The first step in creating a budget is to

Beachside Coffee Shop, in an effort to streamline its accounting system, has decided to utilize a cash receipts journal in its o

Kisachek [45]

Answer:

the available options for the question are,

A. Cash Cr. $18, Food Revenue Dr. $18,

B. Cash Dr. $18, Food Revenue Dr. $18

C.Cash Dr. $18, Food Revenue Cr. $18

D. Cash Cr. $18, Food Revenue Cr. $18

and the correct answer is C.Cash Dr. $18, Food Revenue Cr. $18

Explanation:

the answer is simple. once they implement the accounting system, all the transaction will have at least a double entry.

when a cash sale is made for $18, this is a revenue stream for the business, while the cash balance of the business increases as well. Revenue account is an income and an increase in income is treated as increase in credit while the cash balance is an asset, and the increase of the asset is treated as a debit.

if you look at options A, B and D, all of these transactions are either mixed up or have both credits or debits which is wrong, because of this, only the answer C is correct.

5 0

3 years ago

Kathy has $50,000 to invest today and would like to determine whether it is realistic for her to achieve her goal of buying a ho

Tresset [83]

Answer:

So she must achieve about 11.61 %

Explanation:

Amount invest by Kathy = $50000

She wanted to buy a home for $150000

Time of investment = 10 years

We have to find the return which she received

Let she receives x return

So according to question $50000\times (1+x)^{10}=150000$

$(1+x)^{10}=3$

$(1+x)=3^{0.1}$

$(1+x)=1.1161$

$x=0.1161=11.61%$

So she must achieve about 11.61 %

4 0

3 years ago

Can some one do this for me ASAP please help.

charle [14.2K]

Professional growth and development - Bob
Mentoring - Debby
Certification - Joseph
Scholarship - Libby
Networking - Chad

8 0

3 years ago

Which of the following represents an increase in labor productivity within a country? (1 point)

ivolga24 [154]

The option that represents the rise in labor productivity will be C. GDP increased from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.

Labor productivity simply means the workforce productivity. It's the real ouput per labor hours. It's the amount of goods that are produced for a given time period.

An increase in labor productivity will be the increase in the GDP from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.

Learn more about GDP on:

brainly.com/question/1383956

5 0

2 years ago

When a nation's currency suddenly loses value, the ________ may step in to buy the afflicted currency?

cricket20 [7]

If a nation's currency drops in value significantly, the International Monetary Fund could step in and buy the currency so that some stability could occur economically

3 0

3 years ago