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MakcuM [25]
4 years ago
10

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

Business
1 answer:
Pachacha [2.7K]4 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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An operation operates with a variable cost percentage of 72%. The owner wants to increase sales revenue by an amount necessary t
padilas [110]

Answer:

The answer is $2,857.14    

Explanation:

Let us assume Sales be $500 per month  

                                                 Monthly    

Sales                                    $500    

Less: Variable Cost(72%)    $360    

Contribution(will be 28%)    $140    

Less: Fixed Cost(Assume)      0    

Operating Income                     $140    

If there should be an increase of $800 per month in the operating Income

Revised Operating Income $140 + $800 = $940  

Therefore Contribution is equal to $ 940  

If Contribution is $940 equal to 28%, then Sales be 100%  

$940 ÷ 28%    

$3,357.14    

Therefore additional increase in Sales revenue required per month

$3,357.14 - $500    

$2,857.14    

4 0
4 years ago
Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The company applies factory o
Anvisha [2.4K]

Answer:

Predetermined manufacturing overhead rate= $14.8 per machine hour

Explanation:

Giving the following information:

Factory 1

Estimated factory overhead= $18,500,000  

Estimated machine hours for year 1,250,000

T<u>o calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 18,500,000/1,250,000

Predetermined manufacturing overhead rate= $14.8 per machine hour

8 0
3 years ago
Thao is interested in construction and architecture. She would like to become a Civil Engineer in the future.
JulsSmile [24]

Answer:

i thinks it is a,c,d,e

Explanation:

i dont think science and computer drafting have anything to do with engineering and architecture.

4 0
3 years ago
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The highest barometric pressure ever recorded was 1083.8mb (32 in) at Agata, Siberia, Russia (alt. 262m or 862ft) on 31 December 1968. This pressure corresponds to being at an altitude of nearly 600 m (2,000 ft) below sea level!

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3 years ago
Clear, ambiguous acceptance criteria for all deliverables are important because they are the basis for verifying that the projec
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<span>This statement is false. Ambiguous acceptance criteria would be unclear, as the word ambiguous implies that the criteria is unclear and can be interpreted multiple ways. Clear, unambiguous acceptance criteria would ensure that the customer's requirements were only interpreted how they were expected.</span>
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