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Elza [17]
2 years ago
14

Jefferson Cleaning signed an agreement with Willis Company on December 15 to provide cleaning services every Friday. The service

s will be billed to Willis Company on the fifteenth of each month at a rate of $15 per hour. As of December 31, Jefferson Cleaning had provided 15 hours of cleaning services to Willis Company. Which of the following is the required adjusting entry that Jefferson Cleaning should make on December 31?
a. Debit Accounts Receivable, $225; credit Fees Earned, $225
b. Debit Fees Earned, $225; credit Accounts Receivable, $225
c. Debit Accounts Payable, $225; credit Fees Earned, $225
d. Debit Fees Earned, $225; credit Accounts Payable, $225
Business
1 answer:
uysha [10]2 years ago
5 0

Answer:

Debit Accounts Receivable, $225; credit Fees Earned, $225

Have a fantastic Day!

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Which of the following is a pair of events which are mutually exclusive?
Lemur [1.5K]

Answer:

C. Sleeping in late and waking up early.

Explanation:

Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.

Going with the above brief analysis, we.can easily say which of the pair of events is not mutually exclusive.

1. Rolling a 4 on a six-sided die and on a four-sided die

It's 100% possible to have an outcome of 4 when a 4 sided die and when a 6 sided die are rolled, whether at the same time or on different occasions. So, this pair of events are not mutually exclusive

2. Making rice and making corn

This pair of events are not mutually exclusive because it's possible to make rice and corn at the same time either together as a meal or separately using different cooking utensils

3. Sleeping in late and waking up early

This pair of events are mutually exclusive. This is so because literally, it's not possible to sleep late and wake up early at the same time.

You sleep early to wake early and you sleep late to wake late.

4. Going to work and riding the bus.

This pair of events are not mutually exclusive because they can occur at the same time when you go to work a bus.

So, option C is the correct answer

4 0
3 years ago
One problem in the interstate trucking industry is the number of trucks that return empty after making a delivery. There is a we
balu736 [363]

Answer:

Yield management pricing

Explanation:

Yield management pricing is the charging of different prices for a given set of capacity at a specific time in order to maximize revenue. This is based on the demand and supply in the market and is very common in industries such as airlines, hotels and resorts. When there is very high demand for airline seats, prices for them are high. However, if some of those passengers decided to refund their tickets, close to departure and the flight would be taking off soon, instead of flying with empty seats and no revenue from them, the airline would decide to sell these same seats at a cheaper rate in order to gain some revenue. This is a form of revenue maximization.

6 0
2 years ago
Mark exchanged an office building that he owned for over ten years for vacant land used by Sandy in her farming business. The of
hram777 [196]

Answer:

h

Explanation:

3 0
2 years ago
Able, Baker, and Carter have partnership capital account balances of $600000 each. Income and losses are shared equally. Carter
poizon [28]

Answer and Explanation:

The Journal entry is shown below:-

Carter's Capital Dr $600,000

                 To Able's Capital $450,000    (3 ÷ 4 × $600,000)

                To Baker's Capital $150,000

(Being Carter’s withdrawal from the partnership is recorded)

For recording this we debited the carter capital as it shows the withdrawn amount and credited the able capital and baker capital so that the total withdrawn collected from these partners could come

4 0
3 years ago
Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loan
yKpoI14uk [10]

Answer:

Ans. c) The annual percentage rate of the loan is approximately 913%

Explanation:

Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.

r=\frac{FinalValue}{InitialValue} -1

That is:

r=\frac{90}{75} -1=0.20

So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.

r(Annual)=\frac{0.20}{8Days} *\frac{365Days}{1Year} =\frac{9.13}{1Year}

That is 913% per year.

Best of luck.

6 0
2 years ago
Read 2 more answers
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