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jonny [76]
3 years ago
7

A​ & D Window Cleaning performed​ $450 of services but has not yet billed customers for the month. If A​ & D fails to re

cord the adjusting​ entry, what is the impact on the financial​ statements?
Business
1 answer:
yanalaym [24]3 years ago
8 0

Answer:

d. balance sheet: assets understated, equity understated income statement: revenues understated

Explanation:

The journal entry would be

Account receivable Dr $450

          To sales revenue $450

(Being sales revenue is recorded)

Here the account receivable is debited as it increased the assets and credited the sales revenue as it also increased the revenue also the equity would be increased

Therefore if this entry is not recorded so the revenue, net income, assets and equity all are overstated

hence, the correct option is d.

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Materials that become an important component of the finished product whose cost can be easily and conveniently traced to the fin
Ipatiy [6.2K]

Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>

<u></u>

<h3>What are direct materials?</h3>

Those components pass into a manufactured product are called as Direct materials. Direct materials cost refers to the cost of direct materials which may be without problems recognized with the unit of production.

For example, the value of glass is an immediate substance cost in light bulb manufacturing.

Hence, Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>

<u></u>

learn more about direct materials:

brainly.com/question/26245657

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8 0
1 year ago
Marginal productivity theory assumes that a worker’s income is a function of the contribution of that worker to the value of the
Dmitriy789 [7]

Marginal productivity theory assumes that a worker’s income is a function of the contribution of that worker to the value of the output. in business, this is called the "value-added" approach.

There is a correct theory called marginal productivity theory. Wages are paid at a level equal to the marginal revenue product of labor, the MRP (value of the marginal product of labor). MRP is the increase in income caused by the increase in output produced by the last employed worker.

The marginal productivity theory of income distribution proposes that each individual should receive income based on their contribution to total output. The marginal productivity theory of income distribution has been criticized for the following reasons. Income from inheritance is inconsistent with the theory.

Learn more about Marginal revenue here: brainly.com/question/13617399

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7 0
2 years ago
A salesperson should focus his or her sales resources on only one individual in the buying organization.​
madam [21]

A salesperson should focus his or her sales resources on only one individual in the buying organization.

The statement is false.

Top 5 skills for a career in sales:

  • Confidence - maintaining a positive mind-set.
  • Resilience - communicating with conviction.
  • Active listening - expertise in the customers' desires.
  • Rapport building - promoting your personality.
  • Entrepreneurial spirit - chronic self-development.

The essential duty of a salesperson is selling. This responsibility consists of assembling the prospects, offering and demonstrating the goods, inducing the prospects to shop for, taking orders, and effecting income. a salesman needs to manual the customers in buying the products they want.

<em>Your question is incomplete. Please read below to find the missing content.</em>

A salesperson should focus his or her sales resources on only one individual in the buying organization.

True

False

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3 0
1 year ago
All of the following are categories of data that marketing researchers typically collect except for which one? a. Fears b. Behav
swat32

Answer:

The correct answer is A

Explanation:

Market research is the research which is a scientific study and it is performed in order to collect the important market information, enable the business to make the right decisions.

The collection of the data in the marketing research is defined as the detailed as well as informative procedure, in which the planned search for the all the relevant data that is made by the researcher.

So, the categories which are used for the data that  marketing researchers usually collect are behavior, attitudes and intentions.

3 0
3 years ago
Nadia stood outside the mall and asked people which stores they visited and if they bought anything. if they said yes, she asked
lana [24]
It was a survey i think
6 0
3 years ago
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