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astra-53 [7]
3 years ago
5

Explain what unearned revenues are by selecting the statements below which are correct. (Check all that apply.) Multiple select

question. They are reported on a balance sheet. They refer to cash received in advance of performing a service or product. They are also called accounts receivable. They are a liability. They are also called deferred revenues. They refer to earnings which have been earned, but not yet billed.
Business
1 answer:
olga nikolaevna [1]3 years ago
8 0

Answer:

They are reported on a balance sheet.

They refer to cash received in advance of performing a service or product. They are a liability.

They are also called deferred revenues.

Explanation:

Unearned revenue is a term in which the transactions that are related to the receiving of money could be considered for the service or product to be provided or delivered. It is as a prepayment

Also it is a liability account that should be recorded at the balance sheet. It is also known as deferred revenues

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At least once every 5 years.
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Define interest rates and explain how they have changed since March 2020. What impact have these changes had on businesses?
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When interest rates change, there are real-world effects on the ways that consumers and businesses can access credit to make necessary purchases and plan their finances. It even affects some life insurance policies. This article explores how consumers will pay more for the capital required to make purchases and why businesses will face higher costs tied to expanding their operations and funding payrolls when the Fed changes the interest rate. However, the preceding entities are not the only ones that suffer due to higher costs, as this article explains.

Explanation:

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Jane is conducting interviews in order to develop a customer profile for her client. She customizes each interview to each parti
adoni [48]

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Unstructured interview.

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8 0
3 years ago
When preparing the operating activities section of the statement of cash flows using the indirect method, a decrease in accounts
PSYCHO15rus [73]

Answer:

True

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7 0
3 years ago
You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest, compounded annually. how long w
ruslelena [56]
For this case we have an equation of the form:
 y = A * (b) ^ x

 Where,
 A: initial amount
 b: growth rate
 x: number of years
 Substituting values we have:
 y = 30000 * (1,039) ^ x

 By the time the earnings increase to 75000 we have:
 75000 = 30000 * (1,039) ^ x

 From here, we clear x:
 (1,039) ^ x = (75000/30000)

log1.039 ((1.039) ^ x) = log1.039 ((75000/30000))


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x = 23.95 years
 Answer:
 
you will have to wait until 23.95 years your winnings are worth $ 75,000
7 0
4 years ago
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