On November 21, Civic Company received $550 from customers in payment of their accounts. The journal entry to record this transaction will include a credit to accounts receivable.
<h3>What is meant by account receivable?</h3>
- The money clients owe your business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, including bills from clients for goods or services on credit.
- A person who works in accounts payable must ensure that their company receives payments for the goods and services it provides and record these transactions appropriately.
- Trade accounts receivable notes receivable and other receivables are the three categories into which receivables are typically broken down.
On November 21, Civic Company received $550 from customers in payment of their accounts. The journal entry to record this transaction will include a credit to accounts receivable.
To learn more about accounts receivable, refer to:
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Answer: d
Explanation: hope it helps
Answer:
Customer lifetime value predicts how much profit is associated with a customer during the course of their lifetime relationship with a company.
Explanation:
It is important to manage customer relationships because customers provide a great deal of value to the company if they remain customers for many years.
Customer lifetime value is greater for companies who have loyal customers as compared to customers who are one time only. They add less value to the company as customers are also a source of promotion for the company.
Answer:
Marginal Benefit = 7,6,5,4,3,2,1 .
Optimal Equilibrium = 4 units of consumption
Explanation:
Marginal Benefit is addition to total benefit when an additional unit is consumed.
Marginal Benefit = Total Benefit @ n - Total Benefit @ n-1
MB = 15-8 = 7
21- 15 = 6
26 - 21 = 5
30 - 26 = 4
33 - 30 = 3
35 - 33 = 2
36 - 35 = 1
Optimal Equilibium is where Marginal Benefit = Price . Such because : before that - MB > Price , increasing consumption is better for consumer. MB< Price , decreasing consumption is better for consumer.
In this case : Price i.e $4 = MB 4 at 4th gallon . So , this is optimal equilibrium.
