Answer:
Debit Credit
Accounts Receivable xxx
Revenue xxx
Explanation:
Since the services to the customers has been provided by the StoryBook Company for the month of the December, therefore,the revenue shall be credited in the accounts of the StoryBook Company but since the customer has not paid for the services provided, therefore the accounts receivable shall be debited and accordingly the following journal entry shall be recorded in the accounts by the StoryBook Company:
Debit Credit
Accounts Receivable xxx
Revenue xxx
Answer:
Utility overvalued
Explanation:
According to economists, such people over value the utility they are meant to get in the future. They only want to get the entire satisfaction at a go because of the fear of not getting that food again in the nearest future.
Answer:
report talk
Explanation:
The conversation between Pat and Gerard is a classic example of report talk, where the individuals included in the conversation simply state facts about various things, giving little to no emotions into what they talk about.
This conversation ritual is opposed to rapport talk, where emotions and empathy are infused in the conversation.
Answer:B.dividing the cost budgeted for each activity pool by the estimated activity base for that pool.
Explanation: Product costing is a term used in Manufacturing to describe the process through which the total cost of Manufacturing a product is determined.
Activity based costing is a costing method that gives manufacturers the opportunity to cost the product by determining the cost of each activity involved in the Manufacturing process of that product.
ACTIVITY RATE IS EQUAL TO THE RATIO OF BUDGETED ACTIVITY COST OF THE COST POOL AND THE ESTIMATED OR BUDGETED ACTIVITY BASE OF THE COST POOL.
Answer:
The answer is D. Can be used to predict future profits at different levels of activity
Explanation:
The contribution income statement is a company’s financial statement that indicates how the revenue is transformed into the net income. Income statements should help investors and creditors determine the past financial performance of the enterprise, predict future performance, and assess the capability of the business to generate future revenue streams through the reporting of income and expenses.
