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liberstina [14]
3 years ago
12

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

calleda. an unearned revenueb. an accrued revenue.c. accounts payabled. None of these answer choices are correct.e. an unrecorded revenue
Business
1 answer:
Orlov [11]3 years ago
8 0

Answer:  An unearned revenue

Explanation: When any individual or entity receives money from customers for such service which has not been performed yet, then such income is termed as unearned revenue.

Unearned revenue is considered to be the liability of the recipient and and asset for the payee.

So from the above explanation we can conclude that right option is unearned revenue.

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Proficient strategy executiona. is always the product of much organizational learning.b. is achieved unevenly, coming quickly in
iVinArrow [24]

Answer:

The correct answer is e. All of these choices are correct.

Explanation:

The efficient execution of the strategy depends to a large extent on competent personnel, more adequate competencies and competitive capacities, and an effective organization. Therefore, developing a capable organization is always a priority of strategy implementation.

There are three types of organizational development that are of utmost importance.:

  1. Select capable people for key positions.
  2. Ensure that the organization possesses the core skills, competencies, administrative talents, technical knowledge, competitive capabilities, and resource strengths it needs.
  3. Organize business processes, value chain activities and decision making in a way that leads to successful execution of the strategy.
6 0
2 years ago
VLC Corporation sold merchandise with a cost of $200 on account for $300 to PRT Corporation; credit terms were 2 / 10, n / 30. V
tatyana61 [14]

Answer:

  • The entries in VLC's accounting information system to record all the preceding events will include all of the following except:

C. A credit togross profit

Explanation:

An entry to Gross Profit does not exist because the gross profit it's the result of the total sales minus the Cost of Goods, so the Gross Profit it's a result and not a journal entry.

The other entries are used as follows:

A. A debit to cost of goods sold

D. A credit to inventory

B. A debit to delivery expense

A credit to Cash

3 0
2 years ago
Calculate the required rate of return for Mercury Inc., assuming that investors expect a 5% rate of inflation in the future. The
My name is Ann [436]

Answer:

Option C is correct.

<u>The required rate of return for Mercury Inc., assuming that investors expect a 5% rate of inflation in the future is 18%.</u>

Explanation:

Real risk free rate = 3%

Inflation Premium = 5%

Nominal risk free rate Rf = Real risk free rate + Inflation Premium = 3% + 5% = 8%

Market risk premium (Rm –Rf) = 5%

Beta = 2

As per CAPM, required rate of return = Rf + beta * (Rm – Rf) = 8% + 2 * 5% = 18%

8 0
3 years ago
On average, someone with a bachelor`s degree is estimated to earn times more than someone with a high school diploma?
Natalka [10]
The answer is c. 1.6
8 0
3 years ago
Read 2 more answers
The Aspire test is taken by students i
Luba_88 [7]

Answer:

The correct answer is (B)

Explanation:

Aspire test is taken by the students in third through tenth grade. This test aims to build constructive knowledge and to test the student’s ability to handle math, science, reading and writing. The test helps to analyse the abilities of the students and to check and examine the flaws in the system. Aspire test is based on constructive responses, technological responses etc.

7 0
3 years ago
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