The answer is A: state why they should hire you.
Answer:
Varga should recognize $4,000 as revenue in 2016.
Explanation:
As the cash received in advance is recorded as unearned revenue which is a liability for the Varga Tech Services because they did not provide the services yet. On December 31, Eight months have passed and services for these month has been provided. So the revenue of 8 month months of 2016 will be recognized and recorded at year end.
Serive Contract = $6,000 for 12 months
Revenue Recognized in 2016 = $6,000 x 8/12 = $4,000
Answer:
Raw Materials
Explanation:
In a business, unprocessed extractive goods such as iron, coal, oil, or natural gas, and unprocessed agricultural products such as flour, are called raw materials.
Raw materials are meant to be transformed into final products.
For example, iron is transformed into steel, and fossil fuels (coal, oil, natural gas) are used to power production facilities. In a bakery, flour would be transformed into bread, cakes, and cookies.
Answer:
$339,000
Explanation:
Computation of operating activity as is as seen below;
= Net income + Depreciation + Accounts receivable + Inventories decrease - Prepaid expenses + Accounts payable increase
= $245,000 + $40,000 + $12,000 + $35,000 - $1,000 + $8,000
= $339,000
Therefore, the sum of $339,000 was provided as cash for operating activities.
No. Someone can not sell a car legally if it is not registered to their name.