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ella [17]
2 years ago
12

Giorgio Italian Market bought $8,000 worth of merchandise from Food Suppliers and signed a 90-day, 10% promissory note for the $

8,000. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.)
Business
1 answer:
Mekhanik [1.2K]2 years ago
4 0

Answer and Explanation:

The journal entry is shown below:

Cash $8,200

      To  Notes receivable  $8,000

      To Interest revenue ($8,000 × 10% × 90 days ÷ 360 days)  $200

(being the collection of notes is recorded)

For recording this we debited the cash as it increased the asset and credited the notes receivable and interest revenue as it decreased the assets and increased the revenue

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When Samantha, manager at ABC International, seeks and receives information from both web and industry journals, she is acting a
Brilliant_brown [7]

Answer:

D.monitor.

Explanation:

Samantha was acting as a monitor, when she seek and receives information from both web and industry journal.

Manager has multiple role to perform in the corporates as they need to monitor the information, which goes around their department or unit. Managers play a vital role of receiving the informations about internal and external events before transmiting it to other. Therefore, they need to monitor all source of information from the industry.

One author of management have  categories  the manager role into three major role:

  • Interpersonal role
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Monitor fall into the sub category of informational role.

3 0
2 years ago
Given the following information, determine if one of the brands is a better buy.
valentina_108 [34]
Your answer is:
B. Brand A is the better buy.
Why?
This is because if you divide 33.18 by 14 you get 2.37. If you do the same with Brand B, you get 2.40
8 0
2 years ago
Read 2 more answers
At the beginning of the month, Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end o
finlep [7]

Answer:

The adjusting entry that should be recorded at the end of the accounting period:

Debit Unearned revenue $500

Credit Revenue $500

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end of the month, $300 worth of services were still owed to the customer.

The value of services were performed = $800 - $300 = $500.

The adjusting entry:

Debit Unearned revenue $500

Credit Revenue $500

6 0
2 years ago
Ashley received a raise at work that increased her monthly income from $1,000 to $1,250. Last year, Ashley bought 20 slices of c
zysi [14]

Answer:

0.8; normal

Explanation:

8 0
1 year ago
Individual employees have little influence over ethical expectations and behavior.a. Trueb. False
Oksana_A [137]

Answer:

False.

Explanation:

In Business management, it is very important, essential and necessary that the top executives or management of an organization design, develop and establish a set of ethical codes, principles, laws, rules, regulations and standards that serve as guidelines, procedures and moral compass to all the employees working in an organization. These set of rules help the employees to understand what is acceptable or allowed while working with the company, as well as understanding the difference between right and wrong behaviors in their actions and decision-making.

Hence, individual employees do not have any influence over ethical expectations and behavior because it is out of their control and are primarily being defined by the top executives or management of the company.

5 0
2 years ago
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