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Elena-2011 [213]
3 years ago
11

On September 1, 2018, Great Lakes Equipment receives $24,000 from a customer for work to be performed evenly over the next 2 yea

rs. What is the amount of revenue that Great Lakes Equipment should recognize on the income statement for the year ending December 2018?
Business
1 answer:
spayn [35]3 years ago
6 0

Answer:

$4,000

Explanation:

The computation of the equipment recognized on the income statement for the year ending December 2018 is shown below:

= Amount received from the customers ÷ Number of years

= $24,000 ÷ 2 years

= $12,000

This $12,000 is one year

Now for one months i.e from September 1 to December 31 is

= $12,000 ÷ `12 months × 4 months

= $4,000

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Answer:

an occupation undertaken for a significant period of a person's life and with opportunities for progress.

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An Uber driver faces costs for driving that include sunk costs like insurance that contribute to the average cost per mile of $.
crimeas [40]

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4 0
3 years ago
At Ultrinsic.com, students pay a small entry fee to compete in grades-based contests for cash prizes. Suppose that 15 students f
vekshin1

Answer:

A. incentives

Explanation:

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8 0
3 years ago
g When a monopolistically competitive industry is in long-run equilibrium: Multiple Choice price equals marginal cost. firms ear
kozerog [31]

Answer:

price equals minimum average total cost

Explanation:

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So this represents that price is equivalent to the average total cost

Hence, the last option is correct

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3 years ago
A journal designed for entering only sales on account is called the
grandymaker [24]
The answer to the question stated above is letter c. <span>sales journal.
</span>
Sales journals<span> are used for recording sales of merchandise on account, it is sometimes termed as credit sales.
 Cash sales are </span>not recorded on <span>Sales journal  because </span><span>they belong in the </span>cash receipts journal.
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3 years ago
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