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Elza [17]
3 years ago
7

Argyle Designs has entered into a contract to design 10 new dresses for a customer. It will collect a total of $49,000 after the

design services are complete. Argyle started design work on June 1. As of June 30, it finished 2 of the 10 designs. The company will make an adjusting entry at the end of June to accrue $12,250 of service revenue.True / False.
Business
1 answer:
mote1985 [20]3 years ago
6 0

Answer:

False

Explanation:

The reason is that accrual concept says that the income must only be realized when the revenue are earned which means that the company has delivered her consideration (The part of the service that is delivered to the customer which has monetary value). So the income earned is equal to the monetary value of the two suits they had designed till June 30. So the double entry would be:

Dr Revenue accrued 49000/10suits  *2 suits = $9800

Cr                       Trade Receivables                                 $9800

So saying that the service revenue of $12,250 must be accrued is totally false statement.

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Which PCI security requirement relates to the physical protection of banks’ customer data?
iVinArrow [24]

The answer is <u>"D. Network vulnerability management".</u>


A network vulnerability assessment is the way toward auditing and dissecting a PC arrange for conceivable security vulnerabilities and escape clauses.  

It is utilized by system chairmen to assess the security design and safeguard of a system against possible vulnerabilities and dangers.  

A network vulnerability assessment helps network administrators or organize security staff to evaluate the security quality of a specific system.

4 0
3 years ago
Read 2 more answers
Increasing and decreasing the decimal option on Excel is intended for:
liraira [26]

Answer:

i think its C

Explanation:

3 0
4 years ago
All competitive advantages have:________1. a limited life. 2. unrestricted sustainability. 3. protections against imitability. 4
dimulka [17.4K]

Answer:

The answer is the ability to earn above average returns indefinitely

Explanation:

To earn above the average returns are form of returns in excess of what an investor expects to earn from other investments with similar amount of risk. This gives an ability to manufactures to produce at the lowest cost, which is an advantage to organizations.

7 0
3 years ago
Read 2 more answers
A firm can lease a truck for 4 years at a cost of $30,000 annually. It can instead buy a truck at a cost of $80,000, with annual
valina [46]

Answer:

Leasing.

Explanation:

Find the present value of each and compare and choose the one with the lowest cost in present value terms.

<u>LEASE;</u>

Payments are in form of an annuity ;done using financial calculator (TI BA II plus)

PMT = -30,000

N ;duration = 4

I/Y = 10%

FV = 0

then CPT PV = -$95,095.96

<u>BUY</u>

Initial cost; (already in present value terms) = -$80,000

Annual maintenance(is an annuity); done using financial calculator (TI BA II plus)

PMT = -10,000

N ;duration = 4

I/Y = 10%

FV = 0

then CPT PV = -$31,698.65

Add PV of salvage value;

PV = FV/ (1+r)^4

PV = 20,000 /(1.10^4)

= 20,000/ 1.4641

= $13,660.26911

Overall PV of BUYING = (-80,000 -31,698.65 + 13,660.26911) = -$98,038.38

Therefore, leasing is a better option since the overall present value of costs  is lower at $95,095.96 compared to that of buying at 98,038.38.

8 0
3 years ago
1. Do you think it is a good idea to have employers withhold
Alina [70]

Answer:

No,

Explanation:

The tax withholding system is something that most of us take for granted, but the concerned citizens, politicians and economists who have analyzed it have many criticisms of the system.

Taxpayers have no idea how much they pay and are apathetic about tax rates

If taxpayers had to make one large payment, they would know exactly how much they were forking over for federal taxes, Social Security taxes, Medicare taxes and state taxes. Since the money is taken gradually, many people never pay attention to the full amount, which makes it easier for high tax rates to persist and for the government to increase tax rates. For example, the state of California in 2009 decided to use the tax withholding system to take a large, interest-free loan from its taxpayers. It increased the withholding tax by 10%, and even journalists didn't seem to notice until the days before the rate hike was implemented. The government says it will refund the borrowed money in April.

5 0
3 years ago
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