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: See explanation
Explanation:
September 1:
Debit Common stock $6000
Credit: Cash $60000
September 1:
Debit: Rent $1500
Credit: Cash $1500
September 3:
Debit: Cash $10000
Credit: Note payable $10000
September 3:
Debit: Cleaning Equipment $5,500
Credit: Cash $3,000
Credit: Account payable $2,500
September 4:
Debit: Supplies $4200
Credit: Cash $4200
September 10:
Debit: Cash $3500
Credit: Service revenue $3500
September 21:
Debit: Account receivable $3800
Credit: Service revenue $3800
September 23:
Debit: Account payable $2500
Credit: Cash $2500
September 28:
Debit: Bank $2800
Credit: Account receivable $2800
September 29:
Debit: Electricity expense $85
Credit: Electricity payable $85
September 30:
Debit: Wages $1950
Credit: Cash $1950
September 30:
Debit: Gasoline $275
Credit: Cash $275
September 30:
Debit Dividend $900
Credit Cash $900
Answer: $33750
Explanation:
First and foremost, we have to calculate the interest paid for the year which will be:
= $750000 X 9%
= $750000 × 0.09
= $ 67500
Therefore, the semi annual payment will them be calculated as:
= $67500 / 2
= $33750
Answer:
Mental states selling
Explanation:
Mental states selling, or the formula approach to personal selling, assumes that the buying process for most buyers is essentially identical and that buyers can be led through certain mental states, or steps, in the buying process. Relies on a structured sales presentation just like the stimulus response. These mental states includes (AIDS) attention, interest, desire, and action
