Answer:
B. Clothing expenses
Mike wants to create graphics for web pages and wants to use them in e-learning. Mike can choose to be a Multimedia artist and this field requires at least a bachelor's degree in computer graphics, art, or related fields.
<h3>What do you mean by graphics?</h3>
Graphics refer to the visual designs or images to illustrate, entertain or inform.
Multimedia artists are innovators that develop animation and designs for various industries.
Mike can choose to be a multimedia artist to create graphics for web pages and can use them in the e-learning sector. Jobs in this field demand at least a bachelor's degree in computer graphics or a related field.
Learn more about Graphics here:
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Answer:
The correct answer is letter "D": Revenue should be recognized in the period goods and services are provided.
Explanation:
Revenue Recognition is an accounting term that describes how and when a firm records revenue in its books of accounting. Revenue recognition follows the <em>Generally Accepted Accounting Principle</em> (GAAP) and using the accrual method of accounting it requests to record revenue when earned, it is when the goods or services are provided regardless of when the money for those products is received.
Answer:
8.2%
Explanation:
Calculation to determine the expected rate of return
Expected rate of return= (.50 (.20)) +(.30(.08)) + (.20*(-.21)
Expected rate of return=0.1+0.024+(0.042)
Expected rate of return=.082*100
Expected rate of return=8.2%
Therefore the expected rate of return is 8.2%
Answer:
D. contra-asset, credit
Explanation:
An allowance for doubtful accounts is a contra-asset account with credit balance that nets against the total accounts receivables presented on the balance sheet to reflect those which are expected to not be collectible.
The allowance for doubtful accounts impact on the income statement only when is a charge to bad debt expense when is initially recorded. When an account receivable is written-off against the allowance for doubtful accounts only impact the balance sheet.