Answer:
D.The present value of $50,000 using a 10% interest rate.
Explanation:
Data are given in the question
Sold merchandise in exchange of $50,000 5-year, non-interest-bearing note
Plus the interest rate on equivalent loan is 10%
So by considering the above information, the sales revenue should be recorded at the current value i.e come by considering the present value of $50,000 having the 10% interest rate
I believe the correct answer is A. The model of aggregate demand and aggregate supply explains the relationship between the price and quantity of a particular good. It is a macroeconomic model explaining the correlation of the price with the output of goods.
Answer:
The last option
Explanation:
In cafeterias you don't get an unlimited amount of what you want. Sometimes you don't even get what you want.
Answer and Explanation:
In the first situation, the journal entry is
Cash Dr $1,600
To Unearned revenue $1,600
(Being the unearned revenue is recorded)
For this we debited the cash as it increased the assets and credited the unearned revenue as it also increased the liabilities
The adjusting entry is
Unearned Service Revenue XXXXX
To Service Revenue XXXXX
(Being the adjusting entry is recorded)
If this entry is not recorded than it would leads to understated of revenue and overstated of liabilities
Answer:
I dont mean to be rude, but you literally just gotta add in songs you like bro-
Explanation: