Answer:
June 15
Dr. Account Receivable $24,000
Cr. Service Revenue $24,000
At the time of Receipt in July
Dr. Cash $24,000
Cr. Account Receivable $24,000
Explanation:
As the Services are performed on June 15, and Great Venture has a right to received the payment against the services provided. So, the revenue is recognized and The payment for the services has not been made yet. This result in the creation of account receivable, That is expected to receive in July.
In July the payment is received. The cash account will be debited as the cash is received and on the other hand account receivable will be credited to remove the due balance of $24,000 from receivables balance.
Answer:
d. recognition of realized gains or losses on sales
Explanation:
In the case of trading securities, the non-realized gain and losses should be recorded in the income statement. So at the time when securties are sold so here the realized gain are distinct as compared to the afs and htm securties
So as per the given situation, the option d is correct
And, the same should be considered
The answer is "<u>The disagreement between these economists is most likely due to differences in scientific judgments."</u>
It isn't surprising that as the inquiry proceeds with, researchers at times differ about the bearing in which truth lies. Economists regularly differ for a similar reason. Economics is a youthful science, and there is still much to be educated. Economists here and there differ in light of the fact that they have distinctive hunches about the legitimacy of elective hypotheses or about the extent of critical parameters that measure how monetary factors are connected.
Answer:
B. $57
Explanation:
The computation of the opportunity cost of the theater shown below:
= Earning per hour × number of hours + cost of the theater ticket
= $9 × 3 hours + $30
= $27 + $30
= $57
To find the opportunity cost we considered the total earnings and the cost of the theater tickets so that the accurate cost of the theater could come.
Answer:
=80%
Explanation:
The yield ratio shows the efficiency of a selected recruiting method. It is expressed as a percentage of candidates invited for an interview from the recruiting method in review.
In this case, there were 25 applicants. Five were disqualified, meaning 20 were interviewed.
Yield ration of advertisement will be;
20/25 x 100
=0.8 X 100
=80%
