Answer:
$59,500
Explanation:
Following are the table of the given question of adjusting entry .
Date Particular Debit Credit
December 31 Receivable amount $59,500
December 31 Fess earned $59,500
B
- No in the cash-based accounting the adjustment is not recording as the fees earned .
- When the respective entry is in cash entry we will never be recorded in the adjustment entry
<span>For the answer to the question above, the $25,000 due in 90 days.
I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56
Solve for r: 616.44 = 24383.56*r*(90/365)
r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded off the </span></span>24383.56
Answer: d
Explanation:
All of the answers are correct.
Money is defined as a legal tender or something which is generally accepted as a means of payment for goods and services . This brings us to the characteristics of money which includes :
durability, portability, divisibility, uniformity, limited supply, and acceptability. All of these were stated in the options given in the question above hence all the answers are correct.
Answer:
A. True
Explanation:
The formula to compute the cost of goods manufactured is shown below:
Cost of goods manufactured = Opening work in process + Manufacturing cost - ending work in process
here the manufacturing cost refers to the direct material cost, direct labor cost and the manufacturing overhead cost i.e. indirect cost that is required to manufacturing a product
hence, the given statement is true
It should be noted that when developing the tone for a claim letter, d. remember that smart businesses know that retaining a customer is far less costly than recruiting a new one
<h3>What is Letter Writing?</h3>
This refers to the use of words to communicate or send a message to a person with letters.
Hence, it can be seen that when writing a claim letter, it is important to set the tone to make it more effective and this can be done by having in mind to retain the customer rather than losing him.
Read more about letter writing here:
brainly.com/question/26430877
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