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Vikki [24]
3 years ago
13

At the beginning of the month, Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end o

f the month, $300 worth of services were still owed to the customer. Select the adjusting entry that should be recorded at the end of the accounting period.
Business
1 answer:
finlep [7]3 years ago
6 0

Answer:

The adjusting entry that should be recorded at the end of the accounting period:

Debit Unearned revenue $500

Credit Revenue $500

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end of the month, $300 worth of services were still owed to the customer.

The value of services were performed = $800 - $300 = $500.

The adjusting entry:

Debit Unearned revenue $500

Credit Revenue $500

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∆DEF, FE=5 and angle D=43
shtirl [24]

The side FE is opposite to the angle <D in the right triangle ∆DEF while DE is the adjacent side.


Thus, FE / DE = tan<D and DE = FE cot<D = 5 / tan 43° = 5/0.93 = 5.4 and the answer is B.

6 0
3 years ago
Do you think a person should be fired if it is found that he or she helped employees cheat their company out of overtime once in
Rainbow [258]
Yes I think there would be grounds for firing if an employee helped his fellow employees cheat on overtime. Relations between the employee and the company should be based on a fair day's work for a fair day's pay and pay should only be based on the hours actually worked. If there is any dispute over pay or time off for overtime it needs to be discussed openly with the employee's supervisor.
7 0
3 years ago
Rhys Hoskins is the president of RH Corporation (RHC). RHC has provided the following partial listing of costs incurred during A
zimovet [89]

Answer:

$306,000

Explanation:

To determine manufacturing costs, consider only those cost that can be directly traced to the product manufactured and plant related costs.

<u>Total Manufacturing Cost Calculation :</u>

Factory Utilities                         $11,400

Indirect Materials                    $39,500

Direct Materials                     $166,400

Equipment Depreciation        $47,000

Direct labor                              $91,700

Total Manufacturing Cost    $306,000

5 0
3 years ago
If the demand for product x is inelastic, a 15 percent decrease in the price of x will:____.
Marrrta [24]

If the demand for product x is inelastic, a 15 percent decrease in the price of x will: Reduce by more than 15 percent the amount of X that is being requested. Reduce by less than 15 percent the amount of X that is being requested.

This is further explained below.

<h3>What is the inelastic market?</h3>

Generally, An economic concept known as inelastic refers to an item or service's static quantity when its price varies. When a product's price increases or decreases, customers' purchasing patterns are said to be inelastic, which indicates that neither change affects the other.

In conclusion,If there is no elasticity in the demand for product x, then a price reduction of 15% for product x will have the following effects: The quantity of X that is being requested should be decreased by more than 15 percent. The quantity of X that is being sought should be decreased by more than 10 but less than 15 percent.

Read more about the inelastic market

brainly.com/question/24013367

#SPJ1

5 0
1 year ago
The term Blank______ is difficult to define and apply to products, and one can think about it from an organizational, consumer,
Sliva [168]

<em>It can be </em><em>challenging to define and apply the term "new" </em><em>to items. One can consider it from an</em><em> organizational, consumer, or even legal standpo</em>int.

<h3>The meaning of "new product"</h3>

"New products" can include items that have never been produced or sold by your company previously but have been introduced to the market by others. new product innovations developed and released to the market. They could be wholly original works or previously released works that you have improved and updated.

<h3>What is a new to the company product?</h3>

Products that are new to the company, meaning that while other companies may have created or sold them before, the company has never done so. Products that have just entered the market and have never before been available there

learn more about new to the company product here <u>brainly.com/question/14094175</u>

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6 0
2 years ago
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