1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bearhunter [10]
3 years ago
12

Unearned revenues are revenues not recorded as revenues until services are performed. revenues for services already performed an

d received in cash, and recorded as revenues when received. revenues for services performed but not yet received in cash or recorded. revenues for services already performed, and recorded as liabilities, before they are received.
Business
1 answer:
Ray Of Light [21]3 years ago
8 0

Answer:

Correct option is (a)

Explanation:

Unearned revenue are revenue earned against services that have not been performed yet. In accrual system, revenue is recognized when service is performed against it.

Revenue earned without service being discharged is treated as liability till the period service is performed. It is recognized as income only after service is performed. For example unearned rent revenue is an unearned revenue which is reported as a liability till the rent period for which revenue was received is over.

You might be interested in
When putting together your personal budget, you find that your budget has a deficit. Which is the BEST way to balance your budge
ki77a [65]

Answer:

The correct answer is letter "C": Cut your expenses by an amount greater than your deficit.

Explanation:

In case there is a deficit in your budget, it means your expenses are higher than your net income. An adjustment must be made in such circumstances. To bring back the balance in your budget, <em>you should cut your expenses by an amount higher than the amount of the deficit</em>. Otherwise, you could increase your income but keeping your expenses at the same level.

3 0
3 years ago
Everly Corporation acquires a coal mine at a cost of $400,000. Intangible development costs total $100,000. After extraction has
8090 [49]

Answer:

Explanation:

The journal entry is shown below:

Inventory A/c Dr $73,500

         To Accumulated depletion A/c $73,500

(Being the depletion is recorded)

The computation is shown below

First we have to compute the depletion per ton which is shown below:

= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)

= ($400,000 + $100,000 + $80,000 - $160,000) ÷ (4,000 tons)

= $105

Now if 700 are extracted in first year, so the depletion would be

= 700 × $105

= $73,500

8 0
3 years ago
An investment project has annual cash inflows of $3,900, $4,800, $6,000, and $5,200, for the next four years, respectively. The
Volgvan

Answer:

1.88 years

Explanation:

Payback period is the time in which a project returns back the initial investment.  Initial Investment is recovered within the first two annual Cash inflows.

Payback Period = 1+0.88 = 1.88 years

All the working are made in the MS Excel File attached with this answer, pleas find it.

Download xlsx
7 0
3 years ago
Read 2 more answers
manolo is released after a three-week stay at a psychiatric hospital. they need to find an apartment near their place of employm
malfutka [58]

She should not have volunteered to be in a psychiatric hospital. People who are classified as "mentally sick" frequently elicit unfavorable responses.

Employment means having a job that is paid against the work you do. Employees are employed by an employer. As in We're striving to boost our employment of women, the term "employment" can also refer to the act of hiring individuals.

A wide variety of mental health conditions—disorders that impact your emotions, thinking, and behavior—are referred to as mental sickness, sometimes known as mental health disorders. Depression, anxiety disorders, schizophrenia, eating disorders, and compulsive behaviors are a few examples of mental sickness.

To learn more about employment

brainly.com/question/17459074

#SPJ4

5 0
11 months ago
What is money? Which of the following are functions of money? Correct Answer(s)
kari74 [83]

Answer: OPTION A , B , D

Explanation: In simple words, money can be defined as any thing through the exchange of which an individual can purchase any commodity he desires and for the exchange of which he can sell any commodity he wants. Cash, coins , bank check and credit cards are modern  forms of money.

A. Money serves as a standard unit for all goods hence option A is correct.

B. Money can be exchanged for every commodity available hence option B is correct.

D. Money is non depreciable asset hence it can be stored for future use leading to increase in wealth. Hence option D is correct.

6 0
3 years ago
Other questions:
  • A common rule is that housing expenses plus other debt payments should not be more than 36% of your monthly income your monthly
    14·1 answer
  • A contingency plan a. is unnecessary for organizations that face a dynamic environment. b. is developed after considering possib
    11·1 answer
  • In the theory of perfect competition, the assumption of easy entry into and exit from the market implies Group of answer choices
    7·1 answer
  • The valuation of a financial asset is based on the concept of determining the present value of future cash flows that this finan
    14·1 answer
  • Port Allen Chemical Company processes raw material D into joint products E and F. Raw material D costs $4 per liter. It costs $1
    12·1 answer
  • On August 1, Greene Company purchased merchandise inventory on account with a list price of $25,000 and credit terms of 2/10, n/
    9·1 answer
  • You have just taken out a $ 23 comma 000 car loan with a 4 % ​APR, compounded monthly. The loan is for five years. When you make
    7·1 answer
  • DuPont identity.  For the firms in the popup​ window,
    7·1 answer
  • What does Physchographic profile mean
    5·2 answers
  • According to Dr. Ridel's Levels of Critical Thinking in Chapter 1, what level of critical thinking applies to your current statu
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!