Answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vsevolod [243]
1 year ago
6

Winkler Company borrows $85,000 and pledges its receivables as security. The journal entry to record this transaction would be:

Business
1 answer:
Elina [12.6K]1 year ago
5 0

Answer:

a. Debit Cash of $85,000 and credit Accounts Receivable $85,000.

The answer and procedures of the exercise are attached in the image below.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

You might be interested in
Crane Company is preparing a cash summary budget using the data below. They have already prepared their cash receipts and cash p
atroni [7]

Answer:

Ending cash balance for November = $52,869

Explanation:

Crane Company

Cash Budget

October

November

beginning cash balance

$16,000

$40,539

expected cash receipts

$63,000

$95,000

Total available cash

$79,000

$135,539

expected cash payments

$45,000

$76,000

excess of available cash over payments

$34,000

$59,539

financing:

Borrowings

$6,539

$0

Repayments

$0

($6,539)

Interest

$0

($131.00)

Ending cash balance

$40,539

$52,869

The ending cash balance shortfall in October $40,539 - $34,000 = $6,539

Hence, the amount to be borrowed = $6,539

In November, the company has enough funds to meet its ending cash balance as well as pay-off the borrowed amount with interest.

Interest for 2 month = 6,539 x 12% x 2/12 = $130.78 or $131 (rounded off)

Note: cash is borrowed in the first day of the month, assuming the company borrows cash on October 1, and repays on November 30, interest is payable for two months.

6 0
1 year ago
All of the following are characteristics of Weberian bureaucracy except:
azamat

Answer:

b. management is the same as the ownership of the organization.

Explanation:

Weberian bureaucracy is the term used for the bureaucracy concept introduced by Max Weber, the famous sociologist and economists. He clearly stated that for any kind of administration the basic need is to maintain some standard characteristics:

Which included hierarchy as basics, therefore, it clearly distinguished the management and ownership and both are on different hierarchy.

Therefore, the correct option is:

b. management is the same as the ownership of the organization.

6 0
1 year ago
These are managers who are citizens of countries other than the one in which the MNC is headquartered or the one in which they a
svp [43]

Answer: D. Third-country nationals

Explanation:

Third-country nationals: Someone who is working with an international organization and is not a citizen of the country where the organization has it headquarters, and also not a citizen of the country where they work. The medical profession is having increase in the number of staffs who are third-country nationals especially for Nurses.

6 0
1 year ago
If the _______ are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tensio
Leto [7]

Answer:

differences within the project team

Explanation:

There are usually a lot of differences between people in a project team. This makes the team to be more diversified and if these differences are not are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tension, and suspicion and become a serious impediment to team performance. The team members are from different cultural groups and there may be issues in sharing knowledge, trust and productivity. If such issues are not tackled on time, they may become greater problems for an organization.

8 0
1 year ago
Why is it important for economists to determine the influences on a nation's real GDP?
Alex Ar [27]
I have notes but i can try.gdp is the total value of final goods and services produced in a country in one year. the income approach  of calcuating gdp is the most accurate.the expenditure of calulating gdp is the most practical. i hope this helps,not my best  subject.
3 0
1 year ago
Other questions:
  • The budget of an economy is said to be in deficit when:
    9·1 answer
  • Explain how you would value a stock. Provide an example of a valuation of a stock based on retrieved real data. Include evidence
    7·1 answer
  • Which federal law, passed in 1969, requires creditors to state the cost of borrowing as a dollar amount?
    8·1 answer
  • Taylor Equipment Repair Service is owned by Jason Taylor. Cash $ 33,700 Supplies 5,780 Accounts Receivable 12,600 Equipment 77,4
    6·1 answer
  • Who will be the next president?
    6·2 answers
  • Which of the following is being fulfilled when management compares the budget to actual? results?
    9·1 answer
  • The joint-stock company, in which individuals invested and profited in proportion to the number of shares purchased, was the pri
    10·1 answer
  • Which of the following is notan example of the potential dark side of big data?
    9·1 answer
  • Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 70:30 basis, respectively
    10·1 answer
  • Question 5 of 10 The tax rate. percentage paid on income taxes is called the marginal O A fixed O B. incremental O C. total O D.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!