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BartSMP [9]
3 years ago
9

money owed to the hotel for services already performec is called (a)accounts payable(b)accounts receivable(c)unposted transactio

ns(d)unposted revenue​
Business
1 answer:
insens350 [35]3 years ago
4 0

Answer:

a) accounts receivable

Explanation:

Accounts receivable is money owed to a business by customers for  provision of goods or services on credit. Account receivable or (AR) are common in commercial transactions because few customers pay for products or services on delivery.

Hotels may allow customers to use their services and pay at a later date. Payments that the hotel expects for services offered in the past is the accounts receivables. Regular and loyal customers will be allowed credit services.

Accounts payable is the opposite of accounts receivables.  Account payable are debts of the company. Its represent goods or services consumed but unpaid for. Unposted transaction or revenue is payment received but has not accounted for in books of accounts.

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katovenus [111]

Answer:

C. LIFO liquidation

Explanation:

Benson Company uses the LIFO inventory costing method for both its tax reporting purposes and its financial reporting purposes. In its footnotes, Benson Company is required to report the amount at which inventories would have been reported under FIFO method.

The difference between these two numbers is commonly referred to as LIFO Reserve.

LIFO reserve represents the difference in ending inventory using LIFO and ending inventory if FIFO were employed instead.

Third option is the correct option.

LIFO reserve = FIFO inventory cost - LIFO inventory cost

FIFO inventory cost = LIFO inventory cost + LIFO reserve

4 0
3 years ago
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2 years ago
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Hope this helps!
5 0
3 years ago
A company is considering two projects.
zlopas [31]

Answer:

Option (B) is correct.

Explanation:

Given that,

Project 1:

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= 3 years

Therefore, the payback period for Project I is 3 years.

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"A user complains that his computer is taking a long time to boot. During the boot process, you observe that the hard drive acti
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