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SVETLANKA909090 [29]
3 years ago
11

G Elliston Company accepted credit card payments for $10,000 of services provided to customers. The credit card company charges

a 3% fee for handling the transaction. Which of the following describes the effect of this transaction:
A. increase revenue by $9,700.
B. increase assets by $10,000.
C. increase Retained Earnings by $9, 700.
D. increase net income by $10,000.
Business
1 answer:
qaws [65]3 years ago
4 0

Answer:

C. increase Retained Earnings by $9, 700.

Explanation:

Since it is given that the service provided to customers for $10,000 and it is also not reflected the company income so it would be considered after deducting the 4% free from the total amount i.e

= $10,000 - $10,000 × 3%

= $10,000 - $300

= $9,700

Hence, the retained earning is increased by  $9,700

Therefore, All other options are wrong

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Kray Inc., which produces a single product, has provided the following data for its most recent month of operations:
Ilya [14]

Answer:

$76

Explanation:

The computation of Unit product cost under variable costing is shown below:-

Unit product cost under variable costing = Direct material + Direct labor + Variable manufacturing overhead

= $47 + $21 + $8

= $76

So, for calculating the Unit product cost under variable costing we simply added the direct material, direct labor and variable manufacturing overhead.

7 0
3 years ago
State any four uses of funding in a new business
miss Akunina [59]

Answer:

Some of these funding options are for Indian business, however, similar alternatives are available in different countries.

  • Bootstrapping your startup business
  • Crowdfunding As A Funding Option
  • Get Angel Investment In Your Startup
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7 0
3 years ago
What section of your resume includes your GPA?​
Ipatiy [6.2K]
What do you mean do you have a better example..? But usually some jobs don’t ask
4 0
3 years ago
There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In su
KatRina [158]

The blank will be filled by services.

<h3>What do you mean by services?</h3>

Services are intangible activities or advantages that a business offers to meet customers' demands in exchange for cash or other valuables.

<h3>Which should be fill in blank?</h3>

There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In such situations, the customer perceives a high degree of Blank services between the service provider and the company he or she represents.

Learn more about services here brainly.com/question/24553900

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6 0
2 years ago
The country of Arcadia has clusters of associated businesses and suppliers which include individual dye and textile manufacturin
ivanzaharov [21]

Answer:

A) Related and supporting industries

Explanation:

Competitive advantage is the edge an entity has over others that results in higher profit margins.

According to Michael Porter there are 4 factors that gives national advantage in the international environment:

- firm strategy' structure and rivalry

- related supporting industries

- demand conditions

- factor conditions.

Related supporting industries refers to the presence of supporting industries that helps a company to thrive.

Forms depend on others for high productivity. When the presence of other supporting companies is adequate production will be maximised.

This is the case in the given instance where the country of Arcadia has clusters of associated businesses and suppliers which include individual dye and textile manufacturing firms, chemical plants, and leather manufacturing companies, most of which are well reputed and internationally competitive. This has made Arcadia a major force in the global economic market

6 0
3 years ago
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