I’m not sure how to help you.
Answer:
The correct answer is C. a credit to Notes Receivable and Interest Revenue.
Explanation:
When this registration is made, what occurs is to decrease the obligation they have with our organization, and an increase in income due to the recognition of the interests effectively recognized at the expiration of the obligation. Dishonoring the note means recognizing that we no longer have a callable value, and that the value receivable is extinguished as a result of the end of the agreed period of permanence.
Answer:
$415 underapplied (debit balance)
Explanation:
Predetermined OH rate =
$116,500/$124,500 = 93%
OH applied = $114,500(.93)
= $106,485
Applied $106,485– Actual $106,900
= $415 underapplied (debit balance)
Therefore the entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include $415 underapplied (debit balance)
Answer:
B. November 30
Explanation:
The revenue recognition principle under GAAP states that revenue has to be recognized when services are performed or sales made irrespective of its invoicing or collection date.
Since the sale was made on November 30 the revenue is to be recognised on this date.
The other options A and C are the dates on which the statement was sent or the collection date which are not relevant for revenue recognition.
Answer:
The correct answer is letter "A" and "C": Your name will be automatically entered in the raffle if you attend the annual company BBQ; Your satisfaction is important to us. Please complete the customer satisfaction survey.
Explanation:
Marketing uses different types of messages to reach consumers effectively. In some cases, it is necessary to convert noun phrases into the subjects of the sentence to emphasize the importance of the audience. For instance, the noun phrase "<em>your satisfaction</em>" or "<em>your name</em>" play the role of the subject in the following segments where calling the attention of customers is needed. This practice is seen in:
- <em>Your name will be automatically entered in the raffle if you attend the annual company BBQ.
</em>
- <em>Your satisfaction is important to us. Please complete the customer satisfaction survey.</em>
