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2 years ago

A service was performed for a client with payment due in 30 days what accounts are affected

Business

1 answer:

marshall27 [118]2 years ago

3 0

Answer:

b) debit accounts receivable, credit capital

Explanation:

Performing service is part of normal business activities. It generates revenue for the business.

Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.

The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.

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May 1, 2021, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purch

Umnica [9.8K]

Answer:

$7.38

Explanation:

The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.

Average cost per unit = Total Costs ÷ Units available for sale

= (200 x $7 + 800 x $7 + 600 x $8) ÷ 1,600

= $7.375 or $7.38

The average cost per unit for May is $7.38

4 0

3 years ago

Please help me to solve this question.

kari74 [83]

Answer:

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6 0

3 years ago

Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2

ValentinkaMS [17]

Answer:

(B) Operating income has increased as a percentage of revenue

Explanation:

Conducting a vertical analysis,

Operating income (year 1) = Fees earned, less operating expenses

= 149,700 - 127,245 = $22,455

Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.

Operating income (year 2) = 153,500 - 122,800 = $30,700

Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.

Therefore, operating income as a percentage of revenue increased from year 1 to year 2.

7 0

3 years ago

the stock market of country A has an expected return of 8 percent, and standard deviation of expected reutrn of 5 percent. The s

valkas [14]

With stocks of 8% for A and 16% for B, The global minimum variance is given as 10.5 percent

<h3>How to solve for the variance</h3>

The expected return of the stock for the country a is given as 0.05

The Weight of this country's stock market WA = 0.5

The expected return of the stock for the country a is given as 0.16

The Weight of this country's stock market Wb = 0.5

Expected Return of the portfolio can be calculated as

= (WA x RA) + (WB * RB)

Expected Return of the portfolio = (0.5x 0.05 ) +(0.5*0.16)

= 0.105

= 10.5%

Read more on variance here: brainly.com/question/10687815

5 0

2 years ago

g You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. If the inflation rate is 1.09%, by how

gayaneshka [121]

Answer:

Real purchasing power increase= 2.16%

Explanation:

Giving the following information:

You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. The inflation rate is 1.09%.

In this example, we have two different and opposite effects. The interest rate increases your purchasing power. If the inflation rate is 0, the purchasing power will increase (in one year) 3.25%.

The inflation rate decreases the purchasing power of nominal income.

Real purchasing power increase= annual interest rate - inflation rate

Real purchasing power increase= 3.25 - 1.09= 2.16%

6 0

3 years ago