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2 years ago

Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the?

1 answer:

6 0

Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the <u>service industry</u>.

Service industry is an industry in the part of the economy that creates services rather than tangible objects. These service industry provides a service but does not produce anything.

The industries based on service are an important part of society for a variety of reasons, including- delivering essential services to the public. Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the service industry. These services too generate income.

Hence, service industry play an important role in society.

To learn more about Service industry here:

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How did conglomerates and franchises evolve in the postwar economy?

RideAnS [48]

How these conglomerates and franchises evolved in the postwar economy is that they relied more on incomes so that they could defend themselves from economic downturns. In addition, franchises had only expanded to other regions or areas of the country. Hope this helps.

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3 years ago

On December 28, I. Greasy Catering Company completed $600 of catering services. As of December 31, the customer had not been bil

nikdorinn [45]

Answer:

a. Debit Accounts receivable for $600

Explanation:

As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -

Accounts receivable (Debit) $600

Revenue (Catering) (Credit) $600

Accounts receivable is debit because the company owes the amount from the customers.

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4 years ago

Styling Shoes, LLC, filed its 20X8 Form 1065 on March 15, 20X9. Styling had three members with the following ownership interests

Liono4ka [1.6K]

Answer:

$31,250.

Explanation:

(100,000 + 15,000 + 3,000 + 12,000 - 25,000 + 105,000) * 25% + 5,000 = 31,250

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3 years ago

Which of the following budgetary entries would the town of Geneva make upon adoption of its Special Revenue Fund Budget for the

babunello [35]

Answer:

b) Estimated Revenues Appropriations Budgetary Fund Balance $6,400,000 $6,080,000 320,000

Explanation:

Estimated Revenues $6,400,000 Dr

Appropriations $6,080,000 Cr

Budgetary Fund Balance $320,000 Cr

This entry is made on the adoption of Special Revenue Fund Budget for the year.

The special revenue fund is used for the special purposes such public maintenance etc.

The entry made on closing

Close out the budget at year end

Appropriations $ 6080,0000 Dr

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4 years ago

If the public decides to hold more currency and fewer deposits in banks, bank reserves a. decrease and the money supply eventual

katovenus [111]

A. Decreases and the money supply eventually decreases

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3 years ago