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liberstina [14]
3 years ago
11

Smith Dentistry opened on June 1, 2016. The following transactions occurred during June

Business
1 answer:
Rudiy273 years ago
5 0

Answer:

The total revenue for the month of June is $22500. Option a is the correct answer.

Explanation:

The revenue will be calculated under the accrual basis of accounting which states that a period's revenue should match that period's expenses and these are to be recorded in their respective periods. Under this method, both the cash and the credit sales are recognized as revenue in the period to which they relate. The revenue for the month of June will be as follows,

Total Revenue = Cash sales + Credit sales

Total revenue = 8100 + 14400

Total revenue = $22500

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Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows.
Arlecino [84]

Answer:

1 . Debit Asset , bank increase normal balance is Debit balance , Credit Equity stock increase , normal balance is credit balance

2 . Debit Asset , Vehicles , increase , normal balance is Debit balance . Credit Asset , Bank , decrease , normal balance is Debit balance

3 . Debit Expense , Supplies , increase , normal balance is Debit . Credit Liabilities , Accounts payable , increase , normal balance is credit balance .

4 . Debit Asset , Accounts receivable , increase , normal is balance Debit . Credit Income , Service rendered , increase , normal balance is Credit balance .

5 . Debit Expense , Advertising , increase , normal balance is Debit balance . Credit Asset , Bank , decrease , normal is balance Debit .

6 . Debit Asset , Bank , Increase , normal balance is Debit balance . Credit Asset , Accounts receivable , Decrease , Normal balance is Debit balance .

7 . Debit Liability, Accounts payable, decrease, normal  is balance credit balance . Credit Asset, Bank, Decrease, normal balance is Debit balance .

8 . Debit Equity , Dividends Paid , decrease , normal balance is credit balance .

Credit Asset , Bank , decrease , normal balance is Debit balance

Explanation:

6 0
4 years ago
Firms that sell luxury products, custom-made products, and services (like wedding planners, home builders, etc) often take the t
Illusion [34]

Answer:

One to one marketing

Explanation:

One to one marketing refers to that form of marketing wherein the seller's focus is upon identifying and satisfying individual customer needs and creating products of value, tailor made for satisfying those needs.

Under such form of marketing, the seller stresses upon knowing individual choices and preferences and then serving the customer needs on individual or one to one basis.

One to one marketing is of two forms, personalization and customization. Under the former, the seller recommends products to customers based upon their past purchase history.

Under customization , the company provides an option to the customers to get a product customized as per their requirement and needs.

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4 years ago
The w in the wh framework for business ethics stands for
LekaFEV [45]

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4 years ago
Kate's 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate's costs for servers, cooks, electricity, fo
mamaluj [8]

Answer:

Kate will continue to operate in the short-run but plan on she will  exit the business in the long-term

Explanation:

Kate's decision should be guided by her business's performance in terms of profitability. Kate is selling her meal at $5, but her total cost of serving the meal is $5.20.  It means the business is operating at a loss.

Kate must start plantation on how she will leave that business. She may continue operating but only for a short while. Soon, she will find it hard to stay open because the business is loss-making. Kate will, therefore, continue operations in the short run. In the long term. Kate must plan on exiting the business.

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3 years ago
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