I believe your answer is A: Unearned Revenue.
Because, if a business has received cash, in advance of services performed, and credits a liability account, the adjusting entry needed, after the services are performed, will be debit Unearned Revenue and credit Cash.
Answer:
Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.
Explanation:
Answer:
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Answer:
the ending cash balance is $330,300
Explanation:
The computation of the ending cash balance is shown below:
Ending cash balance = Opening cash balance + Profit
= $270,000 + (9% × $670,000)
= $270,000 + $60,300
= $330,300
We simply added the opening cash balance and the profit so that the ending cash balance could come
Hence, the ending cash balance is $330,300
Answer:
differential revenue = $7
so correct option is a.$7
Explanation:
given data
Product A costs = $6
contribution margin = $3
Product B costs = $12
contribution margin = $4
to find out
the differential revenue for this decision
solution
we get here the differential revenue for this decision that is express
so first we get here selling price for both product that is
selling price product A = Product A costs + contribution margin
selling price product A = $6 + $3 = $9
and
selling price product B = $12 + $4 = $16
so now we get differential revenue that is
differential revenue = selling price product B - selling price product A
differential revenue = $16 - $9
differential revenue = $7
so correct option is a.$7
