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Goryan [66]
4 years ago
8

The following transactions occurred during July: received $900 cash for services provided to a customer during July. Issued comm

on stock for $2,200 cash. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $375. Borrowed $6,000 from the bank by signing a promissory note. Received $1,250 cash from a customer for services to be performed next year. What was the amount of revenue for July?
Business
1 answer:
antiseptic1488 [7]4 years ago
8 0

Answer:

revenue for july 1,275

Explanation:

We only have to compute the services performed in July

900 cash services july

375  credit services july

1,275

The received from sales in junes doesn't count.

Also doesn't count the advance payment for services at next year

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Nichols Enterprises has an investment in 250 bonds of Elliott Electronics that Nichols accounts for as a security available for
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Answer:

The value per bond must be $1000

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The reason is that the short term investments must be valued at current fair market value which is $1000 per bond today so the perceived value of the unit bond which is $1200 per bond is irrelevant here.

The amount recorded = Number of bonds * Current market value

The amount recorded = 250 * $1000 = $250,000

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3 years ago
How can career readiness and competence help my career​
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4 years ago
DFB, Inc. expects earnings next year of $5 per share, and it plans to pay a $3 dividend to shareholders (assume that is one year
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$50

Explanation:

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the constant dividend growth model

price = d1 / (r - g)

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8 0
3 years ago
Greer went to her favorite manicure shop but the quality of her manicure was not as well done as previous times. What characteri
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Answer:

(1) <em>Services</em> <em>are not separable.</em>

<em>(2) Services</em> <em>are intangible: they can only be felt</em>.

Explanation:

(1) <u>Services are not separable</u>

Services can't be separated from a person once they are felt. In this case Greer felt had a satisfactory experience of manicures several times which enabled her to have a judgment about the latest manicure service.

(2) <em><u>Services </u></em><u>are intangible: they can only be felt</u>

<em>Services</em> are intangible i.e. they can only be felt. The past fruitful experiences of Greer towards the manicure services and the current latest manicure service experience was only felt by her and not measured numerically. The experiences felt from the respective service offerings enabled her to make the decision about her latest services availed of manicure.

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3 years ago
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<span>According to the United States Department of Commerce; U.S. Direct Investment Abroad: Balance of Payments and Direct Investment Position Data report, the United States had the largest total outstanding stock of direct overseas investments at the beginning of 2014.</span>
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