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Luda [366]
3 years ago
8

Unearned revenues are generally revenues that have been earned and received in cash revenues that have been earned but not yet c

ollected in cash liabilities created when a customer pays in advance for products or
Business
1 answer:
Tcecarenko [31]3 years ago
5 0
Unearned revenues are general revenues that  Liabilities created when a customer pays in advance for products or services before the revenue<span> is earned

If a client pay us for our service in advance, we now have an obligation to provide services that we must fulfill in the future.
In accounting, we could consider this obligation as a liability which will be recorded in credit when it increased.
</span>
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Choosing to go to college over getting a job right out of high school is an example of a(n) _____.
AfilCa [17]

Answer: go to the national college this is what it is called NCCS

Explanation:

6 0
3 years ago
Joshua borrowed $500 on January 1, 2017, and paid $25 in interest. The bank charged him a service charge of $15. He paid it all
Elena-2011 [213]

Answer: 8%

Explanation:

The Annual Percentage Rate or APR for short is calculated by dividing the finance cost by the total amount borrowed in the following manner,

APR = Finance Charge / Amount borrowed.

To calculate the Finance charge we add the interest and the service charge.

Finance charge = 25 + 15

= $40

Back to the APR formula we will have,

APR = Finance Charge / Amount borrowed

APR = 40/500

= 0.08

APR is 8%.

3 0
3 years ago
In risk management, what does risk evaluation involve?
Annette [7]

In risk management, risk evaluation involve Risk resolution. The evaluation process is carried out by management.

<h3 /><h3>What is Risk?</h3>

Risk is the threat of things going wrong or having a negative impact on the operations of the organization. The risk can be of many types including and not limited to audit risk, control risk, credit risk, business risk, inherent risk, financial risk and more.

Risk is evaluated by the management to minimize the effects and mitigate the risk. There are several steps that are performed to analyze the risk and many ways are there to lower the effects of risk.

Risk resolution is the management strategies to analyze the risk and the best ways to mitigate the effects. Transfer the risk, avoid the risk by changing the decision, reduce and accept.

Learn more about Risk at brainly.com/question/27247805

#SPJ1

4 0
2 years ago
Roberto consumes coke exclusively. he claims that there is a clear taste difference and that competing brands of cola leave an u
VikaD [51]
The answer to the question above is "brand names cause consumers to be more sensitive to product differences" based on the result of Roberto's taste test. In the blind test, Roberto did not feel the unsavory flavor from the generic store-coke and he prefers that generic store-coke. This test proves that Roberto's taste is distracted by the brand.
5 0
3 years ago
It will cost $2,500 to acquire an ice cream cart. Cart sales are expected to be $1,500 a year for three years. After the three y
Dvinal [7]

Answer: 1 year and 6 months

Explanation:

The cash flows are as follows,

Year 0 = ($2,500)

Year 1 = $1,500

Year 2 = $1,500

Year 3 = $1,500

Payback period is the time it will take to break even the intial investment (In this question the initial investment is $2,500)

The sum of the cashflows of year1 and year2 is equal to $3,000

which means that the payback period is somewhere bbetween year 1 and year2

1500/3000 = 0.5 year or 6 months

the total payback period is 1 year and 6 months

3 0
4 years ago
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