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2 years ago

Carrie billed her legal clients $6,000 for legal work completed during the month. This

1 answer:

Citrus2011 [14]2 years ago

7 0

The fact that Carrie billed her legal clients an amount of $6,000 for legal work means that the transaction will cause a $6,000 increase in assets and revenues.

<h3>What is the effect of service revenue?</h3>

When a person receives service revenue like Carrie did when she billed her clients, this would increase the revenue amounts to the company.

Revenues would therefore increase which means that equity increases as well because revenues are the main source of net income, which become retained earnings, which is an equity account.

When equity increases, assets will have to increase which will happen here because Carrie will treat her clients as Accounts receivable which is considered an asset.

In conclusion, option B is correct.

Find out more on recording service revenue at brainly.com/question/15407046.

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According to the aggregate demand curve, when the aggregate price level _____, the quantity of aggregate output _____. rises; de

iren2701 [21]

Answer:

rises; demanded falls

Explanation:

The aggregate demand curve exhibits a negative relationship between aggregate price levels and aggregate output demanded. If aggregate price levels falls, aggregate output demanded rises and if aggregate price levels rises, aggregate output demanded falls.

The aggregate demand curve is negatively sloped.

Please check the attached image for a graph of the aggregate demand curve.

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Which of the following accounts will give u the least access to your money

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A barter economy is different from a money economy in that a barter economy

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Answer:

The answer is;

people trade goods directly with goods rather than through using money

Explanation:

In that a barter economy, people trade goods directly with goods rather than through using money.

Money is not used in a barter economy. Barter economy was experienced a very long time ago.

For example, Mr A. has yam at home but needs rice, he has to look for someone that wants yam in exchange for the rice he needs

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3 years ago

You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of

Alex

Answer:

You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of your balance will remain?

The percent balance will remain 90%

Explanation:

$1725.25 - $167.50= $1557.75

percentage left= 1557.75/1725.25 X 100

percentage left= 90.291= 90.30%

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Last year Carson Industries issued a 10-year, 14% semiannual coupon bond at its par value of $1,000. Currently, the bond can be

Alex_Xolod [135]

Answer and Explanation:

The computation is shown below:

For nominal yield to maturity

Given that

NPER = 9 × 2 = 18

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PV = -$1,300

FV = $1,000

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the yield to maturity is 9.05%

For nominal yield to call

Given that

NPER = 6 × 2 = 18

PMt = $1,000 ×14% ÷ 2 = $70

PV = -$1,300

FV = $1,060

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the yield to call is 8.34%

As the yield to maturity is more than the yield to call so the bond would be likely to called

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