Answer:
a debit to Unearned Fees for $1,350.
Explanation:
As for the provided information, the details provided are:
Cash received for services to be provided up to 31 January, though cash is received on 1 December itself.
Since the accounting and financial year closes on 31 December the adjusting entry will be passed on the date for correcting the unearned revenue.
The unearned revenue has credit balance and as on 31 December such balance shall be debited and earned revenue related to the period up to 31 December shall be credited.
Accordingly total unearned revenue for 2 months = 1 Dec to 31 Jan = $2,700.
Therefore, total revenue for 31 December will be $2,700/2 1 = $1,350.
Accordingly unearned revenue will be debited by the amount and earned revenue will be credited by the same amount.
Answer:
The initial problem of this question is you left out a bunch of context of what you are asking about.
Explanation:
learn how to use this website please.
Answer: $11,800
Explanation:
Cashflow inflow from Customers is calculated as follows
Cash flow from customers = beginning account receivable + Credit sales - ending Account receivable.
Plugging in figures would give us,
= 3,360 + 10,640 - 2,200
= $11,800
$11,800 is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement.
You may wonder what happened to the uncollectible accounts expense amounted of $940. It was meant to confuse you. That figure is dealt with before the ending Account Receivable balance is computed.
Answer: rational decision making
Explanation: In simple words, rational decision making refer to the framework under which an individual or entity makes rational calculation before choosing one decision among different alternatives. Usually the decision made directly affects their personal objectives.
In the given case, Nicholas did not fire the employee directly and took rational steps to make sure that no unfair decision making happens.
Hence from the above we can conclude that the correct option is A.
Answer: Distortion
Explanation:
Distortion is the term which is basically refers to the change or the exaggeration about the products and the services information in the market by the producers then this perceptual processing is called as the distortion.
The market distortion is usually occur due to the inconsistent in the beliefs of the customers bu altering the given data or any type of information in the ideas, image and the thoughts.
According to the given question, the given perceptual process about the receive information by the customers is known as the distortion. Therefore, Distortion is the correct answer.