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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

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Assume there are currently five firms producing and selling computer chips in the European market. Also assume that the product
irina1246 [14]

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3 years ago
Read 2 more answers
A monopsonistic employer in an unorganized (nonunion) labor market will: Group of answer choices pay a wage rate in excess of la
pogonyaev

Answer:

pay a wage rate less than labor's MRP

Explanation:

A monopsonistic employer in an unorganized (nonunion) labor market will: "pay a wage rate less than labor's MRP"

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3 0
3 years ago
Three contractors (call them a, b, and
patriot [66]

Answer:  The probabilities of winning a contract are

P(A) = \frac{28}{36}  

P(B) = \frac{7}{36}  

P(C) = \frac{1}{36}


Let the Probability of C winning the contract - P(C) be 'X'

Then,

Probability of B winning the contract - P(B) will be '7X'     and

Probability of A winning the contract - P(A) will be \mathbf{P(A) = 4 * P(B) = 4*7X = 28X}

Since the total of all the probabilities is 1,

\mathbf{P(A) + P(B) + P(C) =1}

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\mathbf{36X =1}

\mathbf{X =\frac{1}{36}}

So,

P(A) = \frac{28}{36}

P(B) = \frac{7}{36}

P(C) = \frac{1}{36}

4 0
3 years ago
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