Answer:
a. Debit Accounts receivable for $600
Explanation:
As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -
Accounts receivable (Debit) $600
Revenue (Catering) (Credit) $600
Accounts receivable is debit because the company owes the amount from the customers.
If this is a TRUE/FALSE question, the answer is FALSE.
In a free market economy, the government should not control how much a company can charge for products. In a mixed economy, the government can set certain restrictions on prices for some products (i.e. drugs, energy)
Explanation:
Market Positioning refers to a process of establishing the image or identity of a brand or products so that consumers perceuve it in a certain way for example: a car maker may position itself as a luxury status symbol
Answer: quid pro quo sexual harassment
Explanation:
The scenario represented in the question regarding Rhonda and her company's chief financial officer is referred to as quid pro quo sexual harassment.
Quid pro quo sexual harassment is a situation that occurs when benefits, pay, employment, position, training, title, position are based on the condition that the other individual involved agree to ones sexual advances. It should be noted that this is illegal.