Answer:
January 10
Explanation:
According to the revenue recognition principle of accrual accounting, revenue must be recognized when the earning process is completed. In this case, the earning process was completed on January 10 when the services were performed. The related cash inflows are not relevant at the time of considering service revenue.
the journal entries should be:
January 10, 202x
Dr Accounts receivable XY
Cr Service revenue XY
January 20, 202x
Dr Cash 0.5XY
Cr Accounts receivable 0.5XY
February 24, 202x
Dr Cash 0.5XY
Cr Accounts receivable 0.5XY
The answer to this question is F
!
Answer:
Retained earnings balance =$54,700
Explanation:
Retained earnings is the proportion of profit made by a company which is not distributed as dividend but rather re-couped to be re-invested. A payment of dividend would reduce the balance of retained earnings while further profit retained increases it.
The balance of retained earnings at the end = opening balance + profit retained for the year - dividend paid for the year
= 33,400 + 36,500 - 15,200 = $54,700
Retained earnings balance =$54,700
Answer:
The difference between the two is that Hazard insurance can cover you and or protect you against "structural damage caused by natural disasters".
Meanwhile Homeowners insurance is "a financial protection against theft"...
So, long story short,
Hazard insurance=protection from natural disasters (structural damage)
Hazard insurance=protection from natural disasters (structural damage)Homeowners insurance=protection against theft and damage to your home and belongings
I hope this helped!!
Answer: False
Explanation: The statement given in the above question relates to business intelligence.
Competitive intelligence is used by the managers and executives to implement strategic decision making effectively. In competitive intelligence , the gathering and analyzing of customers and competitors is done and not of partners and industries etc.
Thus, the above statement is false.
