Answer:
(A). A Debit to Notes Payable for $960
Explanation:
In case of a promissory note, there are three parties to it, namely,
- Maker i.e Jones here
- Payee, to whom money is to be paid i.e the bank here
- Holder i.e the one who currently holds the promissory note i.e the bank here
Upon issue of promissory note, in the books of the maker (Jones), the entry is,
Name Of The Bank A/C Dr. $960
To Notes Payable A/C 960
(Being a promissory note issued to bank against a payment of $960)
Upon maturity i.e date of payment, the entry would be,
Notes Payable A/C Dr. $960
To Cash/Bank A/C 960
(Being payment of promissory note honored)
Thus, the correct answer would be, (A) a debit to notes payable account for $960.
Answer:
b. $3,350,000
Explanation:
<em>Long-Term Liabilities:</em>
Bonds Payable $3,000,000
Notes Payable $165,000
Mortgage Payable $185,000
Total Long Term Liabilities $3,350,000
Answer: Opportunity cost
Explanation:
A. Opportunity cost can be defined as the next best alternative foregone , it is the cost of profit the business looses while choosing one alternative over other.
B. Fixed cost are those cost that do not change with the level of output produced in the firm.
C. In simple words the direct costs a business pay to the outsiders for running its operations is called explicit cost.
D. Total revenue is the amount of income a company has before deducting its expenses occurred to earn that income.
So from the above explanations we can conclude that value of a business owner's time is an example of opportunity cost.
Answer: Megabus being a late mover in the US, has allowed the company to learn from past mistakes by companies such as Greyhound, who filed for bankruptcy in the mid 90's and who lost most of it's business due to poorly maintained terminals, high prices for fares and unsafe conditions. Mega bus's advantages include fares as lows as 1 dollar, free wi-fi, stylish buses and power outlets. They Can offer these low fares since the company eliminated purchase Windows for tickets, selling tickets online only and by eliminating expensive terminal operations by dropping off and picking up riders at sidewalk stops like public bus operators. There are few disadvantages besides the fact that rising gas prices affect travel and low fare prices affect revenue if quantity is not met .
Advantages - 1. Affordable 2. Pretty scenery 3.You get what you paid for
Disadvantages-1. Uncomfortable 2. It’s Either Freezing or Sweltering 3. Odd People
2. Yes it has own Overwhelming resources and capabilities 3. Train
Explanation:
For a competitive retailer to get a consumer's patronage, they should implement strategies of attracting their consumers of which will likely gain their support and make their consumers many than of their competitors. An example of this is by having to offer discounts in means of attracting other consumers to buy their products as a means of having to gain their support.
