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kykrilka [37]
3 years ago
12

GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in adv

ance. GreenLawn’s general journal entry to record this transaction will include a __________.
Business
1 answer:
devlian [24]3 years ago
3 0

Answer:

See answer below

Explanation:

Journal entry will be as follows.

Debit Cash Account $60,000

Credit Payables/Service Prepayment Account $60,000.

As service is being rendered on a monthly basis (monthly income = \frac{60,000}{6}  = 10,000), the company will make the following journal entry.

Debit Payables/Service Prepayment Account $10,000

Credit Revenue $10,000.

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Which of the alternatives to the modern theory of the firm holds that managers attempt to meet some goal that is defined in term
Schach [20]

Answer:

C. Satisficing model

Explanation:

Satisficing model aims at reaching and receiving the results which makes the desired person satisfied with the results.

It basically provides the company and its management to not only find an optimal solution but a solution which is satisfying for the management.

Thus, in the given instance management sets a prescribed percentage as results they desire for sales, and related profit which further results in desired level of growth.

Thus, this is about satisfactory results that is Satisficing model.

6 0
3 years ago
Natural rate of unemployment:
Mekhanik [1.2K]

Answer:

(a)  

Common pace of joblessness is a mix of auxiliary and frictional joblessness.  

Basic Unemployment: Occurs contribution to modern rearrangement or innovative change.  

Frictional Unemployment: When individuals are in the middle of occupations for example the way toward moving from one occupation to other.  

On the off chance that an enactment making it progressively hard for the organizations to terminate laborers is presented, at that point despite the fact that the activity discovering rate will stay consistent, the consistent state joblessness will stay steady. Less individuals will stay jobless at a specific time.  

(b)  

The activity discovering rate will change provided that prerequisite of a severance bundle will build the expense of work. This implies the business will most likely decrease the pace of contracting which will along these lines increment the pace of joblessness. Subsequently, the enactment would diminish the activity discovering rate.  

(c)  

The expense of contracting will increment if an enactment like this is passed. The enactment presents the idea of severance bundle for terminated laborers. This expands the expense of employing for the firm. Along these lines, the business will diminish the employing to decrease the expenses. This will diminish the business rate in a nation which will make a higher regular pace of joblessness.

6 0
3 years ago
Which of the following is a type of savings vehicle?
Anna35 [415]
What are your choices /:
7 0
3 years ago
Read 2 more answers
Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo
Dmitry_Shevchenko [17]

Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

2x+3y\leq 450

x\geq 0

y\geq 0

Revenue is given by,

TR= 25x + 35y

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

TR = 25(0) + 35(150) = $5,250

At (225,0)

TR = 25(225) + 35(0) = $5,625

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

8 0
3 years ago
Appropriations to retained earnings are..<br><br>It is not option C.
valentinak56 [21]

The answer is b because its retained earnings

3 0
3 years ago
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