Answer:
(A) Total assets,
(C) Cash from operations and
(D) Total liabilities
Explanation:
A company collecting $10,000 cash from a customer as a deposit for goods that will be shipped next quarter is an example of an unearned revenue. It is receiving money from the customer in advance for the good or service yet to be provided.
And this is considered as a liability and recorded in the balance sheet as such because the company now owes the customer.
When the good or service is now provided, it increases the total assets.
Answer and Explanation:
From the following given case or scenario, we can state that Ben in this particular case would select the best alternative during the rational decision making process. In this particular case, Ben tends to believe that he can easily cut the other expenses in order to maintain the budget for this year.
I think it’s a and b are correct
Answer:
If volume reaches 500 units, net income will be: $715
Explanation:
When volume of sales was at 400 units:
Selling price per unit = Sales Revenue/400 = $1,600/400 = $4
Variable Cost per unit = Variable Cost/400 = $700/400 = $1.75
If volume reaches 500 units:
Total Sales Revenue = $4 x 500 = $2,000
Variable Cost = $1.75 x 500 = $875
Fixed Cost will not change = $410
Net income = Total Sales Revenue - Variable Cost - Fixed Cost = $2,000 - $875 - $410 = $715
Answer:
That statement is true
Explanation:
- Issued by money-centered financial firms,
- short- or medium-term insured debt instruments pay higher interest than a regular savings account.
Those are the characteristics of Certificate of deposit
The certificate of deposit that issued by a bank is protected by Federal Deposit Insurance Corporation. This means that you guaranteed the return of your investment.
As the risk of investment becomes lower, the amount of profit tend to also become lower along with it. This happens to all forms of investment.
On average, the amount of profit you can get from an investment through certificate of Deposit is only around 2% per year,
