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Charra [1.4K]
3 years ago
6

On June 30, 2009, Apricot Co. paid $5,000 cash for management services to be performed over a two-year period. Apricot follows a

policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31, 2009 for Apricot would include:
Business
1 answer:
Nikolay [14]3 years ago
7 0

Answer:

A debit to Management Services Expense for $1,250.

Explanation:

The adjusting entry for apricot would include that

There is a debit to the  Management Services Expense for

= $5,000 ÷ 2 years × 6 months ÷ 12 months

= $1,250

Hence, the adjusting entry for apricot would include a debit to the  Management Services Expense for $1,250

The same should be considered and relevant

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Which core process includes the activities required to produce and deliver the service or product to the external customer?
krek1111 [17]

The core process which includes the activities required to produce and deliver the service or product to the external customer is <u>order</u> <u>fulfillment</u> <u>process</u>

Order fulfilment is a process of fulfilling a sales order according to the customer's specifications. That is, delivering goods as promised at the time of sale. There are four main steps in fulfilling a customers order which are-  processing orders, warehousing, packing, and shipping products.

After the customer places an order, there is a procedure to be followed where you need to prepare and deliver the items accordingly. This process typically takes up to 48-72 hours to be completed.

After an order has been submitted for fulfillment, it has to be received and accepted by the logistics company.

Hence, the answer was given and explained above.

To learn more about the order fulfillment process here:

brainly.com/question/9694610

#SPJ4

5 0
2 years ago
On December 31, 2015, Waterway Industries is in financial difficulty and cannot pay a note due that day. It is a $2900000 note w
iris [78.8K]

Answer:

(a) $210,000

(b) $351,500

Explanation:

(a) Given that,

Fair value of equipment = $1,440,000

Face Amount of the note = $1,230,000

Gain on sale:

= Fair value of equipment - Face Amount of the note

= $1,440,000 - $1,230,000

= $210,000

(b) Given that,

Accrued Interest Payable = $290,000

Interest rate = 5%

Gain on the partial settlement and restructure of the debt:

= Accrued Interest Payable + (Face amount of note × Interest rate)

= $290,000 + ($1,230,000 × 5%)

= $290,000 + $61,500

= $351,500

4 0
3 years ago
Mycenaean Greece became more powerful after a. ​creating trade networks with Egypt b. ​war with Persia. c. ​destruction of Crete
zalisa [80]

Mycenaean Greeks became more powerful after destruction of Crete.

Option c

<u>Explanation:</u>

The Civilization of Mycenaean in the ancient Greece is considered to be the last phase of the bronze age with the span of 1600–1100 BC. The civilization was named after the most prominent area called the Mycenae in Argolid.

The first wave of destruction in their mainland occurred in 1250 BC due to few unidentified reasons. The second and final destruction happened on 1190 BC which marked the end of the whole civilization.

They are known to be the first human to speak the Greek language. They were majorly influenced by the people of earlier Minoan civilization which was situated on Crete island.

7 0
4 years ago
Responsible drivers assess their personal fitness to drive before getting behind wheel Discuss 3 questions you should ask yourse
algol [13]

Explanation:

  • Q1.Can my eyes capture things within the normal distance?
  • Q2. Am I feeling normal without any illness?
  • Q3. Is hearing fine?

Answer for Q1: I would list down things that I could see from normal distance, objects on my left and right and would ask my family member to cross check.

Answer for Q2: Driving with heavy fever, or other illness sometimes make driving difficult. So it risks both passenger and driver's life.

Answer for Q3: I would self check with normal hands-free. I would check one ear at a time.

7 0
3 years ago
External government debt is: Multiple Choice government debt owed to individuals in foreign countries. government debt owed by o
daser333 [38]

Answer:

The correct answer is option A (government debt owed to individuals in foreign countries).

Explanation:

  • This applies to interest earned from some kind of creditor or outside nation, this must be repaid throughout the commodity these were invested in.  
  • External debt may be collected through foreign banking institutions, from global banking organizations including the World Bank, respectively., as well as from sovereign governments.

Some other alternatives given don't apply to the cases in question. So answer A is a good one.

4 0
3 years ago
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