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jek_recluse [69]
3 years ago
9

Neeta Landscaping Company provides lawn care services to a customer and immediately receives $45. Which of the following describ

es how the company will account for this transaction?
A. Debit Other operating expense for $45
B. Credit Cash for $45
C. Credit Service Revenue for $45
D. Retained earnings decreased by $45
Business
1 answer:
lukranit [14]3 years ago
3 0

Answer:

C. Credit Service Revenue for $45

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $45

        To Service Revenue A/c $45

(Being the cash received is recorded)

At the time of receiving the cash, we debited the cash account and since the service is provided so we credited the service revenue. Both the accounts are to be credited and debited for $45

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What are the four levels of managers?
photoshop1234 [79]

Answer:

Top level managers

Middle level managers

First level mangers

Explanation:

Management involves the process of planning, organizing, directing and controlling. These functions are carried out by the top level managers, middle level managers and first level managers.

Top level managers are those in charged of setting the long term goal of a company, they are basically the board of directors of a company.

The middle managers are the engine of a company, they push the line managers to work and supervices their work.

The first level managers are also known as floor managers, they oil the engine of the company.

8 0
3 years ago
One of the long-run effects of higher government budget deficits is growth in the economy's private sector at the same time the
saveliy_v [14]

Complete Question:

One of the long-run effects of higher government budget deficits:

A. is growth in the economy's private sector at the same time the government sector shrinks.

B. a redistribution of real Gross Domestic Product (GDP) away from government-provided goods and toward more privately provided goods. C. a fall in the equilibrium price level.

D. an increase in the government's share of the nation's economic activity.

Answer:

D. an increase in the government's share of the nation's economic activity.

Explanation:

One of the long-run effects of higher government budget deficits is an increase in the government's share of the nation's economic activity because it would be mainly responsible for funding of the economy, thereby causing higher real Gross Domestic Product (GDP).

A government budget deficit arises when government expenses exceed it's revenue.

It usually expresses the financial health of a nation over a period of time.

3 0
3 years ago
Justin hires Miguel to sell his baseball glove for $560. As part of their contract, Justin will pay him $100 to conduct the sale
Nonamiya [84]

Answer: Factee

Explanation:

This is a factorage transaction in which Justin will pay Miguel to act as an intermediary who will sell the baseball glove and receive a commission. That commission is known as a Factorage.

In a Factorage transaction, the intermediary being paid to sell the product is considered to be the Factor and the person who will pay for the product to be sold is the Factee. Justin in this scenario is paying for the baseball glove to be sold and so is the Factee.

3 0
3 years ago
A company has determined that changes in price will not dramatically impact the number of sales they are able to make. What shou
tester [92]

Answer:

Sell at a somewhat higher price since customers will still purchase even at a higher price ( D )

Explanation:

The type of goods and services that changes in prices doesn't r affect the quantity/demand bought by the consumers are usually staple goods which are a necessity and not a want but a serious need. A company if after much research discovers that the demand for a particular product is unwavering( fixed ) they can increase the prices in order to maximize profits form the little amount of goods been produced/sold in the open market. while in other hand if the demand for a particular product is not stable any change in price can significantly affect the demand for the good or service leading to a loss for the company.

7 0
3 years ago
Procter & Gamble brands are advertised in more than 180 countries, with different ad themes in scores of different languages
lubasha [3.4K]

Answer:

The correct answer is D. foreign media.

Explanation:

The international press is made up of a series of chains that cover basic aspects of the news. It is said that its usefulness in the massification of information is necessary, since they cover current news from different angles and allow people to enjoy high quality content and coverage.

3 0
3 years ago
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