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
ELEN [110]
3 years ago
13

Athens Delivery Service is hired on October​ 31, 2018 to perform​ services, beginning on November​ 1, 2018. The delivery service

s will be performed for six months at a rate of $ 2 comma 600 per month. ​ Athens' fiscal year ends on December 31. What amount of service revenue should be recorded as an adjusting entry on December​ 31, 2018?
Business
1 answer:
gayaneshka [121]3 years ago
7 0

$5200 is the amount of service revenue should be recorded as an adjusting entry on December​ 31, 2018

Solution:

Athens Delivery Service is hired on October​ 31, 2018 to perform​ services:

=> 6 month contract at $2,600 a month

Then , Nov 1 - Dec 31 = 2 months

i.e 2,600 * 2 = $5200

$5200 is the amount of service revenue should be recorded as an adjusting entry on December​ 31, 2018

You might be interested in
When a firm adopts new technology, it is customary for firms':
Anna35 [415]
I believe the answer is:

a. cost curves to shift upward
6 0
3 years ago
Read 2 more answers
​Mercer, Inc. provides the following data for​ 2019: Net Sales Revenue Cost of Goods Sold The gross profit as a percentage of ne
Setler [38]

The question is incomplete as it is missing the figures. The complete question is,

Mercer, Inc. provides the following data for​ 2019:

Net Sales Revenue 598000

Cost of Goods Sold 350000

The gross profit as a percentage of net sales is​ ________. (Round your answer to two decimal​ places.)

Answer:

Gross profit as a percentage of net sales = 0.4147 or 41.47%

Explanation:

The gross profit is a profit earned by a business through its trading activity. It is calculated by deducting the cost of goods sold from the net sales revenue and it is the profit earned by a business before deducting any operating and non operating expenses of the business.

Gross profit = Net Sales - Cost of goods sold

Gross Profit = 598000 - 350000   = $248000

The gross profit as a percentage of net sales is,

Gross profit as a percentage of net sales = Gross profit / Net Sales

Gross profit as a percentage of net sales = 248000 / 598000

Gross profit as a percentage of net sales = 0.4147 or 41.47%

5 0
3 years ago
How companies can link their compensation and evaluations to organizational objectives?
kicyunya [14]

Answer:

For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs, it is essential for organizations to identify the drivers behind pay. For this reason, the foundational step of creating any solid compensation strategy is linking it to the business strategy.

Explanation:

8 0
3 years ago
I need someone too talk to please.​
EastWind [94]

Answer:

You can talk to me!!

Explanation:

3 0
3 years ago
Read 2 more answers
Health-Tech Materials is a firm that manufactures medical equipment purchased by hospitals and clinics. The firm employs over 2,
arlik [135]

Answer:

Correct Answer: The least likely question to be included in the ethic test is:

A) What Health-Tech employees will be affected by my actions?

Explanation:

This is because, it does not have a direct implication to the code of conduct expected by the Health-Tech's company when compared with others. <em>For example, seeing a fraud going on in the company, it is expected that the staff should report to the appropriate management staff irrespective of whether the action would affect the staff's friend or not.</em>

4 0
4 years ago
Other questions:
  • Who is responsible for the preparation and integrity of the financial statements?
    11·1 answer
  • What refers to the quantity of goods and services that consumers are willing to buy at a given price? refers to the quantity of
    13·2 answers
  • In the "iron law of oligarchy," robert michels stated that bureaucracy always means ________
    7·1 answer
  • A 21-year German government bond (bund) has a face value of €550 and a coupon rate of 4% paid annually. Assume that the interest
    14·1 answer
  • Crane Company is contemplating the production and sale of a new widget. Projected sales are $375000 (or 75000 units) and desired
    12·1 answer
  • What should be appropriate for a target market
    7·1 answer
  • The Groom company has 50,000 shares of $10 par value common stock outstanding when it declares a dividend of $1 per share. What
    12·1 answer
  • XYZ Company wants to be prepared for the ASEAN free trade area. The company plans to develop its own production and marketing fa
    6·1 answer
  • One function of a firm to its employees is to provide them with proper working conditions and pay them accurate wages and salari
    13·2 answers
  • These skills enable the managers to make use of human potential in the company and motivate the employees for better results. *
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!