Answer:
1.March 1
Dr Cash 7,500
Cr Unearned Revenue 7,500
2.July 31
Dr Unearned Revenue 7,500
C Design Services Revenue 7,500
Explanation:
1.Preparation of journal entry for March 1 journal entry
Based on the information given we were told that the designer receives the amount of $7,500 as a check in advance from a customer which means that the journal entry will be:
Dr Cash 7,500
Cr Unearned Revenue 7,500
2.Preparation of the July 31 journal entry.
Based on the information given we were told that the designer completed the design work for this customer which means that the journal entry will be:
July 31
Dr Unearned Revenue 7,500
C Design Services Revenue 7,500
Answer:
Owner's equity.
Explanation:
Owner's equity is the amount of ownership/value the owner has in the business after subtracting debt and liabilities.
<span>The most serious derailment pattern for leaders seeking promotion is "</span>Failure to meet performance objectives".
Leader derailment happens when leaders neglect to achieve their normal level of accomplishment and wind up being exchanged, downgraded, or expelled from their position. Basically, derailment of leader includes leaders not achieving their maximum capacity as controlled by their past fantastic work history.
Answer: 200 units
Explanation:
Beginning inventory 80 units.
Company Purchases <u>480 units</u>
Total 560 units
Sales <u>(360 units)</u>
Ending Inventory 200 units
200 units remain in Ending inventory.
Answer:
Contractionary monetary policy usually results in:
- lower money supply
- higher interest rates
- lower inflation rates
- lower investment rates
- lower nominal gross domestic product
- higher unemployment
- decrease in consumer spending
- aggregate demand curve shifts to the left