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vovikov84 [41]
3 years ago
9

Cash received before services are performed may be recorded as a debit to a cash account and a credit to a liability account is

called
Business
1 answer:
Lana71 [14]3 years ago
7 0

Answer:

The correct answer is: Unearned Revenue.

Explanation:

Unearned Revenues are advance payments that a company or individual collects for products and services that it has not yet rendered or delivered. Other terms for unearned revenue are advanced payments or deferred revenue. Unearned income must be debited to a cash account and credited to a liability account in compliance with the Generally Accepted Accounting Principles (GAAP).

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In 2016 Whitney's Cafe had a total revenue of $136,900. In 2017 Whitney's Cafe had a total revenue of $175,200. Complete the fol
Alexeev081 [22]

Answer:

1.28 times

Explanation:

How many times as large the revenue generated in 2017 is compared to that of 2016 can be derived from the division of the revenues for both years.

Given that the total revenue for 2017 is $175,200 and that for 2016 is $136,900

The number of times 2017 revenue is as large as that of 2016

= $175,200/$136,900

= 1.28 times

4 0
3 years ago
Ultimate Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard for each
andre [41]

Answer:

Direct labor rate variance= $594 unfavorable

Explanation:

Giving the following information:

The standard direct labor cost per hour is $7.20.

During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.

<u>To calculate the direct labor rate variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 48,078/6,600= $7.29

Direct labor rate variance= (7.20 - 7.29)*6,600

Direct labor rate variance= $594 unfavorable

6 0
3 years ago
MONEY Deanna and Lise are playing games at the arcade. Deanna started with $15, and the machine she is playing costs $0.75 per g
goblinko [34]

Answer:

The answer is: after 8 games

Explanation:

You can solve this problem in two ways:

                                        Deanna                        Lise

Start with                            $15                            $13

After 1 game                      $14.25                       $12.50

After 2 games                   $13.50                       $12.00

After 3 games                   $12.75                        $11.50

After 4 games                   $12.00                        $11.00

After 5 games                   $11.25                         $10.50

After 6 games                   $10.50                        $10.00

After 7 games                    $9.75                         $9.50

After 8 games                   $9.00                        $9.00

Or you can solve this equation:

= (price of arcade D - price of arcade L) / (Deanna's money - Lise's money)

= ($0.75 - $0.50) / ($15 - $13) = $0.25 / $2 = 8

7 0
3 years ago
Mallory needs to inform her staff that their insurance benefits are changing. as she prepares her strategy for presenting the in
Lilit [14]
The answer would be a written memo. On the off chance that the client is a partner, the arrangement is normally considerably more adaptable. At its most fundamental level, an update can be a manually written note to one's chief. In business, an update is ordinarily utilized by firms for inner correspondence, rather than letters which are regularly for outside correspondence.
4 0
3 years ago
Denver Systems has total assets of $1,000,000; common equity of $400,000; a gross profit of $800,000; total operating expenses o
krok68 [10]

Answer:

See

Explanation:

4 0
2 years ago
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