1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Temka [501]
3 years ago
5

Eastwood Post Pavillion received a $650 check from a customer for the balance due. The transaction was erroneously recorded as a

debit to Cash $560 and a credit to Service Revenue $560. The correcting entry is ______.
Business
1 answer:
s344n2d4d5 [400]3 years ago
3 0

Explanation:

The correct journal entry is as follows:

Cash Dr $90

Service revenue Dr $560

         To Account receivable $650

(Being the cash received is recorded)

Basically we debited the cash for $90 and service revenue for $560 and credited the account receivable for $650 so that the correct posting could be done

The cash difference is

= $650 - $560

= $90

You might be interested in
Fill in the blanks: The plan you present during the advise phase of your inbound sales strategy closes the gap between _______ a
Hitman42 [59]

The plan you present during the advise phase of your inbound sales strategy closes the gap between where the prospect is now and where they want to be.

Explanation:

Inbound sales is a strategy that gives priority to individual customers ' desires, concerns, priorities and ambitions. Rather, retailers seek to reach customers where they are and direct them through the decision-making process rather than concentrate on closing their transactions as soon as possible.

In that phase you need to paint an image that the current plan of your perspective will not get you where you want to go, and that the plan you are about to present will close the gap between where you want to go and where you are now. In your presentation, what you are doing is to explain how to close this gap.

6 0
3 years ago
George Company has a relevant range of​ 150,000 units to​ 400,000 units. The company has total fixed costs of​ $527,000. Total f
Anestetic [448]

Answer: $0.54

Explanation:

Total cost = Fixed cost + Variable cost

$622,500 = $527,000 + Variable cost

Variable cost = $622,500 - $527,000

Variable cost = $95,500

Variable cost per unit will be calculated as the variable cost divided by the production unit. This will be:

= $95,500/176,000

= $0.54

The variable cost per units is $0.54.

8 0
3 years ago
Cuidado, a nonprofit organization that focuses on caring for the cklerly, encourages its members to do as much as possible for t
postnew [5]

Answer: Utilitarian influence- B

Explanation: Utilitarian influence is the influence that is based on individual or group who will make decisions based on what would produce the greatest amount of happiness.

It shows how individuals would comply based on perceived expectations of others to achieve rewards .

We can infer that Cuidado, non profit organizations uses Utilitarian influence because it felt that people will only subscribe to caring for the elderly in Thier organisations if they perceive expectations that may be benefited

from complying to Thier program.

3 0
3 years ago
Read 2 more answers
Some goods can be produced at low cost only if they are produced in large quantities. this phenomenon is called
I am Lyosha [343]
I believe your answer is:

economies of scale
3 0
3 years ago
Bates Company plans to add a new item to its line of consumer product offerings. Two possible products are under consideration.
ivolga24 [154]

Answer:

differential revenue = $7

so correct option is a.$7

Explanation:

given data

Product A costs = $6

contribution margin = $3

Product B costs = $12

contribution margin = $4

to find out

the differential revenue for this decision

solution

we get here the differential revenue for this decision that is express

so first we get here selling price for both product that is

selling price product A = Product A costs + contribution margin

selling price product A  = $6 + $3 = $9

and

selling price product B   = $12 + $4 = $16

so now we get differential revenue that is

differential revenue = selling price product B - selling price product A

differential revenue = $16 - $9

differential revenue = $7

so correct option is a.$7

4 0
3 years ago
Other questions:
  • Economist george stigler once wrote that, according to consumer theory, “if consumers do not buy less of a commodity when their
    10·2 answers
  • At the __________ level of decision making, functional managers focus on monitoring and controlling operational-level activities
    10·1 answer
  • Flora, who owns and operates garden fresh organic farms, agrees to sell harvesters grocery a minimum quantity of fresh fruits an
    5·1 answer
  • At the end of the year, Dahir Incorporated’s balance of Allowance for Uncollectible Accounts is $2,400 (credit) before adjustmen
    12·1 answer
  • In a game, a dominant strategy is a. the best strategy for a player to follow only if other players are cooperative. b. a strate
    5·1 answer
  • Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, inflation is
    15·1 answer
  • Gilmore, Inc., had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $210
    11·1 answer
  • Sisyphean Bolder Movers Incorporated has $10 billion debt, a total equity capitalization of $50 billion, and a beta of 2.0. Incl
    10·1 answer
  • Will name brainleist and give 5 points and friend
    11·2 answers
  • Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!