Answer:
June 15
Dr. Account Receivable $24,000
Cr. Service Revenue $24,000
At the time of Receipt in July
Dr. Cash $24,000
Cr. Account Receivable $24,000
Explanation:
As the Services are performed on June 15, and Great Venture has a right to received the payment against the services provided. So, the revenue is recognized and The payment for the services has not been made yet. This result in the creation of account receivable, That is expected to receive in July.
In July the payment is received. The cash account will be debited as the cash is received and on the other hand account receivable will be credited to remove the due balance of $24,000 from receivables balance.
Answer:
The depreciation for 2014 is $6900
The depreciation for 2015 is $9300
Explanation:
Please see attachment .
Answer:
Please see below and attached.
Explanation:
1a. Prepare a contribution format income statement for the game last year. The Net operating income is $90,000.
1-b The degree of operating leverage
= $10.
2a. Net operating income increases by 220%
2b. Total expected net operating income is $288,000.
Please find attached detailed breakdown of the answers provided above
Answer:
D. Structurally unemployed
Explanation:
Structural unemployment is a type of involuntary unemployment. It is when a person cannot get a job because there's no job available that matches the skills the person possesses.
Seasonal unemployment is when Labour is unemployed during particular seasons.
Cyclical unemployment is when unemployment rises when there's a downturn of the economy and falls when there's a boom.
Frictional unemployment occurs when Labour is moving from one job to another.
I hope my answer helps you
Answer:
discount of 6.3%
Explanation:
Since the same amount, in dollars, would buy you more yen at the 90-day forward rate then at the current date, the yen is selling forward at a discount. The discount per annum is given by:
The yen is selling forward at a per annum discount of 6.3%
