Answer:
Explanation:
The journal entry is presented below:
On January 2
Bond payable A/c Dr $1,500,000
To Cash A/c $1,500,000
(Being the redemption of the bonds is recorded)
The discount on bonds payable would be matured on the date of maturity so in this case the face value would be recorded and it is equaled to the carrying value
U<span>pon receiving the $21,600 payment of the client, Capitol should recognize a deferred revenue. Deferred revenue </span>is<span> the receipt of compensation when the services are</span> <span>not yet rendered. </span>Since they<span> started on September 1, </span><span>they </span>have rendered four months of service to the client until December 31. The rate of their services is $2,400 per month. Therefore, they have earned $9,600 for the current year. This is the adjusting entry to recognize revenue for the year:
Deferred Revenue 9,600
Service Revenue 9,600
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Answer: Businesses sell goods and services in product markets.
Explanation: Circular flow diagram shows the flow of goods and services from Firms to the Households and Factors of production from the Households to the Firms. The firms money from the sale of those goods and services and the households get factor payment.
Thus, Business are sell goods and services in product markets in a circular flow diagram.
Organisations should not be scared in this because it was found that investing in enterprise project management for IT projects is extremely important. Not only can it save the company time, money, and resources, enterprise project management can help manage multiple projects concurrently. This can keep the company organized and efficient as they carry out projects simultaneously.
<span>Entrepreneurs are considered to be both spark plugs and catalysts of the free enterprise economy because of a number of reasons. Everybody benefits and profits when an entrepreneur becomes successful. When an entrepreneur opens his or her search for profits, the effects would be a chain of events where new products, greater competition, more production, higher quality, and lower prices for consumers can be observed. An entrepreneur is said to be a spark plug in the free-market for there is that vision of providing a product or a service that people are willing to pay for, combined with the ability to produce that product or service at a cost below the market sales price which propels him/her to take action. Capitalism will not work if it were not for the entrepreneurs who take the risks and start the businesses that produce the goods and services we all enjoy.</span>
