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guajiro [1.7K]
2 years ago
13

Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an incr

ease in an asset account and an increase in a revenue account. Accounts receivable is usually increased when accruing revenues. Adjustments involve increasing both an expense account and a liability account. They refer to revenues that are earned in a period, but have not been received and are unrecorded. They refer to earnings which have been earned but not yet billed.
Business
1 answer:
vaieri [72.5K]2 years ago
6 0

Answer:

  • The adjustment causes an increase in an asset account and an increase in a revenue account.
  • Accounts receivable is usually increased when accruing revenues.
  • They refer to revenues that are earned in a period, but have not been received and are unrecorded.
  • They refer to earnings which have been earned but not yet billed.

Explanation:

Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.

When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.

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Answer:

D

Explanation:

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Bayram had the opportunity to choose between two investments. The first investment was described as having a 30% chance of succe
DiKsa [7]

Answer:

a framing bias

Explanation:

Framing bias occurs when a person chooses an option based on whether it was presented in positive or negative terms. There is tendency to avoid risk on positive presentation, and seek risk on negative presentation. It is a form of cognitive bias.

On this scenario Bayram is to choose between two investments. One was said to have 30% chance of success and the other a 70% chance of failure.

Although both investments have the same risk and benefit Bayram chose the one that was presented as 30% chance of success.

This phenomenon of choosing based on positive presentation is called framing bias.

4 0
3 years ago
Where do you find lemon juice in the grocery store?
gtnhenbr [62]
You can find lemon juice in the produce section.
7 0
3 years ago
Amy's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Amy's very tiny kitchen has barely
Mkey [24]

Solution :

Amy can only change the number of workers. As the fixed input cannot be changed in the short run, so in the short run, the workers are the variable inputs and the ovens are the fixed inputs.

a). Marginal Product of labor

  No. of workers    The Output    The Marginal product of labor

   0                           0                           ---

   1                            60                        60

   2                           100                       40

   3                           130                       30

   4                           150                       20

   5                           160                       10

The marginal product of the labor is the change in the quantity i.e pizza as Amy hires an additional worker.

1 worker raise the output to 100, so the marginal product of labor of 1 worker is 100 and so on. The marginal product of the labor = change in the output / change in the number of workers.

b).

No. of workers   The Output    The Fixed cost  The Variable cost Total cost

       0                            0              20                        0                          20

       1                            60             20                       30                         50

      2                            100             20                      60                       80

      3                            130             20                       90                       110

      4                            150            20                        120                      140

     5                             160            20                        150                      170

The fixed cost remains the same but the variable cost increases as one more worker is hired.

The law of the diminishing the marginal product of labor is determined by = total output increases at the decreasing rate as we increase the quantity of the labor.      

   

   

   

         

7 0
3 years ago
On January 1, 2018, VKI Corporation awarded restricted stock units (RSUs) representing 19 million of its $1 par common shares to
zysi [14]

Answer:

1. Total compensation cost= $96.9 m

2. Compensation expense  $32.3 m

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Explanation:

The question relates to 'EQUITY GRANT', which is some sort of compensation given to somebody, especially/specifically to employees of an entity provided that certain conditions/vesting requirements are satisfied by the employee. For example, an entity in it's initial phases of growth (because certain entities don't have the money/working capital in initial stages of business) offers it's employees to stay within the entity for at least three years during which no stipend will be paid but shall receive equity ownership thereafter. In such a situation the employer grants them equity once the vesting requirement is satisfied by the employees.

<em>So at the time of of awarding, no entry is passed with respect to RSUs but at each reporting date the entity records a certain amount in equity account. Total compensation cost is calculated as follows:</em>

Total compensation cost = 19 m×$5.10

TCC= $96.8M

The RSUs are split into three year period as follows:

Yearly equity recognition: $96.9m÷3= $32.3m

So at 31 December 2018 VKI Corporation would charge $32.3m to the equity account. The entry is as follows:

Compensation expense  $32.3 m

                       paid-in capital - restricted stock   $32.3m

8 0
3 years ago
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