Answer:
The necessary entries would be:
Dr Accounts receivable $11,000
Cr Sales revenue $10,000
Cr Deferred revenue $,1000
Explanation:
Revenue should be recognized in the books of account where the selling party has performed its obligation of delivering goods or rendering services as contained in the sales contract.
This contract contains provision of goods -inventory that have been delivered and rendering of services-installation that is in progress, as a result the revenue relating to the former is due to be recognized now while the later would be recognized when is installation is concluded.
Answer:
D. an increase in the price of a good causes a decrease in market demand for that good.
Explanation:
First, if prices decrease, then people will feel wealthier and consume more and the aggregate demand increases. (Pigou´s effect)
Second, if interest rates decrease available domestic investors will invest in foreign countries where return (interest rates]) on investments are higher. If domestic investors invest in foreign countries the supply of dollars will increases. This will decrease the real exchange rate and then exports will be affected in a positive way; exports will increase and thus the aggregate demand.
Third, when the price level is down, consumers demand less currency, which means that they will keep more money in their bank accounts. If banks have more money, then the interest rate for loans decrease. If interest rates decrease, the cost of investment decreases too. Then, if the price for investment decreases, the demand for it increases and the aggregate demand decreases too.
Answer:
b. Art and Performance
Explanation:
Performance art features a presentation to an audience or to onlookers and includes arts such as, poetry, music, acting, dance, and painting. In performance art, artists use their bodies as the medium to perform an action. Often, the artwork revolves around an individual artist but can be collaborative.
Art and performance created by an artist may be presented live or a recording. The artwork can be spontaneous or scripted like what Dean does with language and poetry.
Answer and Explanation:
The three differences between the bookkeeping and accounting is as follows:
1. The preparation of the financial statements would not be part of this but it should be the part of the accounting
2. The bookkeeping does not required any kind of skill set but in the accounting it require skill set to perform the calculations
3. Bookkeeping does not do any kind of analysis but the accounting perform the analyses, it use the bookkeeping information so that it would help to interpret the data.
Answer: Option D
Explanation: Prospecting is the first step in a selling process. Under this the sales person identifies the potential customers and communicate with them to covert them into current customers.
Similarly, qualifying refers to analyzing the characteristics of a lead to determine if it qualifies as a prospect.
Hence from the above we can conclude that Kylie is performing the function of prospecting and qualifying.
