Answer:
a. Debit Accounts receivable for $600
Explanation:
As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -
Accounts receivable (Debit) $600
Revenue (Catering) (Credit) $600
Accounts receivable is debit because the company owes the amount from the customers.
Answer:
1500
Explanation:
Breakeven point is the number of units produced and sold where net income is art on it is where revenue equals cost.
The formula for calculating break even points = F / (P - V)
F = fixed cost
P = price
V = variable cost per unit
$270,000 / ($600 - $420) = 1500
I hope my answer helps you
To calculate free cash flow, locate the income statement and balance sheet. Start with net income and add back charges for depreciation and amortization. Make an additional adjustment for changes in working capital, which is done by subtracting current liabilities from current assets. Then subtract capital expenditure (or spending on plants and equipment)
Thank you for posting your question here at brainly. Below are the choices that should accompanied with the question above, the answer is letter C.
a. He bought several apartments to rent out under Airbnb
b. He became an Uber driver
c. He lived out of Airbnb rentals full-time
d. He became a bell hop at a San Francisco Hilton Hotel
<span>e. All of the above</span>
Answer:
15
Explanation:
PV= 214
rate of return 10%
(10+1)^1
11+3= 14
214/14= 15.2...= <u>15</u>
