Can someone help me with question 12?

The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. Received

Anastasy [175]

Answer:

$1,575

Explanation:

We will clasify the item "revenue" or "not":

Received $1,050 cash for services provided to a customer during July -> yes, this is revenue
Received $5,000 cash investment from Bob Johnson : not revenue
the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June: not revenue for July, but June which was booked in June revenue already
Provided services to a customer on credit, $525: yes, this is July revenue though it's still on account receivable
Borrowed $7,500 from the bank by signing a promissory note: not revenue
Received $1,400 cash from a customer for services to be rendered next year: not July revenue, it's customer advace and might be next year revenue once services are completed

So the amount of revenue for July = Received $1,050 cash for services provided to a customer during July + Provided services to a customer on credit, $525

= $1,050 +$525

= $1,575

4 0

3 years ago

Stephanie, a manager, came into your office last week to complain about her employees. "I just don’t get the respect I deserve,"

Grace [21]

Answer:

A. Coercive

Explanation:

Stephanie, the manager seems to be demanding respect from her subordinates in a forceful way.

To coerce means to persuade an unwilling person to do something by threats or force.

Stephanie is frustrated because her method of coercion has failed to work on her subordinates so she has gone to report to a higher authority.

8 0

3 years ago

Many new ventures focusing on craft beer have been launched. If the goal is to make a profit, perhaps it would have been a bette

klemol [59]

Answer:

a. Total rate variance = $1,660 Unfavorable

b. Total efficiency variance = $450 Unfavorable

Explanation:

From the question, we have:

Standard for hops = 20 pounds per barrel

Standard rate = Standard rate for hops = $13.00 per pound

Barrels of Hopalong beer produced = 40

Actual quantity = Actual pounds of hops used = 830 pounds

Standard quantity = Standard pounds of hops = Standard for hops * Barrels of Hopalong beer produced = 20 * 40 = 800 pounds

Actual rate = Actual cost of hops per pound = $15

Therefore, we have:

a. Compute the total rate variance for the past month

Total rate variance = (Actual rate - Standard rate) * Actual quantity = ($15 - $13) * 830 = $1,660 Unfavorable

The total rate variance of $1,660 is unfavorable because the Actual rate is greater than the Standard rate.

b. Compute the total efficiency variance for the past month

Total efficiency variance = (Actual quantity - Standard quantity) * Standard rate = (830 - 800) * $15 = $450 Unfavorable

The total efficiency variance of $450 is unfavorable because the Actual quantity is greater than the Standard quantity.

6 0

3 years ago

Describe at least two advantages a large company has over a smaller company

Sliva [168]

a larger company can seem more reliable to some people and often times large companies can run smaller ones out of buisness

8 0

2 years ago

Read 2 more answers

An article published in a national newspaper states that a new drug manufactured by a well-known company to treat lung cancer is

Svetradugi [14.3K]

Answer:

The correct answer is: negative publicity.

Explanation:

Negative publicity refers to all type of information that is spread through different mediums of communication and affects an individual or organization reputation. This information is based on findings regarding those parties that most of the time is supported by facts. Negative publicity is one of the major causes of big corporate losses and even bankruptcies.

7 0

2 years ago