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1 year ago

10

Question Mode Multiple Choice Question The total interest that accumulates over time on both the principle money deposited and a

ccumulating interest in an interest-bearing savings account is known as ______ interest.

1 answer:

Dvinal [7]1 year ago

6 0

It’s know as the bank

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Air France collected cash on February 4 from the sale of a ticket to a customer on January 26. The flight took place on April 5.

expeople1 [14]

Answer:

Air France should have recognized the Revenue in month of APRIL.

Explanation:

According to the revenue recognition concept the revenue should be recognized when it is realizable. When goods or services are tranferred or rendered to the customer. It doesn't matter matter when the payment is received. Payment received in advance should be recorded as unearned revenue rather as revenue. On the other hand payment doesn't received until the transfer of goods or services, a receivable will be made in result of revenue recognition entry. Air France should recognize the revenue on April 5, when the flight took placed and services are performed. Sale of ticked on January 26 will be recorded as unearned revenue and a receivable on the other hand. The receivable will be adjusted on February 4 when cash is received and the revenue will be recognized on April 5 when flight took place.

7 0

3 years ago

Prist Co. had not provided a warranty on its products, but competitive pressures forced management to add this feature at the be

Naddika [18.5K]

Answer:

Event 1:

Debit Warranty expense for $8.416.

Credit Warranty liability $8,416.

Event 2:

Debit Warranty liability for $8,416.

Debit Warranty expenses for $11,484.

Credit Cash for $19,900.

Explanation:

Estimated warranty liability = $4,208,000 * 0.2% = $8,416.

Excess of actual and over extimated warranty liability = $19,900 - $8,416 = $11,484

The journal entries will look as follows:

<u>Details Dr ($) Cr ($) </u>

Warranty expense 8.416

Warranty liability 8,416

<em><u>(To record the estimated warranty liability). </u></em>

Warranty liability 8,416

Warranty expenses 11,484

Cash 19,900

<em><u>(To record actual warranty cost). </u></em>

8 0

3 years ago

Long-term capacity plans deal with: a) investments in new facilities. b) workforce size. c) inventories. d) overtime budgets.

kaheart [24]

Answer:

The correct answer is a) investments in new facilities.

Explanation:

Business investment is the main way to obtain benefits in the short, long or medium term. For this, it is necessary to invest a certain capital in business or activities that allow the investor to increase it over time.

In the case of financial investment, capital is used to acquire securities, securities and other financial documents through which to obtain a benefit through the interest earned on them.

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3 years ago

Ocean House must use various metrics to measure the benefits of its human capital in order to determine the effectiveness of its

Anettt [7]

Answer:

a. Human capital return on investment

Explanation:

Human capital return on investment -

It helps to determine the profit return of the company or organisation on the per unit expenditure on the employees , is referred to as the Human capital return on investment .

It is basically the interconnection between the profit of the company and the cost on the workforce .

hence , from the given scenario of the question,

The correct option is a. Human capital return on investment .

5 0

2 years ago

Who wanna tlk im boooored

Lana71 [14]

Answer:

sure why not

Explanation:

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2 years ago

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