Answer:
The necessary entries would be:
Dr Accounts receivable $11,000
Cr Sales revenue $10,000
Cr Deferred revenue $,1000
Explanation:
Revenue should be recognized in the books of account where the selling party has performed its obligation of delivering goods or rendering services as contained in the sales contract.
This contract contains provision of goods -inventory that have been delivered and rendering of services-installation that is in progress, as a result the revenue relating to the former is due to be recognized now while the later would be recognized when is installation is concluded.
Answer:
Is the proposed action legal?
Explanation:
The very first step in the decision tree (below) was ignored. Disregarding local laws is ignoring the question of legality.
Answer:
Talikastan's exports in 2015 is $ 300.
Explanation:
This question requires us to calculate export of Talikastan. We can easily determine export by putting value in the equation use for calculating gross domestic production of a country.
GDP = consumption + investment + spending + (exports – imports)
8800 = 5300 + 2000 + 1800 + export - 600
Export = $ 300
Answer:
There is sufficient evidence to support the claim that the majority of US adults believe raising the minimum wage will help the economy
Explanation:
Please see attachment .
Answer:
In the given year, American population grew by 4% while China's population grew by 1.2%.
Explanation:
The present problem establishes that in one year the populations of China and the United States both increased by 12 million people. But both countries have different populations: China has a population of 1 billion inhabitants, while the United States has 300 million.
To determine the percentage of population increase in each country, we must perform cross multiplications:
-U.S:
300 = 100
12 = X
(12 x 100) / 300 = X
1,200 / 300 = X
4 = X
The United States grew by population 4% in the year.
-China:
1,000 = 100
12 = X
(12 x 100) / 1,000 = X
1,200 / 1,000 = X
1.2 = X
China grew by population 1.2% in the same period of time.
