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Bingel [31]
2 years ago
12

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

Business
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.

#SPJ1

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A bussiness performs a cost benefit analysis when it
bogdanovich [222]

Answer:

Consider the possible advantages and drawbacks of a decision.

Explanation:

In Financial accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Cost-benefit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Generally, to use the cost-benefit analysis, financial experts usually make some assumptions and these are;

1. Sales price per unit product is kept constant.

2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.

3. All the units produced are sold i.e there is no change in inventory quantities during the period.

5. The costs accrued are as a result of change in business activities.

6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.

Hence, a business performs a cost benefit analysis when it consider the possible advantages and drawbacks of a decision i.e whether or not it would bring value to the company or create a significant level of impact on the business.

5 0
3 years ago
Social computing increases
Tanya [424]

Answer:

Yes it does. Yes it does.

5 0
3 years ago
attan Company reports beginning inventory of 16 units at $35 each. Every week for four weeks it purchases an additional 16 units
Marat540 [252]

Answer:

Part 1  The cost of goods available for sale $3,088

Part 2 The units available for sale 80 units

Explanation:

<em>Part 1  The cost of goods available for sale</em>

Cost of goods available for sale = Opening Inventory + Purchase of Further Inventory

Calculation of Cost of goods Available for Sale :

Opening Inventory: 16 units ×$35      560

Add Purchases:

Week 1: 16 units ×$36                          576

Week 2: 16 units ×$37                         592

Week 3: 16 units ×$40                         640

Week 4: 16 units ×$45                         720

Cost of goods Available for Sale      3,088

<em>Part 2 The units available for sale</em>

Units available for sale = Opening Units + Purchase of Further Units

Opening units: 16 units

Add Purchases:

Week 1: 16 units

Week 2: 16 units

Week 3: 16 units

Week 4: 16 units

Units  Available for Sale: 80 units

4 0
3 years ago
Why might a stock at any point in time not be in equilibrium?
WITCHER [35]
<span>A stock may at any point in time not be in equilibrium because the supply and demand of a commodity fluctuates depending on economic factors such as employment, income, and general financial confidence of consumers. This is always changing.</span>
5 0
4 years ago
You are browsing through an entertainment Web site. When you click on one of the links, the screen turns grey and displays the a
zloy xaker [14]

Answer:

The correct answer is letter "A": interstitial.

Explanation:

Interstitial advertisement is the type of ad that covers all the screen of the host webpage. They are displayed out of a sudden while surfing on the host webpage and it provides the user the option to be redirected to the advertiser's webpage or to close the ad and return to the host webpage.

7 0
3 years ago
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