Answer:
Scenario 1: It will recognize 10,600 revenue as the services were performed.
Scenario 2: It will recognize 1,560 revenue and the difference will be considered a sales discount.
Scenario 3: The services were provided during 2021 the cash disbursement are not linked to future services thus, Manitowoc will recognize 390,000 as sales revenue
Scenario 4: the company will recognize revenue for 30,600
If the remainining is expected to not be collected the accounting will use the allowance for doubtful account and bad debt expense to match the expense when the period they were generate but, it will not decrease the sales reveneu account.
Explanation:
Answer:
Debit interest receivable $1,500
Credit interest revenue $1,500
Explanation:
Adjust entries are used in accounting to record accrued revenue or expense at the end of an accounting period.
On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2022.
We are to calculate the adjustment at December 31, 2021.
We need to calculate interest accrued at year end. The loan would have stayed for 10 months.
Interest= principal* rate* time
Interest= 20,000* 0.09* (10/12)
Interest = $1,500
So we will debit interest receivable for $1,500 and credit interest revenue.
56.52% of the <span>total weeks of unemployment were attributable to the long-term unemployed
Explanation:
</span><span>There were 920 total weeks of unemployment
(52 week*10 people)+(4 weeks*100 people)
And 520 of those weeks were for long term unemployed
</span>520/920= <span>0.56521
or, rounded to be </span>56.52%
The most important to succeed in your job is A. SHOWING UP AND BEING ON TIME.
Showing up and being on time will serve as proof of your dedication to your job as well as a reflection of your character. It shows that you are committed to your job and is an asset to your employer.