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Vitek1552 [10]
3 years ago
10

A liability created when a business collects cash from customers in advance of providing services or delivering goods is called?

a(n)
Business
1 answer:
Bumek [7]3 years ago
3 0
<span> <span>The liability created by receiving cash before providing the service or delivering the goods in question is called unearned revenue. In this case, the entity providing the goods/services records this transaction as revenue that has been generated but in real sense, the seller remains with the liability until after the actual delivery of the goods/services. The purpose of this practice can be advantageous to the seller in certain situations such as easing the burden of paying interest on debts.</span></span>
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Kathy Bates has just moved into a condominium complex of 60 units. The complex has a swimming pool, and a management company tak
ozzi

Answer:

special assessment

Explanation:

Special assessments are taxes levied on real estate to fund public improvements to the property that will benefit that property.

It is also called improvement taxes.

6 0
3 years ago
Some people contend that any ____ worldview will eventually fail because it wrongly assumes we now have or can gain enough knowl
Strike441 [17]

Answer:

human-centered

Explanation:

human-centered Worldviews is when human is been seen as crucial specie that exist on Earth. It should be noted that any human-centered worldview will eventually fail because it wrongly assumes we now have or can gain enough knowledge to become effective managers or stewards of the earth.

4 0
3 years ago
The Miller Company earned $133,000 of revenue on account during Year 2. There was no beginning balance in the accounts receivabl
horsena [70]

Answer:

The net realizable value of Miller's receivables at the end of Year 2 was:  $42,010

Explanation:

Open a Trade Receivable Account as follows :

Debits :

Revenue $133,000

Totals      $133,000

Credits:

Cash        $87,000

Balance   $46,000

Totals      $133,000

Note that Allowance for Doubtful debts is estimated at 3% of the Company`s Sales on Account

Allowance for Doubtful debts = $133,000 × 3%

                                                 = $ 3, 990

<u>Net realizable value of Miller's receivables</u>

Trade Receivable Balance                $46,000

Less Allowance for Doubtful Debts    $3,990

Trade Receivables                              $42,010

4 0
4 years ago
HELPPPPP
Rashid [163]

Answer:

Yes, that sounds about right

Explanation:

Till the age of retirement, a person's mostly expenses are finished, like growing his children, educate them, get them married, etc. He is left with only few expenses like running the house or meet his personal expenses. So the Social Security and some regular savings would be enough for him to lead a respectable life in the society. Also, his children are settled enough to fulfill his expenses at this point of his life. So there is no necessity to invest in a retirement plan that pays you 80% of your regular income. Social security and savings would be enough for the person.

4 0
2 years ago
Richard takes the opinion of his investment advisor to invest any excess savings that he has. His advisor told him about a new i
Sergeeva-Olga [200]

Answer:

The answer is "Option b".

Explanation:

A lump-sum payment is always a big amount, payable in one transaction rather than in installments. They usually relate to pensions as well as other pension systems, such as 401 K accounts, for which seniors accept a smaller payment in front instead of a greater amount given throughout time.

The ordinary rent is also an equitable payment season made for a specified duration after time steps. Payment is usually made monthly, quarterly, semi-annéely, or yearly, even if in ordinary annuities as frequent just like every week.

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5 0
3 years ago
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