The adjusting entry to record revenue for services the seller has performed but not yet collected requires: A debit to Accounts Receivable and credit to Service Revenue.
<h3>Journal entry</h3>
The appropriate journal entry the record revenue for services the seller has rendered but not yet collected will includes debiting account receivable and crediting service revenue.
Adjusting journal entry
Debit Accounts Receivable
Credit Service Revenue
Inconclusion the adjusting entry to record revenue for services the seller has performed but not yet collected requires: A debit to Accounts Receivable and credit to Service Revenue.
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Answer:
In case of a friendly takeover, the approval of both acquiring company and target company's board of directors is required. Shareholders and management of both parties mutually agree in such a deal.
In case of a hostile takeover, the situation is exactly the opposite. A strong company acquires a weak, loss making company. In such a case, it is acquisition by power and dominance and the agreement by board of directors of the target company is not essential.
Following could be the strategy in dealing with employees of the acquired firm:
Select: For example, top performing individuals are identified and are called for a meeting and individuals with proven leadership record and influence are selected to lead and thus, align the workforce with new policies and objectives.
Engage: It means to involve individuals in the policy making process. For example, before purchasing a new advanced machinery for production, the representatives of work force are called forth and their ideas and inputs are taken. This develops a sense of belongingness and creates a rapport.
Cater to the needs of employees: It is necessary to pay attention to the needs and to take care of the interests of the employees. To ensure this adequate compensation system should exist and employees need to be motivated enough via incentives.
ANSWER: C) People could not charge as many different prices for goods.
EXPLANATION: If a currency has fewer denominations, then it would be a problem to charge different prices for goods as the change will not be available. For example, if the country is having currency for only $ 50 and $100, then the products can not be priced at $5 or $10. Even the smallest item will have a minimum price of $50 which will be not be worth of. The price of the products will either decrease or increase drastically. Proper pricing of any product will not be possible and it will affect the common people.
Answer:
$85,225
Explanation:
The computation of the applied overhead is shown below:
Let us assume that the Direct labor be X
And, the factory overhead be 1.4X
As we know that
Cost of goods manufactured = Beginning work in process + direct material + direct labor + factory overhead - ending work in process
$213,300 = $35,100 + $57,200 + X + 1.4X - $25,100
$213,300 = $67,200 + 2.4X
$146,100 = 2.4X
X = $60,875
And, the factory overhead is
= $60,875 × 1.4
= $85,225
hence, the applied overhead is $85,225
C) create an effective marketing plan for customers