Answer:
DR Cash ..............................................................$ 176,000
CR Sales Revenue................................................................$149,600
CR Deferred Revenue..........................................................$26,400
Explanation:
Revenue should only be recorded when earned and as the 6 month technical support can be sold separately, it is revenue that has not be earned yet as the 6 months have not elapsed. This will therefore need to be recorded as Deferred revenue.
Sold alone, the revenue is more than when they are sold together so use the standalone price to find out the revenue when sold together by proportionality.
Sales revenue = 153,000/180,000 * 176,000
= $149,600
Deferred Revenue = 27,000/180,000 * 176,000
= $26,400
Answer:
The correct answer is B. The three main parts of a speech are the introduction, the body, and the conclusion.
Explanation:
The speech is a succession of words, expressed orally, that serve to express what we want or want to say.
Its main function has been from its origins to communicate or expose, but with the main objective of persuading its audience.
The speech is composed of three parts: introduction, body and conclusion:
-The introduction is one of the most important parts of the discourse since in this it is exposed the subject that will be treated.
Its function is to mark that the speech begins, attract the attention of the receiver, dissipate animosities, gain sympathy, set the interest of the recipient and establish the theme, thesis or objective.
-The body is the longest part since the whole theme is exposed in it: doubts and everything necessary to expose a considered justification of the idea are taken out.
-The conclusion is a strategic point, since it makes a small reflection about all of the above. The end must constitute the compendium of what has been said.
Larger vehicles with larger motors because they use oil whereas electric cars run on electricity,biofuels refers to oils if people invest to extract it they can earn money,solar energy is free and doesn’t require anything. Hence, people tend to spend less on larger machines with larger motors.
Because Terry had a bankruptcy on her credit report, the additional amount of interest that Terry is paying over the life of the loan is <u>$167,839.720</u>.
<h3>What is interest?</h3>
Interest is the finance charge for a loan or mortgage.
It is calculated on the principal amount based on the agreed rate and maturity period of the loan.
We can compute the interest using an online finance calculator as below.
<h3>Data and Calculations:</h3>
Home Price= $100,000
Down Payment = 0%
Loan Term = 30 years
Interest Rate = 11.5%
Monthly Payment: $990.29
Normal monthly payment (without a bankruptcy) = $524.07
Total of 360 Mortgage Payments = $356,504.92 ($990.29 x 30 x 12)
Total of 360 Mortgage Payaments without bankruptcy = $188,665.20 ($524.07 x 30 x 12)
Additional payment in interest = $167,839.720 ($356,504.92 - $188,665.20)
Thus, the additional amount of interest that Terry is paying over the life of the loan is $167,839.720.
Learn more about interest calculations at brainly.com/question/25545513
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Amount to be credited = $2,020
Outstanding balance = $480
Explanation:
The payment terms state that
- 3% discount may be taken within 10 days of the invoice date (up to May 20); or
- 1% discount may be taken within 15 days of the invoice date (after May 20 but not later than May 25); or
- The net amount is due within 60 days of the invoice date if advantage is not taken of the cash discounts offered.
- The 3% cash discount is not applicable as the payment was made on May 22 which is after the end of the discount period. However, the 1% discount is allowed, since payment on May 22 is within the 15-day period for the 1% discount.
Amount to be credited
= 2000 / (1−0.01)
= 2000 / (0.99)
= $2,020
Outstanding balance
= 2500 - 2020
= $480
