to be considered highly concentrated
: A particular industry was initially segmented evenly among 20 firms (Phase 1). Five years later, the industry was still evenly segmented among competing firms, but there were now only 10 firms (Phase 2). What is the Herfindahl-Hirschman Index (HHI) f..
|
|
Processes your mortgage request
: There is the possibility that you may have to pay as much as $50,000 as part of a settlement. The issue will not be resolved before the bank processes your mortgage request.
|
|
What is the accounting break-even quantity
: A project has the following estimated data: price = $79 per unit; variable costs = $46.61 per unit; fixed costs = $5,600; required return = 12 percent; initial investment = $6,000; life = six years. Ignore the effect of taxes. What is the accounting ..
|
|
What profit does ns make in each market
: Nonlegal seafoods (NS) sells its excellent clam chowder in boston, new york and washington. NS has estimated that the demands in these three markets are respectively QB = 10,000 - 1,000PB , QNY= 20,000 - 2,000 PNY , QW = 15,000 - 1,500 PW , where qua..
|