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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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Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,920 and two j
Tanya [424]

Answer:

job 429 -WIP      3040 debit

job 430 -WIP      4020 debit

job 431 -WIP       4740 debit

factory overhead 900 debit

     raw materials             12,700 credit

--to record materials requisions--

job 429 -WIP      2,300 debit

job 430 -WIP      3,400 debit

job 431 -WIP       7,900 debit

factory overhead 1,310 debit

     wages payables            14,910 credit

--to record wages tickets--

job 429 -WIP      1,426 debit

job 430 -WIP      2,046 debit

job 431 -WIP       4,898 debit

     factory overhead            8,370 credit

--to record applied overhead--

Explanation:

job 429 -WIP:  2300 x 62% =  1,426

job 430 -WIP:  3400 x 62% = 2,046

job 431  -WIP:  7900 x 62% = 4,898

total overhead: 8,370

7 0
3 years ago
The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected
Lelu [443]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The dinner-dance committee has assembled the following expected costs for the event:

Dinner (per person) $ 18

Favors and program (per person) $ 2

Band $ 2,800

Rental of ballroom $ 900

Professional entertainment during intermission $ 1,000

Tickets and advertising $ 1,300

The committee members would like to charge $35 per person.

1) Break-even point= fixed costs/ contribution margin

Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]

Break-even point= 6000/(35-20)= 400 individuals

2) Q= 300    P=?

300=6000/(P-20)

300*(P-20)= 6000

300P=12000

P=$40

7 0
3 years ago
With the availability of
Elenna [48]

Answer:

Why or why not? Yes, organizing is still a very important managerial function because work is separated, assembled, and coordinated with the help of organizing. Therefore allowing employees to work anywhere, anytime. Also, people still need to plan what to do at what time so as to ensure time maximation.

Credits to : assignmentexpert

Explanation:

4 0
2 years ago
If a legal monopoly owns the exclusive rights to a good for 20 years, it has a ________ for that good.
Nastasia [14]

If a legal monopoly owns the exclusive rights to a good for 20 years, it has a patent for that good.

What do you mean by monopoly?

Monopoly translates to "alone to sell." When there is only one vendor of a given commodity, there is little to no intense rivalry from other sellers. We'll examine the characteristics of a monopoly market in this post.

What do u understand by patent?

An innovator receives a property right known as a patent from a government body. In exchange for full disclosure of the innovation and for a set amount of time, a patent grants the creator exclusive rights to the patented process, design, or invention.

Learn more from monopolies: brainly.com/question/13113415

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4 0
1 year ago
Uplift, weathering, burial, and heating/melting can transform one rock type into another. B. All rocks in the Earth's crust will
melomori [17]

Answer:

b. All rocks in the Earth's crust will, at some point, be subducted and melted to create igneous rock.

Explanation:

There are 3 types of rock:

1. Igneous, wich are formed when 2 tectonic plates collide and magma goes to surface getting cold

2. Sedimentary: when many layers of  preexistent rocks produce pressure and heat by weigth  melting the rocks.

3. Metamorphic: a new rock is formed by chemical and/or physical reaction over preexistent rocks

Sedimentary and metamorphic  would be subducted in order to produce new igneus rocks.

8 0
3 years ago
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