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Salsk061 [2.6K]
3 years ago
14

Gretchen has just finished preparing the trial balance for her company. Upon looking at the balance, she sees that it has not ac

counted for unearned revenues the company has received through advance payments by customers. What should Gretchen do at this point?
Business
1 answer:
Akimi4 [234]3 years ago
8 0

Answer:

The correct answer is: Enter adjustments for these payments.

Explanation:

The Trial Balance is a worksheet recording all the credit and the debit balances of the ledger of a company. Eventually, the sum of all the credits must be equal to the sum of all the debits. If an account was forgotten to be included -just like Gretchen's case, <em>adjustments to counterbalance the amount that is to be recorded should be entered</em>.

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Loss is the value of the economic surplus that is forgone when a market is not allowed to adjust to its competitive equilibrium.
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Answer:

True (Dead-weight loss )

Explanation:

When the market is not allowed to adjust towards the equilibrium the economics efficiency is lost. When the supply is excessive compared to demand some part of supply remains intact, which means that small of amount of supply does not contribute to economics and allocation efficiency and considered as a dead-weight loss. The supply is forgone because the market is not allowed to stabilise.

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3 years ago
Which of these should you consider while communicating in a diverse workplace?
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I would consider demographics, education level, and methods of communication
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__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc
mrs_skeptik [129]

Answer:

Tariff of 1832

Explanation:

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7 0
3 years ago
Assume that a company sells customized sweatshirts for $15 per unit. It pays a sales commission of $5 per unit sold. The company
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Answer:

The  The number of sweatshirts the company would need to sell to earn a target profit of $1,710 is closest to <u>570</u> sweatshirts.

Explanation:

This can be calculated as follows:

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Profit per unit = Selling price per unit - Total cost price per unit = $15 - $12 = $3

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Number of sweatshirts to sell to earn a target profit = Target profit / Profit per unit = $1,710 / 3 = 570

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Explanation:

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