Answer:
<em>a. Select Process Multiple Reports from the Reports menu.</em>
Explanation:
Quickbooks enables you to print a batch of reports.
One might want to <em>print a series of monthly reports for your files using this function</em> (e.g. monthly Profit and Loss and Balance Sheet reports).
Because Quickbooks is unable to handle several Report Center files, one must start with the Report menu.
To start - Select Multiple Reports from the Reports menu to show a report group.
Answer:
<em>An </em><em><u>accounting</u></em><em><u> </u></em><em><u>profit</u></em><em> is calculated by subtracting the firm's costs from its total revenues, </em><em><u>excluding</u></em><em><u> </u></em><em><u>opportunity</u></em><em><u> </u></em><em><u>cost</u></em>
Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be elastic.
<h3>What is total revenue?</h3>
- Total revenue is the total amount of money a seller can earn from offering clients goods or services.
- The formula for this is PQ, or the purchase price times the quantity of the products sold.
- A calculation or equation that describes how certain sources of revenue will behave on a graph.
- The sum a corporation or business owner earns for the goods or services they sell during a given time period is known as total revenue.
- The formula for total revenue assists business owners in determining whether to raise prices or provide a discount on their products.
Learn more about total revenue here:
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Answer:
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
Cr Sales Revenue $1,846
Oct 15
Dr Cash $400
Dr Unearned Service Revenue $554
Cr Service Revenue $554
Cr Accounts Receivable $400
Explanation:
Preparation of the journal entries for Geraths in 2020.
July 1
No Entry
Sep 1
Dr Cash $2,000
Dr Accounts Receivable $400
($2400-$2000)
Dr Cost of goods sold $1,100
Cr Inventory $1,100
Cr Unearned Service Revenue $554
($600/$600+$2000*$2400)
Cr Sales Revenue $1,846
($2,000/$600+$2000*$2400)
Oct 15
Dr Cash $400
($2400-$2000)
Dr Unearned Service Revenue $554
Cr Service Revenue $554
($600/$600+$2000*$2400)
Cr Accounts Receivable $400
($2400-$2000)
