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zysi [14]
3 years ago
10

Gregory visited a prospect for the first time this morning, chatted a while with

Business
2 answers:
cluponka [151]3 years ago
4 0

Answer: C assessing the clients needs

shusha [124]3 years ago
3 0

Assessing the clients needs

A-P-E-X verified ;))

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Management Services, Inc. provides services to clients. On May 1, a client prepaid Management Services $60,000 for 6-months serv
Sedbober [7]

Answer:

d. Credit to Unearned Management Fees for $60,000.

Explanation:

In the given question, it is mentioned that the management services provide service to clients, and one client gives the advance amount of $60,000 to the management service.  

So, in case of advanced received by the customer, the journal entry would be  

Cash A/c Dr       $60,000

   To Unearned Management Fees    $60,000

(Being amount received in advance)

The asset account should be debited and the liabilities account should be credited.

4 0
2 years ago
Johanna agrees to purchase Jessie’s land so that she can build a golf course. They write a contract, and Johanna transfers the d
Andrews [41]

Answer:

b. performance.

Explanation:

Discharge of contract by performance is when the both the parties agreeing to a contract performs their respective promises.

Discharge of contract by performance is a normal and natural mode of completing a contract.

Once the performance i.e the agreeing statements are proper and complete by the both the parties, they are free from the further liabilities.

8 0
3 years ago
Deforestation can significantly reduce the amount of water vapor in the atmosphere. see section 12.16 (page) . true false
egoroff_w [7]

It is a true statement that a deforestation can significantly reduce the amount of water vapor in the atmosphere

<h3>What is a Deforestation?</h3>

It refers to the purposeful clearing of forested land. The forests can be razed to make space for agriculture and animal grazing and to obtain wood for fuel, manufacturing, and construction.

Hence, the deforestation reduces the amount of transpiration and can significantly reduce the amount of water vapor in the atmosphere because each time chemical energy is passed from one trophic level to another, most of the energy is lost as heat.

Read more about deforestation

brainly.com/question/579463

#SPJ1

5 0
1 year ago
As a current or future business owner, entrepreneurs need to be able to assess collateral in order to secure a possible
amm1812

Answer:

True

Explanation:

Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.

If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.

Few, if any, will lend anyone money based on a business idea alone.  Many banks will demand a business proposal to be backed with some guarantee to secure funding.

3 0
3 years ago
Test Pilot, Inc. reported a net operating loss of $25,000 for its tax year ended December 31, 2018. Test Pilot reported income o
aalyn [17]

Answer:

Net income after operating loss for 2019 is equal to $0 dollars and amount of net operating loss carried forward available in 2020 is equal to $5000.

Explanation:

Net loss is not deductible in the current year but can however be carried forward to the subsequent year and deducted against income in that year. Therefore the loss can only be deducted from 2019 on wards. The remainder of the net loss after deducting against 2019 income will be carried over into the subsequent  year and therefore $5000 is carried forward to the year 2020.

6 0
3 years ago
Read 2 more answers
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