Answer: Deferred income which must be a liability accounts.
Explanation:
Revenue earned on a service is recognised when the service has been performed, it's probable that economic benefits of the services will be enjoyed by the client, the price of the services can be measured reasonably, cost Incurred on the performance of the services can be measured reasonably.
On the above scenario the services has not been perform, the cost of performance cannot be measured, these and more shows that Jaguar cannot recognize the sum as an income but rather as a deferred income(liabilities) which will later be transferred to income accounts as the necessary conditions for recognition as income are met.
Answer:
Increase and decrease the interest rate in the economy by a certain percentage
Explanation:
The Federal Reserve can influence the prevailing interest rates. However, it cannot increase or decrease the interest rate in the economy by a certain percentage. The Federal Reserve influences interests rate by adjusting the fed funds rate. The feds fund rate is the interest rate that banks charge each other when they borrow from each other.
The Federal Reserve can lend to commercial banks, Adjust reserve requirements, and buy and sell U.S. securities.
The credit balance in the accumulated depreciation account represent: <span> the amount of depreciation taken in past years
In accounting, we must reduce the value every year we held an asset in order to show the true amount of the total asset values. This occurence is called a depreciation. If the amount of depreciation is add-up for several years, this account is called accumulated depreciation
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The best and most correct answer among the choices provided by your question is the second choice.
The differences of their salaries is that t<span>he bassoonists earn a higher salary than the flutists.</span>
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Answer:
Explanation:
September October Nov December
Opening cash balance - 9250 3490 3290 3090
Football tickets (160)
Entertainment (250) (250) (250) (250)
Tuition fee (4,800)
Rent (600) (600) (600) ( 600)
Food (550) (550) (550) (550)
Apartment deposit (600) 600
Earning 1200 1200 1200 1200
3490 3290 3090 3490
Covaig Kovar does not have enough cash for the tuition
The projected cash balance of $3490 is less than the tuition of $4800 by $1310
With this budget he is able to realize that he needs to augment his cash inflow or cut his expenses to meet up
