Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will It increases 11.11% to 20% by the increase in units.
A water-soaked paper towel is an example of absorption. If you dip a crayon into the ink for a while, it will take on the color of the ink through absorption. Oxygen and carbon dioxide dissolves in water by absorption. Absorption of ammonia gas by water.
Absorption is the process by which digestive products are taken into the blood to nourish the rest of the body. During absorption, digestive products are carried through the mucous membranes into the blood or lymph.
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Answer:
1- A) Cash (Dr.) $1,000
Accounts Receivable (Cr.) $1,000
2- b. Unearned Revenue
3- c. determining when to record revenue.
Explanation:
1- When a company sales its products to its customers on credit basis under accrual accounting system it records Accounts receivable as debit and sales as credit. At a later date when the customer pays the cash, the company makes adjusting entry; cash as debit and Account receivable as credit.
2- Cash basis accounting system is one in which revenues and expenses are only record when there is actual cash exchange which means revenue will be recorded only when cash is received from customers and expenses will be recorded when they are actually paid.
Accrual basis allows to record revenue when it is earned and expenses when they are billed. Unearned revenue account will only be used if the company is using accrual basis accounting.
3- Revenue recognition principle guides the account when to record revenue under cash basis and accrual basis accounting systems.
D. manual
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Barter
Trading a good or service directly for another good or service, without using money or
credit.
Capital Resources
Resources made and used to produce and distribute goods and services; examples
include tools, machinery and buildings.
