Answer:
Service revenue of $ 440
Explanation:
When the customer prepays, the revenue is yet to be earned hence the entries required would be a debit to cash account and a credit to unearned or deferred revenue.
As the service is rendered and revenue is earned, debit the deferred revenue account and credit the revenue account with the amount earned.
Since $660 was collected for 6 training sessions
Revenue from a training session
= 1/6 × $660
= $110
After 4 training sessions, revenue earned and to be recognized in the income statement
= 4 × $110
= $440
Answer:
D. project completion constraints
Explanation:
project completion constraint can be described as condition that influence the action or set of action that are involved in the completion of the project team, and this result in frequent change requests from client.
These could be time, cost and scope.
Therefore, among the given options, option D is correct.
Answer:
True
Explanation:
An auction is defined as a public sale of properties that considers bids from prospective buyers.
The highest bidder eventually makes the purchase.
The auctioneer calls for bids and when there is an unchallenged bid he pounds the gavel to indicate the item has been sold.
The auctioneer is the seller himself of am agent representing him.
At the start of the auction the seller sets a minimum price before bidding commences