The type of goal that Nick has set for himself is a short term goal which lasts for six months. Nick did very well in keeping to his goal and he was able to achieves a substantial part of his goal before the time he sets for himself. But if Nick has added an extra $50 to the money he pays monthly, he would have completely achieved his set goal in four months.<span />
Fixed expenses<span> or costs are those that do not fluctuate with changes in production level or sales volume. They include such </span>expenses<span> as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.
D. is the answer
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Answer:
The journal entry correctly records this transaction is:
b. Cash 1,300, Accounts receivable 1,200, Consulting revenue 2,500
Explanation:
Kincaid Company provided consulting service of $2,500 to a customer, the company record revenue for consulting service of $2,500
Customer paid $1,300 and promised to pay the remainder next month, the company record cash received of $1,300 and the remainder by decreasing accounts receivable of $1,200 by the entry:
Debit Cash $1,300
Debit Accounts receivable $1,200
Credit Consulting revenue $2,500
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