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valina [46]
1 year ago
3

turco consulting is providing consulting services to a client. for this consulting assignment, turco used $500 in supplies and 1

75 hours of consulting time. turco charges clients $200 per hour and pays its consultants $115 per hour. turco assigns overhead to jobs based on a rate of $50 per labor hour. the entry to record the cost of this service when billed would include a:
Business
1 answer:
Alexus [3.1K]1 year ago
6 0

In the accounting journal, invoices sent to customers are recorded as journal entries.The total amount due from the invoice is recorded as a debit on the accounts receivable and a credit on the sales account in the journal entry.

What is the recorded service provided on account journal entry?

"Debit to debtors & Credit to Income from Services" shall be the title of the journal entry to record services rendered on credit.

What is utilized to record the expenses and administrations utilized by a business?

An income statement includes a record of expenses. A company's income, expenses, and profit or loss over a specific accounting period are all detailed in an income statement. Profit and loss statements, or simply "P&Ls," are other names for income statements.

Learn more about journal entry here:

brainly.com/question/14279491

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You have just completed a $ 24 comma 000 feasibility study for a new coffee shop in some retail space you own. You bought the sp
ikadub [295]

Answer:

$150,300

Explanation:

The computation of the correct initial cash flow is shown below:

= Capital expenditure + net after taxes + initial investment in inventory

= $33,000 + $112,000 + $5,300

= $150,300

The net after taxes is also term as opportunity cost

And, the initial investment in inventory is also term as change in working capital

All other information which is given is not relevant. Hence, ignored it

6 0
4 years ago
On January 1, a machine with a useful life of 10 years and a residual value of $76000 was purchased for $280000. What is the dep
valkas [14]

Answer:

ill try but no promises ok

3 0
3 years ago
If a bank has $1,000,000 in reserves and checking deposits of $3,000,000, what is the bank's reserve position if the required re
givi [52]

If the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.

Given that bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20%.

Required reserve ratio is basically a percentage of deposits to be kept by the bank with them.

We are required to find the find the bank's reserve position.

Bank's reserves=$1000000.

Checking deposits=$3000000

Required reserve ratio=20%

Reserves required according to the checking deposits=3000000*20%

=$600000

Actual reserves=$1000000

Excess reserves=Actual reserves -Reserves required

Excess reserves=1000000-600000

Excess reserves=$400000

Hence if the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.

Learn more about required reserve ratio at brainly.com/question/13758092

#SPJ4

4 0
2 years ago
Emphasizing personal selling rather than mass media advertising is an example of a __________ strategy.
Ronch [10]

Answer: personal selling rather than mass media advertising in the promotional mix  the firm is using a Standardized strategy

Explanation:

Hope this helps <3

4 0
3 years ago
Gangsta Industries,INC produces a variety of anti-crime and safety products such as burglar alarms, smoke detectors, surveillanc
elena55 [62]

Answer:

Customer type.

Explanation:

From the scenario described in the question above,   Gangsta Industries would benefit from departmentalization by type of consumer.

In this type of departmentalization, the company groups its activities according to its common customer base, or the types of customers that the organization serves.

This is a strategy that enables the company to better serve a group of specific customers based on their problems, needs and preferences, which results in a more targeted and effective service.

8 0
3 years ago
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