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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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If the demand curve reflects consumers' full willingness to pay, and the supply curve reflects all costs of production, then whi
Tom [10]

Answer:

The answer is: The benefit surpluses shared between consumers and producers will be maximized.

Explanation:

The demand curve shows the relationship between the price of a good and the quantity demanded for that good. As the price of a good decreases, more customers will be willing and able to purchase it.

The supply curve on the other hand, shows the relationship between the price of a good and the quantity supplied of that good. As the price of a good increases, more suppliers will be willing and able to sell it. Suppliers will sell a good as long as its marginal costs are less than its marginal revenue. In other words, they will continue to supply the good as long as their costs are covered.

At any given point where the demand curve and the supply curve intersect, equilibrium point, the benefits for consumers and suppliers all together will be maximized.

7 0
3 years ago
Ray was chosen by his boss to lead a team of coworkers during a companywide project. Ray spent a lot of time getting to know eac
shtirl [24]

Answer: Building community is the characteristic of servant leadership that best describes Ray's methods

Explanation:

Building community is sought out by leaders since they see the evolution of  administration as diffident away from creating assemblage within workers. Having a sense of community in a administration is important because it evolves positive relation that makes completing project effortless.

6 0
3 years ago
Read 2 more answers
Which of the following is true of workforce diversity?
BARSIC [14]

Answer:

<u>a. It can be a source of competitive advantage.</u>

<u>Explanation:</u>

<em>Remember</em>, a diverse workplace is one where you find a diverse range of individuals from different cultures, gender, race, age, sexuality, language, educational background, etc all working together to achieve the goals of the organization.

By having this diversity in the workplace an organization can rightly tap into the wealth of experience of its staff in understanding how to better position their products or services into the market.

3 0
3 years ago
A taxing jurisdiction has a mill rate of 14.7. what is an owner’s tax bill if his assessed value is $250,000?
zysi [14]

A taxing jurisdiction has a mill rate of 14.7. the owner’s tax bill would be $3,675.00. Over 55,000 jurisdictions make up the United States. The taxing authority that imposes the tax is known as a jurisdiction. A tax jurisdiction code is used to identify each jurisdiction.

The place where the transaction will be taxed is specified by this code. The tax jurisdiction code is a key that, along with the tax code and other factors, defines the tax amount and how the total tax amount is split between the several taxing authorities for payment. For calculating procedure TAXUSJ,

The system can handle up to four jurisdiction levels, and for TAXUSX, up to six jurisdiction levels. Each level of jurisdiction has a unique jurisdiction code.

To learn more about taxing jurisdiction , click here

brainly.com/question/14179714

#SPJ4

5 0
2 years ago
Ryan Campbell has invested in a fund that will provide him a cash flow of $11,700 for the next 20 years. If his opportunity cost
o-na [289]

Answer:

PV= $110,721.04

Explanation:

Giving the following information:

Annual payment= $11,700

Number of periods= 20 years

Interest rate= 8.5%

<u>To calculate the value of the payments today (PV), we need to use the following formula:</u>

PV= A*{(1/i) - 1/[i*(1 + i)^n]}

PV= 11,700*{(1/0.085) - 1/ [0.085*(1.085^20)]}

PV= $110,721.04

3 0
3 years ago
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