<u>Solution:</u>
Deffered revenue means when an organization receives the payment prior to the goods delivered to conusmer. In the given case, business receives $3000 on 1, January for ten month service (From january to October).
<u>The revenue per month needs to be calculated:</u>
Revenue per month = Revenue for ten months divided by Total number of months
By putting the figures we get,
Revenue per month = $3000 divided by 10 = $300 per month
An adjusting entry needs to be passed:
Date Particulars debit credit
31st jan Unearned Revenue $300
Service Revenue $300
( Service revenue that has been collected in advance)
Answer: barter
Explanation:
Barter is an exchange system whereby money isn't used as the medium of exchange but rather, there's a direct exchange of goods or services.
From the question, we are given the information that Italy agrees to buy 5,000 cars from Comfort Cars Inc. in exchange for 5,000 barrels of oil. This shows that a barter system took place.
Answer:
B) data mining
Explanation:
Data Mining refers to the process of discovering patterns in large data sets using techniques like machine learning, statistics or database systems. The company uses this process to turn raw data into useful information for marketing , sales or cost management.
Answer:
a) $1,918.17
b) 16.8 months
C) Yes, Capstone Turbine will remain in business.
Explanation:
a) To find the monthly cash expenses, we have:
Monthly cash expenses = negative cash flow from operations / 12
= 23018 / 12
= $1,918.17
b) To find the ratio of cash to monthly cash expenses, we have:
Ratio of cash to monthly cash expenses = Year end cash / monthly cash expenses
= $32,221 / $1,918.17
= 16.797
≈ 16.8 months
c) Yes, Capstone Turbine will remain in business because the calculated ratio above shows that they have cash to continue operations for approximately 16.8 months.
Answer:
The contrast coder's weekly salary last week was $450.00.
Explanation:
The CC charged $5.00 per record coded. The previous week she coded 300 records.
Write it like:
$5.00 x 300 = 1500.00
Though remember the hospital has a 30% benefit.
So:
1500.00 x 30%*=450.00
*0.30 if you can't do the % sign on the calculator
Sorry if it doesn't work out!
