If a company incorrectly records cash received for services to be provided in the future with a debit to cash and a credit to sales revenue, this error affect net income for the current period through the net income will be too high.
What is net income?
Net income is defined as an entity's earnings less expenses, amortization, depreciation and dividends, and taxes for a specific accounting period in both professional accounting.
Net income is the amount that a person or business makes after expenses, reimbursements, and taxes.
Therefore,
If a company incorrectly records cash received for services to be provided in the future with a debit to cash and a credit to sales revenue, this error affect net income for the current period through the net income will be too high.
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Answer:
The correct answer is A) Customer Value
Explanation:
Value is always defined by the paradigm of the Customer.
It starts with the end product in mind then works back to how the product can be achieved, each time modifying the process until all waste is eliminated.
Everything along the production or manufacturing chain that does not contribute to the end-value expected by the customer is eliminated.
Cheers!
The answer to your question is TRUE
There are numerous types of part time jobs are available nowadays in order to earn money for the qualified workers. People can earn through part-time jobs without quieting their full-time opportunities.
<h3>
How much does Percy earn each hour? </h3>
Correct option is C.
For the answer to the two questions above,
3x + 2y = 36.50.... (1)
2x + 5y = 50..... (2)
Then, Eliminating x from the two equations by subtraction:
First we multiply equation 1 by 2 and equation 2 by 1.
6x + 4y = 73
6x + 15y = 150
After that, Subtracting the two,
-11y = -77
y=-77/-11
y = 7
He earns $7 at the coffee cart.
Then, Substituting y into equation 1,
3x + 14 = 36.5
3(7)+14=36.5
x = $7.50
Therefore, he earns a greater wage of $7.50 at the library.
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Answer:
No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same.
Explanation:
For $15 per book, the quantity demanded was 4 books per month.
When the price increases to $20 per book, the quantity demanded fell to 3 books per month.
This shows a decrease in the quantity demanded. A change in demand occurs when the price is constant and quantity demanded changes because of change in other factors. But here the other factors are constant and the quantity demanded is changing due to a change in price.
So, Luz's statement here is incorrect.
