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Airida [17]
3 years ago
5

A landscaping company accepts MasterCard as payment for $1,000 worth of services. MasterCard charges a service fee of 2 percent.

Which of the following would be recorded by the store? Multiple Choice Debit $20 to Service Fee Expense Debit $1,000 to Cash Credit $980 to Service Revenue Credit $980 to Cash
Business
1 answer:
Novosadov [1.4K]3 years ago
3 0

Answer:

Dr   Cash     1020

               Cr         Service revenue   1000

               Cr          Service fee           20

Explanation:

 Service fee is expense of individual who is purchasing not store's expense.

- Total cash received by store is $ 1020 because 2% is service charges by master card,its is income of master card not store so store will treat as liability.

The only revenue of store is $1000.

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The term "financial distress costs" includes which of the following? I. Direct bankruptcy costs II. Indirect bankruptcy costs II
Alchen [17]

Answer: All the options given are correct. Options I - IV are right.

Explanation:

Financial distress is a situation whereby an individual or an organization is unable to generate income or profit as a result of it's inability to pay its liabilities to lenders and creditors and lenders. These financial problems coupled with insufficient money result in stress.

The term financial distress cost consist of all the four options, therefore the correct answer is all the options provided. Financial distress cost is when organizations cannot pay it's liabilities from the revenue generated.

Financial distress cost can be as a result of direct costs that are related to being distressed financially but not bankrupt, indirect bankruptcy cost etc.

4 0
3 years ago
The means by which the U.S. Bureau of Labor Statistics determines who is employed and unemployed is a ______.
sweet-ann [11.9K]

If a person does not have a job, has actively sought employment during the previous four weeks, and is currently eligible for employment, they are considered to be unemployed. Any of the following activities can be considered actively seeking employment: Directly contacting: A potential employer or attending a job interview

To aid in public and commercial decision-making, the Bureau of Labor Statistics collects data on the labor market, working conditions, price changes, and productivity in the US economy.

According to BLS, a fully employed economy is one in which GDP is at its potential, the unemployment rate is equal to the nonaccelerating inflation rate of unemployment (NAIRU), and there are no periods of cyclical unemployment.

Learn more about Bureau of Labor Statistics here brainly.com/question/15296998

#SPJ4

7 0
2 years ago
1. The pre-emptive right of a common stockholder is the right toa. share proportionately in corporate assets upon liquidation.b.
FromTheMoon [43]

Answer:

<em>The pre-emptive right of a common stockkolder is the reight to share proportionately in any new issues of stock of the same class. Letter B</em>

Explanation:

The pre-emptive right is a right belonging to existing shareholders of a corporation to avoid a involuntary dilution of their ownership stake by giving them the chance to buy a proportional interest of any future issuance of common stock.

4 0
3 years ago
Donovan Company incurred the following costs while producing 500 units: direct materials $10 per unit, direct labour $25 per uni
Dafna1 [17]

Answer:

Option (D) is correct.

Explanation:

Unit product cost:

= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead

= $10 + $25 + $15 + $20

= $70

Operating income using absorption costing:

= (500 units × $100) - (500 units × $70) - (500 units × $5) - $7,500

= $50,000 - $35,000 - $2,500 - $7,500

= $5,000

8 0
4 years ago
a 2-year treasury security currently earns 6.75 percent. over the next two years,the real interest rate is expected to be 3.18 p
Anna35 [415]

The maturity risk premium on the 2-year Treasury security is C. 1.39%

Using this formula

rd = r* + IP + MRP

Where

rd represent Required rate of return on 2-year Treasury Security = 6 75%

r* represent real risk free return = 3.18%

IP represent Inflation Premium = 2.18%

MRP represent Maturity Risk Premium

Let plug in the formula

6.75% = 3.18% + 2.18% + MPR

6.75%=5.36%

MRP=6.75% -5.36%

MRP = 1.39%

Inconclusion the maturity risk premium on the 2-year Treasury security is C. 1.39%.

Learn more here:

brainly.com/question/15314847

3 0
2 years ago
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