The main function of a service business is the delivery of value to the customer.
- A service business is made up of experts who help in the delivery of a particular work. Examples of service businesses include food service, transportation, retail, distribution etc.
- It should be noted that every business wants to make a profit. Profit is important in order to grow the business. Despite the profit making motive of businesses, some businesses are more concerned with how to retain their customers.
In conclusion, it should be noted that the retaining of customers are vital in brand loyalty and the growth of the business.
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Answer: When there are intercompany sales of inventory during the year and a three-part consolidation worksheet is prepared, consolidation entries related to the intercompany sales "I. Always are needed."
To correctly reflect the economic reality of the economic group under consideration.
Answer:
$15,000
Explanation:
Amount of tax that will result in unconsummated transaction will be :
Consumer values of house $525,000
Less completed transaction $510,000
Tax $15,000
Therefore $15,000 is the amount of tax which will result in Unconsummated transaction because the actual value of the house was $525,000 in which the transaction process was later completed at $510,000.
Answer:
C
Explanation:
Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)
year 2 = (48,000 / 200,000) x (36,000 - 2000) = 8160
book value = cost of asset - accumulated depreciation
accumulated depreciation = year 1 + year 2's depreciation
year 1 = (45,000 / 200,000) x (36,000 - 2000) =
- 200,000 - (7650 + 8160) =
Answer:
The answer is given below;
Explanation:
It is assumed that supplies in Un-adjusted trial balance were $700
Supplies Expense Dr.$620
Supplies Cr.$620
2.Insurance Expense Dr.$115
Prepaid Insurance Cr.$115
3. Depreciation Expense Dr.$60
Accumulated Depreciation Cr.$60
4. Unearned Service Revenue Dr.$880
Service Revenue Cr.$880
5. Accounts Receivable Dr.$320
Service Revenue Cr.$320
6. Interest Expense Dr.$90
Interest Payable Cr.$90
7.Salaries Expense Dr.$1,540
Salaries Payable Cr.$1,540