Answer:
Explanation:
The journal entry is shown below:
Cash A/c $18,000
To Service revenue A/c $18,000
(Being the receipt is recorded)
For recording this transaction, we debited the cash account as cash is received and credited the service revenue as service is provided. These both transactions are recorded for $18,000 so that correct posting could be done.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Designer Dollhouses manufactures dollhouse kits that are meant to be assembled by customers. Each kit sells for $60 and has $12 in fixed production costs and $10 in variable production costs. Rather tha selling these kits, the firm is thinking about selling the dollhouses fully assembled for $95 each. The variable costs for assembling one dollhouse are expected to be $14.
Contribution margin Kits:
CM= selling price - unitary variable costs
CM= 60 - 12= 48
CM assembled:
CM= 95 - 12 - 14= 69
Effect in Net income= 69 - 48= 21
Prisons have a _________________from which residents may periodically purchase a limited number of items—toilet articles, tobacco, snack foods, etc.—in exchange for credits drawn on their "bank accounts."
Store