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Monica [59]
3 years ago
10

Chimney Sweeps provided chimney cleaning services to several clients during the month of February. Chimney's customers have not

yet been billed. Chimney's customers owe $2,000 to Chimney. How will Chimney Sweeps record this transaction? O Debit accounts receivable and credit cash O Debit cash and credit services revenue O Debit accounts receivable and credit services revenue
Business
1 answer:
Mumz [18]3 years ago
6 0

Answer:

O Debit accounts receivable and credit services revenue

Explanation:

Services has been performed by Chimney Sweeps and they have not been paid yet. So, the $200 is receivable from customer.

Chimney Sweeps record this transaction by following journal entry:

                                       Debit      Credit

Accounts Receivable   $2,000

Services Revenue                        $2,000

So the correct answer is O Debit accounts receivable and credit services revenue.

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Muller’s Investigative Services has stock trading at $80 per share. The stock is expected to have a year-end dividend of $4 per
Natalija [7]

Answer:

The forecast of growth is 9%

Explanation:

The dividend discount model is used to discount future dividends at the cost of equity to find the Value of the stock and is appropriate to use in this instance

SP = D1/r - g

What we have D1 $4, SP $80, r 14% we need to find the forecast of growth

Plug in the values in the formula

80 = 4/ 0.14 - g

80(0.14-g) = 4

80(0.14-g)/80 = 4/80

0.14 - g = 4/80

-g = 4/80 - 0.14 = -0.09

g = 0.09/9%

4 0
3 years ago
Match each situation with the term that best describes it. Use each term only once.
Dmitry [639]

Answer:

1. One of your subordinates only seems to respond to threats of punishment. What type of power should you use to motivate him?

h. <u>Persuasive power </u>

2. You manage a difficult subordinate who only cooperates when she feels that you have the formal authority to ask her to do something. What type of power should you use to motivate her?

b. <u>Legitimate power</u>

3. One of your subordinates looks up to you as a role model. What type of power should you use to motivate her?

a. <u>Personal power</u>

Explanation:

In any given situations there are different incidents that would require someone to apply different power in-order to manage the situation. This could be in form of motivation or deterrent method during the application of the power.

For example, in the case of the subordinate looking up to you as a role model, you should apply personal power in-order to motivate the person. the personal power will help you to build personal relationship between the subordinate and you.

7 0
3 years ago
Two obstacles you may face in your attempt to achieve your goals
egoroff_w [7]

Answer: Perfectionism, Expectations, Distrations, etc.

Explanation:

5 0
3 years ago
A family is the basic unit of a consumer sector.<br><br> Question 6 options:<br> True<br> False
aleksklad [387]

Answer:

True

Explanation:

A household is composed for the persons that live inside a house, apartment, or room. it is the basic unit of a consumer or private sector

3 0
3 years ago
Read 2 more answers
Which of the following is true about development? Group of answer choices It involves the movement, over generations, of the bul
leonid [27]

Answer: It involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries

Explanation:

Development involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries. Technology is also influenced by technological change.

The least developed countries have most of their populations employed in the primary sector like agriculture and haven't completed the transition from manufacturing to services and have not yet entered the information age.

5 0
3 years ago
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