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mihalych1998 [28]
3 years ago
7

The following transactions occurred during November: Borrowed $2,700 from the bank in and signed a promissory note. Received $52

5 from a customer in as payment for services performed during October. Received $1,375 from a customer for services to be performed during December. Billed $3,950 to customers for services performed on account in November. Received $5,900 cash from the issuance of common stock to owners. Received $1,050 cash for services performed during November. What is the amount of revenue that will be reported on the income statement for the month ended November 30
Business
1 answer:
Anarel [89]3 years ago
6 0

Answer: $5,000

Explanation:

Going by the Accrual principle in accounting, revenue is only to be recognized when earned. This means that revenue from services performed in October and revenue from services to be performed in December, will not be part of revenue reported in November.

Revenue to be recorded in November income statement = Billed $3,950 to customers for services performed on account in November + Received $1,050 cash for services performed during November

= 3,950 + 1,050

= $5,000

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Answer:

Peripheral route.

Explanation:

The peripheral route to persuasion occurs when the listener decides whether to agree with the message based on other cues besides the strength of the arguments or ideas in the message.

8 0
2 years ago
Imagine you are planning how to set up your new business office. What types of technology and equipment might be needed? Why mig
erica [24]

The types of technology and equipment needed in a commercial office can be cybersecurity software as well as customer relationship management (CRM) systems that assist in collecting, analyzing and organizing the information of your customer base.

It is essential for an entrepreneur to understand some terms related to information technology to generate greater compliance, security and reliability in organizational processes.

<h3 /><h3>Hypertext</h3>

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<h3>URL (or link)</h3>

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Find out more information about technology here:

brainly.com/question/1757772

8 0
1 year ago
Lighting design personnel must: A. Understand environmental, cost, and associated benefits of energy-efficient lighting B. Recog
Setler79 [48]

Answer: All of the above

Explanation:

The Lighting Design Personnel is in charge of the designing, the installation, and the operation of lighting and every other special electrical effects.

Such person must understand environmental, cost, and associated benefits of energy-efficient lighting. Also, he or she must be bake to recognize when specialized knowledge is necessary and also estimate energy cost savings

Therefore, the correct option is all of the above.

6 0
2 years ago
If the margin of safety is 0, then a.the margin of safety cannot be less than or equal to 0; it must be positive. b.the company
sdas [7]

Answer:

d.the company is precisely breaking even.

Explanation:

Margin of safety is referred to current sales - Break even sales ratio to current sales as a percentage.

Basically it is quoted as follows:

\frac{Current\ sales\ -\ Break-even\ Sales}{Current\ Sales} \times 100

Therefore, when the current sales = Break even sales then only the company will have margin of safety = 0

Thus, at 0 margin of safety the company basically is at no profit no loss situation, that is break even.

3 0
2 years ago
Which kind of budget would cause the largest increase in a country's national
Zepler [3.9K]

Answer: One that decreases taxes and increases spending

Explanation: got it wrong

6 0
2 years ago
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