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puteri [66]
2 years ago
11

A company bills customers for services rendered on account. Which of the following is part of recording this transaction?

Business
1 answer:
Helga [31]2 years ago
6 0

Answer:

c. Increase account receivable

Explanation:

The journal entry for the record this transaction is  

Accounts receivable A/c Dr XXXXX

     To Service revenue A/c  XXXXX

(Being the service is rendered on the account is recorded)

This transaction increases the account receivable as well as the service revenue account so the respective account is debited and credited.

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Consider the impact of the following two events in the television market.First, people are using more tablets and fewer televisi
babunello [35]

Answer:

The correct answer is option B.

Explanation:

As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.  

Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.

7 0
3 years ago
Laura says that the present value of $700 to be received one year from today if the interest rate is 6 percent is less than the
Andrews [41]

Answer:

The correct answer is A. Both Laura and Cassie are correct.

Explanation:

Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:

700 x 1.06 = 742

700 x 1.03 ^ 2 = 742.63

Therefore, both Laura and Cassie are correct in their claims.

5 0
2 years ago
On March 17, Jackal Lumber sold building materials to Fredo Limited for $15,000 with terms of 3/10, net 20. What amount did Jack
Brrunno [24]

Answer:

$15,0000 is recorded as revenue

Explanation:

The amount of $15,000 is recorded as revenue immediately the sale is made on March 17. The Discount allowed of $300 (2%).

"3/10, Net 20" means Fredo will enjoy 2% discount if he pays within 10 days or pays in full within 20 days. The amount recorded in revenue will not change regardless of which option he chooses.

8 0
2 years ago
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A thesis statement should be clearly stated and narrowly focused. True False
dolphi86 [110]

A thesis statement should be clearly stated and narrowly focused. False

5 0
3 years ago
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Google is known for unusual interview questions. Explain what advantages might these have over more traditional questions about
Sonbull [250]

Answer:

1. those advantages could be very dangerous. someone could've hacked the system or anything & they're trying to get your information.

2. eliza should check in with her manager/boss and ask if it's ok for her to wear sandals.. just to be on the safe side.

3. jameela and jonas need to set some standards in their "relationship" because what they have going on can cause both of their jobs.

4. i would make sure that the promotions are fair, and not giving people promotions because i know them or anything, i'm gonna make sure that they've worked hard for it.

5. by telling these people my strengths & my weakness would cause less problems. there could be some things that i like and they don't like and we can make sure to never reach that point, because it's gonna cause a lot of trouble. explaining yourself or telling more about yourself could really help others get you.. that way you don't have to be rude to people when they say something you don't like or do something you don't like.

Explanation:

i hope this helped you!

8 0
3 years ago
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