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Vlada [557]
4 years ago
8

17

Business
1 answer:
Goshia [24]4 years ago
6 0

Answer:

$764,400

Explanation:

Payment in advanced are prepayment which are treated as current liability until the service is delivered and sales income are credited while the .prepayment account are debited.

Accrual payment are payment for service already delivered which are current liability (receivables)

Rental income received  =                       $738,000

Rent in advance as at 31/12/2008              102,600

(prepayment for 2009)

Rent in advance as at 31/12/2009                (77,700)

Prepayment for 2010

Rent in arrears as at 31/12/2008                   (39,600)

Accrued payment for 2008

Rent in arrears as at 31/12/2009                      41,100

Recognized income                                      764,400

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The reasons to study economics include which of the following?
Sliva [168]
I would say all of the above.
These are all the reasons that I study economics.
6 0
3 years ago
Define the credit period
-BARSIC- [3]

Answer:

The credit period is the number of days that a customer is allowed to wait before paying an invoice

Explanation:

This indicates the amount of working capital that a business is willing to invest in its accounts to generate sales

8 0
3 years ago
As the Board of Governors of the American Red Cross considers planning, one option is to make strategic plans and then direct ma
n200080 [17]

Answer:

a. the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership.

Explanation:

If the organization is a dynamic system, it means that conditions change fast and often. In this case, a plan developed by top-management may not be adequate enough a month, or even a week later after being devised.

Therefore, it's best to allow frontline managers, who have knowledge about daily operations and conditions, to develop their own plans (with the assistance of the planning specialists), and to modifiy those same plans if needed.

3 0
4 years ago
One of the advantages of off-the-shelf software is that ________________. a. the initial cost is lower because the software firm
77julia77 [94]

Answer: Option A                                      

   

Explanation: In simple words, it refers to the software that is readily available in the market unlike the custom made software which are made for a specific purpose.

The cost of such software is less as they do not demand the expertise and time that is needed to manufacture a custom made software.

Hence from the above we can conclude that the correct option is A.

3 0
3 years ago
Oriole Corporation has retained earnings of $682,100 at January 1, 2020. Net income during 2020 was $1,558,700, and cash dividen
tigry1 [53]

Answer:

$2,248,660

Explanation:

According to the scenario, computation of the given data are as follows,

Particulars                                                   Amount

Retained Earning                                      $682,100

Correction of repairs expense (Add)       $89,160

Net income (Add)                                      $1,558,700

Dividend Paid (Less)                                 $81,300

Net retained earning                              $2,248,660

7 0
3 years ago
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