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I am Lyosha [343]
1 year ago
12

Cakery bakery receives $1,000 from a customer on august 5, 2016 for a wedding cake to be delivered on september 19, 2016. what w

ould cakery bakery record on their books when they receive this payment?
Business
1 answer:
Lorico [155]1 year ago
5 0

The correct answer is to debit Cash (an asset) for $1,000 as the company now has the cash and credit Deferred Revenue (a liability) for $1,000 as the company now has an obligation to provide services in the future.

<h3>What is Revenue?</h3>

The total amount of income earned by the sale of goods and services connected to the principal operations of the firm is referred to as revenue in accounting. Commercial revenue is often known as sales or turnover. Some businesses make money by charging interest, royalties, or other fees.

The overall cost of making and distributing a product or service to consumers is referred to as the cost of revenue. The cost of revenue is disclosed in a company's income statement. It is intended to show the direct costs related with the goods and services offered by the company.

To know more about Revenuefollow the link:

brainly.com/question/16232387

#SPJ4

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Explain whether each of the following will cause a shift of the AD curve or a movement along the AD curve. a. Firms become more
Aleks04 [339]

Answer:

a. AD curve will shift to the right

b. AD curve will shift to the left

c. Movement along the AD curve.

Explanation:

a. When firms become more optimistic and increase their spending on machineries,this brings about changes in investment and it will cause a shift to the right in the aggregate demand curve.

b. When The federal government increases taxes in an attempt to reduce a budget deficit. This will cause a change in consumption as people will have less money to spend since disposable income has been reduced, and it will cause the aggregate demand curve to shift inwards to the left.

c. A 4 percent in US inflation will bring about a change in price level and there will be a movement along the aggregate demand curve.

7 0
3 years ago
A monopolist sells 6 units of a product per day at a unit price of $15. if it lowers price to $14, its total revenue increases b
grandymaker [24]
<span>A monopolist sells 6 units of a product per day at a unit price of $15. if it lowers price to $14, its total revenue increases by $22. this implies that its sales quantity increases by: 8 units. 

To solve for the original sales amount: (6 units)($15) = $90
Next find the new unit amount: (8 units)($14) = $112

The difference between these two is a $22 sales increase which means to have the difference in sales be $22 there were 8 units sold instead of 6 units. 

</span>
5 0
2 years ago
Rarely, the vintage date on a bottle of wine is not the same as the harvest year, but is the calendar year before the harvest ye
Inga [223]
Ice Wines

Ice wines are a type of dessert wine with a characteristic sweet taste. They are made from grapes that have been frozen (i.e. by frost) while still on the vine, and are thus mostly produced in countries in which favorably cold temperatures at certain times of the year can be attained with regularity. These countries include Germany and Canada. 
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Since the grapes are frozen on the vine, only the water freezes, and not the sugars and other dissolved solids. This produces only smaller amounts of wine which is more concentrated and very sweet. However, the sweetness is balanced by its high acidity, making it refreshingly sweet. </span>
3 0
3 years ago
In which business stage do you decide whether a business opportunity is a good fit for you personally?
Bumek [7]

Answer: startup

Explanation:

The start up phase is when the entrepreneur puts their time effort and money the most, he or she has to come up with ideas and consistently implement them hence if the owner can decide if the the business opportunity is not for them at this stage because they will not be willing to through all that if they are not passionate

4 0
3 years ago
Read 2 more answers
What is commercial bank? in your own words. ​
Irina18 [472]

Answer:

a commercial Bank is a type of banks that provide services such as accepting deposits making business loan etc

Explanation:

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2 years ago
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