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MakcuM [25]
3 years ago
10

Payments from customers received before performing services for the customers are recorded as

Business
1 answer:
Pachacha [2.7K]3 years ago
7 0

Answer:

B) liabilities.

Explanation:

When the payment is received from the customer before performing the services is known as unearned service revenue

The journal entry is

Cash A/c Dr XXXXX

          To Unearned Service revenue A/c XXXXX

(Being advance payment is received)

We simply debited the cash account as cash is received and credited the respective account i.e unearned service revenue

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Book Co. has 1.4 million shares of common equity with a par​ (book) value of $ 1.00​, retained earnings of $ 28.1 ​million, and
mash [69]

Explanation:

The computations are shown below:

a. The market value of equity is

= $50.96 per share × 1,400,000  shares

= $71,344,000

b. The market value of debt is

= $105% × $21,100,000

= $22,155,000

c. Now the weights are as follows

Weight of equity is

= $71, 344,000 ÷ ($71,344,000  + $22,155,000 )  

=  0.7630

And,

Weight of debt = 1 - 0.7630

= 0.237

5 0
3 years ago
Fiat money: a is currency backed by the gold in Fort Knox. b is currency from Italy. c has advantages over commodity-backed mone
Lapatulllka [165]

Answer:

Option D.

Explanation:

Fiat money refers to currency that is issued by the government and which is not backed by any physical commodity, such as gold or silver, but rather by the government that issued it.

The value of fiat money is gotten from the relationship that exists between supply and demand and the stability of the issuing government. The value is not based on the worth of a commodity backing it as is the case for commodity money.

Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies. One risk that fiat money faces is the printing of too many of a particular currency, which can contribute to hyperinflation.

3 0
3 years ago
Read 2 more answers
You live in a town with 300 adults and 200 children, and you are thinking about putting on a play to entertain your neighbors an
Serjik [45]

Answer:

Explanation:

To maximize profit, you would charge $8 for an adult's ticket and $4 for a child?s ticket. Total profit in this case would be $800.

The city council passes a law prohibiting you from charging different prices to different customers.

Now you set a price of $8 for all tickets, resulting in $600 in profit.

Indicate whether each of the following groups of people is better off, worse off, or the same because of the law prohibiting price discrimination.

Groups of People Better Off Worse Off Unchanged

Adults x

Children x

You, the Producer x

Suppose the fixed cost of the play were $2,600 rather than $2,000.

Complete the following sentences indicating how this would change your answers to the previous parts.

In the presence of price discrimination, the adult price of a ticket would remain the same, and the child price would remain the same. Total profit would fall to $200.

If price discrimination were banned and the monopolist continued to produce the play no matter what the profit, the price of a ticket would remain the same, and total profit would fall to $0.

7 0
3 years ago
It’s important to know whether you’ve paraphrased and cited source material for your paper correctly so you avoid plagiarism. Re
Oksanka [162]

Answer:

The correct answer are: Example of Plagiarism ; Correctly Paraphrased.

Explanation:

Plagiarism is using someone else's work, ideas, or words as if they were their own, without explicitly crediting where the information comes from.

The outside information is owned by another person (such as a car or anything else we own), regardless of whether it is free or not, or in the way we have accessed it (on the Internet, a magazine, a book) . Our words belong to us and cannot be used without our permission.

When paraphrasing, a person performs a paraphrase of a speech, whether oral or written. For this, words, syntax and other elements of the original content must be replaced, always respecting the meaning, so that information is not lost in the process.

4 0
3 years ago
If the labor force is 320,000 and the total population 16 years of age or older is 400,000, the labor-force participation rate i
Anon25 [30]

Answer:

80 %

Explanation:

Given that,

Labor force = Employed people + Unemployed people

                    = 320,000

Total population 16 years of age or older = 400,000

Therefore, the labor force participation rate is as follows:

= (Labor force ÷ Population of 16 years of age or older) × 100

= (320,000 ÷ 400,000) × 100

= 80 %

6 0
3 years ago
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