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
slamgirl [31]
3 years ago
9

Billed a customer 4500 for work completed to date log as what on t-account

Business
1 answer:
anygoal [31]3 years ago
5 0

Answer:

On t-account, it will be logged as Accounts Receivable $4,500 and Service Revenue $4,500.

Explanation:

a) Data and Analysis:

Accounts Receivable $4,500 Service Revenue $4,500

b) The company's assets have been increased by $4,500, and its Equity has been increased by $4,500 (through Service Revenue in Retained Earnings).  When the customer pays for the work completed, the Cash account will be debited and the Accounts Receivable credited.

You might be interested in
6. Consider an economy described by the following equations:
kiruha [24]

Answer:

(a) Private saving = Y-T-C

Private saving = 5000-1000-250-0.75(5000-1000)

Private saving = 750

Public saving = T - G

Public saving = 1000-1000

Public saving = 0

National saving = S = private saving+ public saving

National saving = 750

(B)  Equilibrium interest rate = S + I

750 = 1000 - 50r

-50r = 750 - 1000

-50r = -250

50r = 250

r = 250/50

r = 5%

(c) Private saving is unchanged

Public saving = 1000 - 1250

Public saving = - 250

(d) The new equilibrium interest rate

750 (-250) = 1000-50r

500 = 1000 - 50r

- 50r = 500 - 1000

- 50r = -500

-50r = 500

r = 500/50

r = 10%

7 0
3 years ago
Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer pro
coldgirl [10]

Answer:

The correct answer is A. increased.

Explanation:

The equilibrium salary is the point of intersection between the labor supply curve and the labor demand.

At Wo, the number of hours offered by job offers is exactly equal to the number of hours companies wish to use. The Wo salary and the level of employment Qo is the only continuation of salary and employment with which the market empties.

If the salary were Wes there would be an excess supply or surplus of work which would lower the salary the salary to Wo: if the salary were Wed there would be an excess or shortage of demand and the salary would be raised to Wo, this means that having excess companies need to hire workers originating a salary increase to Wo. The inverse would be the point where the surplus of job supply causes wages to fall Wo.

5 0
3 years ago
Suppose the economy is operating at a point where output is less than the natural level of output. Which of the following statem
laiz [17]

Answer: a) the price level is less than the expected price level.

Explanation:

When the actual output in an economy is lower then the natural output it is called a Contractionary Gap and the price level will be lower.

This is because the Short Run Aggregate Supply Curve and the Demand curve will intersect at a lesser quantity which will equate to a lower price as well because the economy is producing less and the people are demanding less as well so the point at which they meet will be a lesser price.

3 0
3 years ago
What is the most fastest car in the world
gtnhenbr [62]

Answer:

Bugatti Chiron Super Sport

Explanation:

The Bugatti Chiron Super Sport can go 304 MPH

7 0
2 years ago
An advertising agency conducted a research to analyze the effects of advertising on the buying behavior of consumers. It was fou
Feliz [49]

Answer:

There is a positive linear relationship between the frequency of advertising and the sales of the advertised product.

Explanation:

A linear relationship is stablished between 2 quantitative variables that have constant proportionality. In this case, the variables are directly proportional to eachother as they move in the same direction. In addition, they are both increasing. So, we can conclude these variables have a positive linear relationship.

8 0
3 years ago
Other questions:
  • Bernard Flinn operated a business known as Harvey Investment Co., Inc./High Risk Loans. Flinn worked as a loan broker, matching
    12·1 answer
  • Students arrive at the Administrative Services Office at an average of one every 15 minutes, and their requests take on average
    14·1 answer
  • A product line can include similar products?
    15·1 answer
  • If butter and margarine are substitute goods, an increase in the price of butter is most likely to cause:
    15·1 answer
  • Which of the following acts financially rewards whistle-blowers who expose fraud related to governmental programs and wrongdoing
    6·1 answer
  • Which of the following is not a problem associated with monetary​ policy? A. Monetary policy may be ineffective if investment an
    14·1 answer
  • Good Time Company is a regional chain department store. It will remain in business for one more year. The probability of a boom
    6·1 answer
  • Critical analysis Q8 When actual output exceeds an economy’s full-employment output, how will the self-correcting mechanism dire
    15·1 answer
  • On January 1, 2018, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c
    10·1 answer
  • If idle resources are put to use and more output is produced in an economy, there will be:____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!