Answer:
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Explanation:
The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.
The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.
Answer:
It's best to invest in the second economy
Explanation:
The question does not provide information on the hypothetical economic expectations of the two economies, but as a risk-averse investor, it's a better idea to try to "spread" the risk instead of concentrating it.
In the first economy, conditions might or might not be good. If they are good, returns will be extraordinary because all stocks will provide good returns, but if conditions take a turn for the worse, all stocks prices will fall and the financial consequences will be catastrophic.
In the second economy, results might never be as good as in the first economy, but they also will not ever be as bad. The risk is spread between various stocks, and while some may fall in price, others will rise, and viceversa. For a risk-adverse investor, this a far better option.
Answer:
$13,000
Explanation:
The computation of the december 31 liability for the warranty is shown below:
Given that
Warranty expense = 5% of sales
Warranty payable = $13,000
Paid amount = $5,000
Sales = $120,000
based on the above information
The warranty liability as on Dec 31 would be equivalent to the warranty payable i.e. $13,000
The same is to be considered
Answer:
The answer is letter A. Environmental Scanning.
Explanation:
At the beginning of the video, we learn that Rosalie’s sales numbers have declined. The Marketing Director, Product Development lead, and Sales Manager proceed to engage in a broad discussion of the different factors that may have led this decline. They are engaging in a process known as _Environmental Scanning._______.
