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katrin [286]
3 years ago
15

Provides​ house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finis

hed. Some customers ask that the business send them a bill. As of the end of the​ year, Peaceful Home has collected $ 1,000 from​ cash-paying customers. Peaceful Home ​'s remaining customers owe the business $ 1,400 . How much service revenue would Peaceful Home have for the year under the a. cash​ basis? b. accrual​ basis?
Business
1 answer:
GalinKa [24]3 years ago
7 0

Answer:

a. $1,000 will be recognized as service revenue using the cash basis.

b.  $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.

Explanation:

Given that as of the end of the​ year, Peaceful Home has collected $ 1,000 from​ cash-paying customers while Peaceful Home ​'s remaining customers owe the business $ 1,400.

Revenue to be recognized using;

  • Cash basis

$1,000 will be recognized as service revenue using the cash basis.

  • Accrual basis

On accrual basis, revenue is recognized when the service has been provided irrespective of whether cash has been collected or not.

A total of $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.

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If the survey found that in every 320 people, 180 of them voted in favor of gas tax .Then to get the total number of people who voted in favor of gas tax were 36,000. We can get the number of 180 people groups among those who voted in favor. = 36,000/180 = 200 groups
A group of 180 people who voted in favor is equivalent to a group of 360 people who voted. 
Therefore, 200 × 360 people =72,000 people took part in the voting exercise.
4 0
3 years ago
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Billy Mitchell is the head cashier for a clothing store that specializes in men’s silk suits. After losing big at the local dog
VARVARA [1.3K]

Answer: Fictitious refunds

Explanation:

A fictitious refund scheme, occurs when a fraudster processes a transaction to look as if a customer was returning a merchandise, even though there was no actual return. While some fraudsters create an entirely fictitious refund, other fraudsters just overstate the amount of a legitimate refund that took place and steal the excess money.

Billy Mitchell covering his gambling debts, issuing several refund credits to his personal credit card for amounts that were below the store’s review limit is an example of fictitious refund scheme.

4 0
3 years ago
which characteristic that may pose a potential nutrition problem would the nurse identify in a preterm neonate
Bond [772]

The immature sucking reflex is the characteristic that may pose a potential nutrition problem in a preterm neonate.

Immature sucking reflex- Th reflex of sucking doesn't start at the 32nd week of pregnancy and is not fully developed till the 36th week. If the baby is born prior to the 36th week, it will not allow the sucking reflex to be fully devloped. The immature sucking reflex will not allow the baby to consume the milk of the mother or the food required for development. Such immaturity of reflex will lead to the nutrition problem because of a lack of sufficient intake.

Later infants may develop various diseases and can be anemia. the infant requires extra care in such a situation, the increase in the flow of milk may help the infact in intake.

To learn more about the preterm neonate please click on the link brainly.com/question/8985665

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8 0
1 year ago
Why do you think<br> Relationship skills are<br> important when you own a<br> business?
olganol [36]
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3 years ago
A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for 10,000 and paid 750 for the frei
prisoha [69]

Answer:

The correct option is A:

cost of goods sold        10,750

merchandise inventory                 10,750

Explanation:

When goods are bought for resale,the total cost of the goods bought is usually the invoice price paid as well as the cost of bringing in the goods i.e freight,hence the cost of the goods sold here is the invoice price of $10,000 plus the freight of $750,giving total cost of $10,750

When the goods are sold,merchandise inventory would be credited with $10,750 while cost of goods sold is debited with same amount.

The correct option is first one with cost of goods sold debited with $10.750 and merchandise inventory credited for $10,750

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