Answer:
Software solutions was hired to install and update software.
When job was completed,
Total revenue paid by Jones company = $1,800
As of December 31,
software installation completed = 1/2
Service revenue = 0.5 × $1,800
= $900
Therefore, the adjusted journal entry for the revenue is as follows:
On 31st December,
Accounts receivable A/c Dr. $900
To Service revenue $900
(To record revenue earned)
Answer:
Total deduction for the year = $48,956
Explanation:
You can deduct investigation expenses but only for new business that is in the same industry as your current business. In this case, Henrietta incurred in $42,500 expenses trying to expand her hotel business. Total deduction for the current year = $42,500.
If the investigation expenses are not related to your current business, e.g. restaurants, then you can capitalize the costs and amortize them only if you actually carried out the expansion.
You can deduct up to $5,000 during the first year but this amount decreases by $1 for every dollar above $50,000. Total immediate deduction = $4,400. The remaining $46,200 must be amortized over 180 months. Amortization per month = $46,200 / 180 = $257
Total amortization for year 1 = 8 months x $257 = $2,056
Total deduction for the year = $42,500 + $4,400 + $2,056 = $48,956
Yes, I think there is a relationship between amount spent on groceries and gender because boys tend to eat more than the girls.
Answer:
Higher price than competitor with lower quality
Explanation:
Higher priced goods with lower or same quality than competitor is not a customer benefit because the customer can get it cheaper from the businesses competitor
Answer:
32.88%
Explanation:
For computing the rate we need to apply the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $42,000
Future value or Face value = $0
PMT = $4,154.50
NPER = 12 months
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying this above formula, the rate is
= 2.74% × 12 months
= 32.88%
