Answer and Explanation:
The journal entries are shown below:
On Mar 12
Account receivable Dr $9,100
To Service revenue $9,100
(Being the service provided on the account is recorded)
For recording this we debited the account receivable as it increased the assets and credited the service revenue as it also increased the revenue
On Mar 20
Cash $8,918
Sales discount ($9,100 × 2%) $182
To Accounts receivable $9,100
(Being cash received recorded)
For recording this we debited the sales discount and cash as it increased the discount and assets and credited the account receivable as it reduced the assets
Answer:
Customer-focused compensation strategy
Explanation:
Customer-focused compensation strategy is the rating system where the employees are rated based on the way customers are being serviced. In this scenario, Mich Inc. is rating its employees on their friendliness, usefulness, and product knowledge, so the compensation strategy followed by Mich is closely described as a customer-focused strategy.
Answer:
Phenotypes are the visible characteristics of an organism. In the case of humans, phenotypes are determined by things like eye color, hair color, hair texture, or skin color.
Genotype is the total genes, or genome, of an organism, whether they are expressed or not, visibile or not.
For example, a brown-eyed person can have both a dominant gene encoding for brown eye color, and a recessive gene encoding for blue eye color. Phenotypically, this person has brown eyes, but his genotype includes both brown eyes genes and blue eyes genes.
Phenotype could have been distinguished from genotype when the firs multicellular organisms emerged.
We can actually deduce here that the statement, "revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed" is true.
<h3>What is revenue?</h3>
Revenue is actually known to be the general or total income that an organization or a firm makes from sales of their goods and services. Revenue made helps to ascertain how the company is fairing in terms of sales and customer retention.
We see here that it is true that revenue is recorded whenever services have performed and the service provider has received the payment.
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Priscilla does not need to consider the cost of the new equipment.
Originally used by the Inuit, kayaks are a sort of canoe with a light frame and a watertight covering that has a tiny space in the top to sit in.
As a type of compact watercraft, kayaks are renowned for their exceptional design. A boat that is quick, strong, and simple to turn may be modified for calm lakes, swift rivers, and rough seas thanks to its light hull, covered top, and shallow base.
Instead of continuing to use her outdated pieces of equipment, Priscilla could swap them out for more modern ones.She shouldn't consider the price of the new equipment as a result.
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