On December 1, 2019, Pinewood Company sold machinery to a customer for $2,000. Pinewood regularly sells machinery. The customer could not pay at the time of sale but agreed to pay 9 months later and signed a 9-month note at 12% interest. Prepare the journal entry to record the revenue at the time of sale. Ignore the entry for cost of goods sold. Omit explanation.

What will be an ideal response?


Business

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The four research designs are exploratory, exploitive, descriptive and longitudinal

Indicate whether the statement is true or false

Business

______ conditioning behaviors are direct because the learning occurs as a result of something happening directly to the employee.

A. Operant B. Classical C. Plateau D. Competency

Business

Once established, company cultures can be perpetuated by

A. relying on word-of-mouth indoctrination and the power of tradition to instill the culture's fundamentals, as well as frequent reiteration of core values by senior managers and group members, and regular ceremonies honoring members who display desired cultural behaviors. B. making cultural values and beliefs the centerpiece of the company's competitive strategy. C. avoiding frequent or dramatic reorganizations that could disturb existing relationships and networking among departments and company personnel. D. rewarding departments that observe cultural norms with above-average budget increases and penalizing those who don't with budget cuts. E. making adherence to cultural beliefs and cultural norms the defining features of the company's strategic vision.

Business

Six Sigma processes

A. consists of a disciplined, statistics-based system aimed at producing not more than 10 defects per million iterations for a manufacturing or assembly process. B. can be used for improving products or business processes but not for developing new products or new processes. C. can be used for both improving existing business processes and for developing new processes or products. D. are based on three principles: (1) all work is a statistically controllable process; (2) no well-controlled process allows variability; and (3) defect-free work requires tight statistical controls. E. can be used for developing new products or new business processes but not for improving existing products or business processes.

Business