Answer:
The answer is "$400"
Explanation:
Given:
advance payment = $ 1,000
by the end of year he earned= $ 400
So, the total eared value is $ 400 because it is the Debit unearned income.
It describes the
ethical decision, which needs consideration, of an employee leaving his failing company and starting
his own and progressing to a level where they are competing with their previous
employers.<span>
The box states an environment where a company is faltering
and an employee has an idea who goes independently to make business of same
kind a successful one. Being in the same business the employee has a choice of contacting
the previous customers directly, the box asks the learners to see its ethical
aspects as well as consequences and choices.
</span>
Answer:
For accrual basis:
(1) record revenues when earned
For cash basis:
(3) record revenue when cash is received
Explanation:
As per accounting systems:
Accrual basis follows the periodic system in which revenues and expenses are recorded as and when they are incurred, as for revenue when it is earned, and for the period to which it relates is recorded at that time,
As in this it does not matter that cash is received in advance or after some period, the transfer of risk and reward matters.
In the case of cash basis all expenses and revenues are recorded as and when there is any cash inflow or outflow related to the same.
Answer:
B
Explanation:
A positive relationship between two variables or quantities happens when both increase if one increases or both decrease if one decreases. In this case, the problem states that real GDP per person is positively associated with well-being, which means that if GDP increases then well-being increases too. For instance, we should look for variables that if they increase then the well-being increases too. It is not option A,C or D because if there is an increase in crime, poverty or unemployment, people´s well-being will decrease, so those variables are negatively associated with GDP. The answer is B because if there is better education, health and life expectancy, people´s well-being increases.
