Answer:
Case must not be filed
Explanation:
Answer is available in attachment
Answer:
The correct option is (b)
Explanation:
Under net approach of recording discount, accounts receivable is debited by the amount less discount offered for making early payment. If payment is not received within the discount period, then discount amount is credited as 'sales discount forfeited' and recorded as income in profit and loss account.
Net approach is theoretically correct as it reflects true assets, in this case accounts receivables, in the balance sheet. It means that amounts debited or credited reflects historical cost principle.
Answer:
no
the marginal benefit of working overtime in terms of income is less than the marginal cost of working overtime
Explanation:
According to the marginal cost principle, i would be willing to work if marginal benefit exceeds marginal cost
Marginal cost = 32 + 6.5 + 12 + 55 = 105.50
Marginal benefit = 99
the marginal benefit of working overtime in terms of income is less than the marginal cost of working overtime. So, i won't work overtime
In the event that Dallas Company bills a client, the account that will increase along with accounts receivable is a<u> Revenue increase </u><u>of </u><u>$10,000. </u>
<h3>Accounts affected </h3>
- Accounts receivable will increase because the client will owe Dallas Company.
- Revenue will increase as well because Dallas Company is earning revenue from the consulting work.
The increase to the Revenue account will be the amount charged for consulting work which is $10,000.
In conclusion, option D is correct.
Find out more on accounting for revenue at brainly.com/question/12115903