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3 years ago

A company collected $10,000 cash from a customer as a deposit for goods that will be shipped next quarter.

Business

2 answers:

Sholpan [36]3 years ago

8 0

Answer:

(A) Total assets,

(D) Total liabilities

Explanation:

A company collecting $10,000 cash from a customer as a deposit for goods that will be shipped next quarter is an example of an unearned revenue. It is receiving money from the customer in advance for the good or service yet to be provided.

And this is considered as a liability and recorded in the balance sheet as such because the company now owes the customer.

When the good or service is now provided, it increases the total assets.

babunello [35]3 years ago

6 0

Answer:

The answer are:

a) Total Assets

c) Cash from Operations

e) Total Liabilities

Explanation:

The entry for the transaction is:

Dr Cash 10,000

Cr Unearned Revenue 10,000

As Cash has been increased by $10,000, the Total Asset will increase by the same amount ( because Cash Account is an asset account) and Cash from Operations will also increase by $10,000 because this receipt is from the result of the company normal business transaction.

As Unearned Revenue which is a Liability Account because good and services has not be delivered, increases by $10,00; total Liabilities will also increase by $10,000.

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The value of what type of money comes from what it is made of?

vladimir1956 [14]

Answer:

a.representative money

Explanation:

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3 years ago

On April 1, 2015, the City of Southern Ponds issued $3,500,000 in 4% general obligation, tax supported bonds at 101 for the purp

LUCKY_DIMON [66]

Answer:

B) $ 70,000.

Explanation:

Debt service expense

Debt service expense is the interest expense incurred to avail the debt services from another entity.

Debt service expense can be calculated using the following formula

Debt service expense = Face value of Bonds x Interest rate x Semiannual fraction

Where

Face value of bonds = $3,500,000

Interest rate = 4%

Semiannual fraction = 6 / 12 = 1/ 2

placing values in the formula

Debt service expense = $3,500,000 x 4% x 1/2

Debt service expense = $70,000

3 0

2 years ago

Manufacturing automation and office automation are examples of ______ that are forces for change outside the a. organization.

s344n2d4d5 [400]

Answer:

b) technological advancements

Explanation:

Manufacturing automation and office automation are examples of technological advancements that are forces for change outside the....

Automation of manufacturing and office entails the use of technology in place of traditional means. Advancement in technology has made enterprises shift from traditional means of production to technology, which enhances efficiency and improves productivity.

4 0

3 years ago

While waiting in line to buy two tacos at 75 cents each and a medium drink for 80 cents, Jordan notices that the restaurant has

puteri [66]

Answer:

The correct answer is $0,20.

Explanation:

The marginal cost, at each level of concrete production, indicates the costs we incurred in carrying out said production. Basically, it is an indicator that will allow us and help to make decisions regarding the preparation and production of goods and services.

In the previous case, the cost of buying two tacos for $ 75 each plus a $ 80 bedid is as follows:

Tacos: $ 75 * 2 = $ 1,50

Drink: $ 80

TOTAL = 2,30

For its part, the second option is priced at $ 2,50

Subtracting the results, the marginal cost is defined as follows:

$ 2,50 - $ 2,30 = $ 0,20

6 0

3 years ago

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

Stolb23 [73]

Answer:

Matching transactions to the journal in which they would be entered:

Transactions Journal Type

1. Recognized depreciation on the building General Journal

2. Journalized the adjusting entry for supplies

used during the period General Journal

3. Closed the revenue account at the end

of the period General Journal

4. Received cash from the bank in exchange

for a note payable Cash Receipts Journal

5. Withdrew cash for personal use (by owner) Cash Payments Journal

Explanation:

Revenue journal records revenue transactions.

Cash receipts journal records all cash receipts.

Purchases journal records all purchases on account.

Cash payments journal records all cash payments.

General journal is used for all transactions, especially those that cannot be recorded in any of the other specialized journals.

3 0

2 years ago