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3 years ago

Persuade me to buy something for points! BIG POINT PAYOUT

Business

2 answers:

Vanyuwa [196]3 years ago

7 0

Answer:

Clothes! Shoes!

Explanation:

inessss [21]3 years ago

4 0

Answer:

Clothes! Shoes!

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Alex Company rents space to a tenant for $2,200, per month. The tenant currently owes two months rent, November and December. Th

kaheart [24]

Answer:

The correct answer is D

Explanation:

The journal entry which is to be posted on December 31, is as:

Rent receivable A/c............................Dr $4,400

Rent Earned A/c...............................Cr $4,400

As the two months rent is not paid so the adjusting entry which is to be posted is that the rent receivable account is debited whereas the rent earned account is credited with the amount of two months rent. (which is $2,200 + $2,200 = $4,400).

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3 years ago

Fernstrom Corporation has two divisions: East and West. Data from the most recent month appear below: East West Sales $ 330,000

GenaCL600 [577]

Answer:

The company’s overall net operating income would be $52,140

Explanation:

If the all divisions of the company are operates at break even level the overall net operating income of the company would be zero . because at break even level the sales value is equals to total variable cost plus total fixed cost if the company incurring any addition fixed cost then the over all net operating income will show loss of additional fixed incurred. The answer for the given question is the overall net operating income of the company would be ($52,140).

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3 years ago

What is artificial selection

rusak2 [61]

Artificial selection is the intentional reproduction of individuals in a population that have desirable traits. In organisms that reproduce sexually, two adults that possess a desired trait — such as two parent plants that are tall — are bred together.

7 0

3 years ago

Read 2 more answers

Kincaid Company provided consulting services of $2,500 to a customer who paid $1,300 and promised to pay the remainder next mont

Anon25 [30]

Answer:

B. Cash 1,300 Dr, Accounts Receivable 1,200 Dr, Consulting Revenue 2,500 Cr

Explanation:

Kincaid Company

Journal Entry

Date Description Debit Credit

Cash $1,300

<em>Accounts Receivable $1,200</em>

Consulting Revenue $2,500

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3 years ago

Riverbed Company sells goods that cost $320,000 to Ricard Company for $407,000 on January 2, 2020. The sales price includes an i

Alecsey [184]

Answer:

a) Journal entries to record the sale on January 2, 2020:

Debit Accounts Receivable with $407,000

Credit Sales Account with $368,500

Credit Deferred Revenue (Installation Fee) with $38,500

Being sales of goods and installation services.

b) Income Statement for 1st Quarter of 2020

Sales - $368,500

Installation Fee - $19,250

Total Income - $387,750

less cost of sales - $320,000

Net Income - $67,750

c) The revenue Shaw should recognize in relation to the sale to Ricard is $387,750 (goods and accrued installation fee). The installation fee to be recognized is for 3 months only.

Explanation:

The installation fee is for 6 months. Therefore, 3 months' worth of fee will be recognized in the income statement ending on March 31, 2020.

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2 years ago