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Scilla [17]
3 years ago
14

Bryson Accounting Services performed accounting services for a client in December. A bill was mailed to the client on December 3

0. The company received a check by mail on January 5. Which of the following accounts should appear on the balance sheet as of December 31 as related to the services performed?
A) Prepaid Expense
B) Accounts Receivable
C) Unearned Revenue
D) None, there is no entry in December.
Business
1 answer:
AnnZ [28]3 years ago
8 0

Answer:

B) Accounts Receivable

Explanation:

Based on the information provided within the question it can be said that as of December 31st the account that should appear on the balance sheet are accounts receivable. These are claims for a payment for goods or services provided by the firm, and are usually sent in the form of invoices to the customer that needs to pay them in a given amount of time.

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At the end of 2008, how many businesses were operating in the United States?
vredina [299]

Answer:

27.2 million

Explanation:

Online sources indicate that 27.2 million small businesses were operational in 2008.

In 2008, the US and the globe experienced a financial crisis that resulted in massive job losses and reduced business income. It is also at the time that many small businesses were started. After the 2008 crisis, small businesses continued to increase and flourish in the US.

8 0
3 years ago
What do you call that carbon copy paper where what you write on the top sheet transfers to the other sheets?
Minchanka [31]
That type of paper is called carbonless copy paper, or non-carbon copy paper, or NCR Paper (= no carbon required). 
You use it when you don't want to copy the same thing twice, or three times, or more, so you just take this paper, with some papers underneath it, and write on the first paper, and everything you write will be transferred onto those papers below it.
4 0
3 years ago
If there are important external benefits associated with the consumption of a product:_______.
pentagon [3]

Answer:

C. the market demand curve understates the relative importance of the product and resources are therefore underallocated to its production.

Explanation:

Positive external benefits refer to third party positive side effects, above & beyond private marginal benefit to the concerned consumer.

Eg : Education - Its consumption not only affects the concerned person, but the positive trickle down to the people & society around.

Personal consumption decisions are based on : equalisation - of private marginal benefit (demand) curve & private marginal cost curve. However, goods having positive external benefits have real marginal benefit curve increased over private benefit curve, by the extent of extra marginal social benefit.

So, market demand (based on private marginal benefit) curve understates the importance of product, and resources are therefore underallocated to its production (due to undervaluation of demand).

4 0
2 years ago
Keenan owns a retail store. He often receives payments from some of his manufacturers to ensure their products are placed in the
Serjik [45]

Answer: Slotting allowances

Explanation:

 The slotting allowances is the term which is used to charge by the manufacturers for the specific products and the services ion the market. It is also known as the slotting fee and the charged allowances is specifically varies or depend upon the specific products and the different marketing conditions.

According to the given question, the slotting allowances is refers as the payment that is made by the producers for ensuring their goods and the services best place.  

 Therefore, Slotting allowances is the correct answer.          

3 0
3 years ago
Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through tw
liubo4ka [24]

Answer:

<u>Physical flow schedule</u>

Inputs

Beginning Work in Process                86,300

Add Units Started                              105,900

Total                                                    192,200

Outputs

Units Completed and Transferred   172,900

Units in Ending Work in Process       19,300

Total                                                    192,200

Explanation:

A physical flow schedule is simply a schedule of units introduced into the process and units outputs without expressing them to equivalent units.

Units Introduced must always be equal to units outputs in physicals terms.

<em>Units Completed and Transferred = Beginning Inventory + Units Started - Units in Ending Work in Process</em>

                                                        = 86,300 + 105,900 - 19,300

                                                        = 172,900

6 0
3 years ago
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