Answer:
Service revenue of $ 440
Explanation:
When the customer prepays, the revenue is yet to be earned hence the entries required would be a debit to cash account and a credit to unearned or deferred revenue.
As the service is rendered and revenue is earned, debit the deferred revenue account and credit the revenue account with the amount earned.
Since $660 was collected for 6 training sessions
Revenue from a training session
= 1/6 × $660
= $110
After 4 training sessions, revenue earned and to be recognized in the income statement
= 4 × $110
= $440
Answer:
The correct answer is: Tell the manager to think at the long run of the company and how it will impact if a cheap and not so well product is bought in order to save some money.
Explanation:
To begin with, the people who enter the business world must understand the risks of the investments they will made in the future and the fact that it can sometimes cost much more than what is wanted. However, it will be highly recommended by a professional to acquire a product that it may cost much more but it will bring so many more solutions to the company's problem now and in the future. The manager, or the person who makes the decision, has to think very cautiously due to the fact that if he decides to go for the cheap option then in the future it may come with some troubles and that means more money spending. Therefore that the manager has to think in the long term and be wise about the decision.
Answer:
Another term for trade balance would be trade deficit.
A) FTC- investigates and prevents unfair methods of competition and prevents deceptive acts affecting commerce.
B) CPSC- works to reduce the risk of injuries and death from consumer products.
C) EPA- responsible for creating standards and laws promoting the health of individuals and the environment.
Answer:
$250,000
Explanation:
The effect of a change in the money supply is given by the following equation: money increase/decrease x money multiplier
the money multiplier = 1/reserve ratio = 1/20% = 5
so the net effect of this transaction = -$50,000 x 5 = -$250,000