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Roman55 [17]
2 years ago
15

Accrued are earned in a period that are both unrecorded and not yet received in cash.

Business
1 answer:
tatyana61 [14]2 years ago
5 0

Accrued income is the income that is earned but has not yet been received by the company.

<h3>What is Revenue?</h3>

Revenue is the income earned by a company, this is the sole reason for the existence of the company and company ensures that the expenses incurred by the company are less than the income earned so that the company stays to compete in the market.

Accrued income is the income for which the company have fulfilled its performance objectives which means the company have provided goods or services but the cash / income is not yet received by the customer, and it will be received in the future.

The company records a double entry for the accrued income and receivable, when cash is received this entry is reversed and sales and cash received is recorded. The accrual recording is a key task and should be performed by expert individuals.

Learn more about Revenue at brainly.com/question/27333811

#SPJ1

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On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The
lorasvet [3.4K]

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable  × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

4 0
3 years ago
Good name for an online pet store?
Vesna [10]
Home of pets !!!
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3 0
2 years ago
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Paw Salon currently services an average of 74 pets per day. Observations in recent weeks show that its utilization is about 90 p
Liula [17]

Answer:

50 customers per day

Explanation:

For computing the capacity required customers per day, first, we have to  compute the current demand per day which is shown below:

Current demand = Average number of  pets per day × estimated percentage

= 74 pets × 60%

=  44.4 per day

Now the capacity required per day would be

= (Current demand per day) ÷ (1 -  capacity cushion percentage)

= 44.2 ÷ (1 - 0.12)

= 50.22 per day

3 0
3 years ago
Explain whether each of the following will cause a shift of the AD curve or a movement along the AD curve. a. Firms become more
Aleks04 [339]

Answer:

a. AD curve will shift to the right

b. AD curve will shift to the left

c. Movement along the AD curve.

Explanation:

a. When firms become more optimistic and increase their spending on machineries,this brings about changes in investment and it will cause a shift to the right in the aggregate demand curve.

b. When The federal government increases taxes in an attempt to reduce a budget deficit. This will cause a change in consumption as people will have less money to spend since disposable income has been reduced, and it will cause the aggregate demand curve to shift inwards to the left.

c. A 4 percent in US inflation will bring about a change in price level and there will be a movement along the aggregate demand curve.

7 0
3 years ago
An organization that has a strong ethical environment usually has a core value of placing _______ interests first. a. stockholde
Fofino [41]

An organization that has a strong ethical environment usually has a core value of placing customers interests first.

<h3>What is Environmental ethics ?</h3>

Environmental ethics can be regarded as as the are that focus on the conceptual foundations of environmental values and handling of issues in order to sustain biodiversity and ecological systems.

Therefore, option E is correct.

Learn more about Environmental ethics  at;

brainly.com/question/24519475

3 0
2 years ago
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