1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
eduard
3 years ago
15

At the end of the current year, $12,040 of fees have been earned but have not been billed to clients.

Business
1 answer:
PSYCHO15rus [73]3 years ago
4 0

Answer:

a.

Date                  Account Title                                          Debit                   Credit

XX-XX-XXX      Accounts Receivable                         $12,040

                         Fees earned                                                                    $12,040

b. No it would not have been.

If using the cash basis, the revenue would only be recognized when the cash is paid to the company. As the cash has not been paid, there would be no need to adjust for the revenue in the present period.

You might be interested in
There are a number of derogatory terms in the united states for members of minority groups who have assimilated. "oreo, "twinkie
asambeis [7]
The term that embodies these insults is identity challenges. 
These people are living as minorities in areas where there are predominantly people who don't have the same skin color as they do. Thus, in order for them not to stand out from the crowd, they start acting the same way as the majority of the people do, even though it may not suit their skin color at all. Which is why there are these derogatory terms to describe them, unfortunately. 
6 0
4 years ago
Read 2 more answers
To assist ________ decision making, information systems are used to obtain aggregate summaries of trends and projections of the
Zinaida [17]

Answer: Executive level.

Explanation:

The Executive level decision making are decisions made concerning a company by the management or owners of the company. When making decisions at the highest level in a company there is a high reliance on accurate information sources to enable accurate decisions to be made.

8 0
3 years ago
Which of the following business opportunities allows a business to purchase and sell a company's products, but not the right to
Degger [83]

Answer:

Dealers/distributors allows a business to purchase and sell a company's products, but not the right to use that company's trade name as its own

<u>Explanation:</u>

Although only one out of every odd state with a dealers have opportunity which  similarly characterizes the term, the more significant part of them use the accompanying general criteria: A business opportunity includes the deal or rent of any item, administration, gear, etc. that will empower the buyer licensee to start a business.  

Moreover, business openings offer less help than opportunities; this could be a bit of leeway for you if you blossom with opportunity.

 

4 0
4 years ago
Before sending a resume , you should always check with the employer to see what operating system they use
san4es73 [151]

Answer:

im pretty sure it is true

Explanation:

5 0
3 years ago
Richard operates a hair styling boutique out of his home. The boutique occupies 420 of the home's 1,200 square feet of floor spa
Gennadij [26K]

Answer:

b. $1300 income

Explanation:

Apportionment rate = 420/1200 square feet = 35% attributable to the boutique.

Amount of income from the boutique would be all the income receipts as reduced by all the qualifying expenses relating to the business.

So, Richard's income from the boutique would be computed as under:

= $10,000 gross income - $2400 supplies expense - Depreciation attributable to boutique i.e 35% of $12,000 - utilities expenses attributable to boutique i.e 35% of 6000

= $10,000 - 2400 -  4200 - 2100

= $1300 income

6 0
3 years ago
Other questions:
  • The invoice should be sent to Ventura Communications 58 Jackrabbit Avenue Suite 10 Phoenix AZ 85745 no later than March 4 2008.
    6·1 answer
  • Under the Investment Advisers Act of 1940, which of the following statements are TRUE regarding the investment adviser's relatio
    6·1 answer
  • Tony Matheson plans to graduate from college in May 2018 after spending four years earning a degree in sports and recreation man
    15·1 answer
  • Concerned about the political fallout from rising gasoline​ prices, the government cuts the tax on gasoline. At the same​ time,
    15·1 answer
  • The maximum size of a cell is determined by the ratio between the cells
    11·1 answer
  • A $150,000 loan is to be amortized over 7 years, with annual end-of-year payments. Which of these statements is CORRECT? a. The
    14·1 answer
  • If the Federal Reserve buys $8,500 worth of securities from non-bank public, and the non-bank public then keeps the payment from
    6·1 answer
  • 17. Which of the following is an example of a
    6·1 answer
  • What are new guidelines issued by GAAP for consolidating entities
    11·1 answer
  • On the statement of cash flows, the cash flows from operating activities section would include:.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!