1answer.
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
xeze [42]
2 years ago
10

Ted Catering received $920 cash in advance from a customer for catering services to be provided in three months. Determine the g

eneral journal entry that Ted Catering will make to record the cash receipt. Multiple Choice
Business
1 answer:
pogonyaev2 years ago
5 0

Journal entry

Date             account and explanation           Debit        credit

                       Cash                                           920

             Unearned catering revenue                                 920

A magazine entry is a record of a business transaction for your business books. In double-entry bookkeeping, you're making a minimum of two magazine entries for every transaction. Due to the fact, that a transaction can create a variety of changes in an enterprise, a bookkeeper tracks all of them with magazine entries.

An example of journal access consists of the purchase of machinery through us of an in which the machinery account will be debited, and the cash account can be credited.

An instance of a magazine is a diary in which you write approximately what takes place to you and what you're questioning. An instance of a magazine is the new England magazine of medication, in which new research is posted which might be applicable to doctors and medicinal drugs.

Learn more about the Journal entry here brainly.com/question/14279491

#SPJ4

You might be interested in
In a criminal tax case, Darth Vader was charged with several counts of tax evasion and filing a false income tax return, stemmin
Vitek1552 [10]

Answer:

<em>Darth's response is not adequate as he has systemically illegitimately manipulated the Jedi's assets to evade taxes. Therefore all those funds in question will be taken into account when measuring Jedi's taxable income. </em>

It can be inferred after that that that the Jedi has some existing gain / retained earnings or not.

<em>When Darth considers himself guilty, he shall be liable for charges of fine, reward and prosecution under sec.7201.</em>

<em></em>

7 0
3 years ago
What kind of policy can a company implement that can help diminish the activity of sending unsolicited email?
klemol [59]

Answer:

anti-spam policy

Explanation:

Spam emails are unsolicited emails that are usually sent to a large number of people. Therefore, if the company is trying to reduce unsolicited emails (spam) it should carry out an anti-spam policy.

The problem with spam is that it creates a negative image of the company, since current or potential clients can get annoyed by receiving so many unsolicited emails with advertisements or promotions. Instead of helping the company, spam email damages its.

8 0
2 years ago
Outsourcing strategies: Select one: a. Carry the substantial risk of raising a company’s costs. b. Carry the substantial risk of
Simora [160]

Answer:

The correct answer is letter "C": Involve farming out value chain activities presently performed in-house to outside specialists and strategic allies.

Explanation:

Outsourcing refers to a practice that companies engage in to take their operations abroad to lower production costs and avoid being subject to stiff regulations that might harm their profits. <em>Under this approach, firms value chain activities handled in their original country are taken to countries where the manufacturing and labor costs are much lower with and relatively similar qualified workforce and suppliers.</em>  

Outsourcing might harm the employment rate in the domestic country of the company handling operations abroad but could benefit the outsourced nation by introducing job opportunities where there may not even be basic labor conditions.

8 0
3 years ago
Phillips industries runs a small manufacturing operation. for this fiscal year, it expects real net cash flows of $197,000. the
Stolb23 [73]

Answer: Present value of the cash flows of the company is $1,158,824.

Explanation: Philips industries have the cash flow for $197,000. The industry needs to find the present value of the cash flow and the cash flows growth is decreasing every year by 6%.

The present value of the cash flows for perpetuity with decreasing growth rate is:

Present value = Cash flow for year 1 (C1) / (discount rate - growth)

where, Cash flow for the year 1 (C1) = $197,000

Discount rate (r) = 11%

Growth rate (g) = -6%

Present value of the cash flows (PV) = $197000/[0.11 - (-0.060)]

Present value of the cash flows (PV) = $197000/0.17

Present value of the cash flows (PV) = $1,158,824

Therefore the present value of the cash flows of the company is $1,158,824.

8 0
3 years ago
Qualities of the mind<br><br>​
Pani-rosa [81]
Metta (lovingkindness/friendliness), karuna (compassion), mudita (empathetic joy), and upekkha (equanimity).
8 0
2 years ago
Other questions:
  • A corporation has $7,000,000 in income after paying preferred dividends of $500,000. The company has 1,000,000 shares of common
    6·1 answer
  • Touching your nose is an example of?
    10·2 answers
  • Which of the following industries have been deregulated in recent years
    15·2 answers
  • Select all the items that describe a free market economy.
    15·2 answers
  • Outsourcing:
    10·1 answer
  • At December 31, 2020, Ivanhoe Corporation had a deferred tax liability of $26,800. At December 31, 2021, the deferred tax liabil
    14·1 answer
  • The ________ is the fraction of earnings reinvested in the firm.
    14·1 answer
  • How should an organization think about cyber defense? What are the limits of a ‘perimeter-oriented’ security posture?
    7·1 answer
  • Latona Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledge
    10·1 answer
  • The money supply (Ms) in the economy is defined as the circulation of money (that consists of currency coins, paper notes, and b
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!