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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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Bart's Appliance Center owner Ron Bart feels that his organization has access to a great deal of information generated both insi
leonid [27]

Answer: (C) Marketing information system

Explanation:

The marketing information system is one of the important tool that helps the managers in an organization for making various types of desc ions regarding the development and the promotion of the product.

The marketing information system is basically define as the structure of the method in an organization that helps in the analysis of the data and then represent the information more efficiently.

The information related to the marketing is formally analyzed , stored and also distributed according to the requirement in an organization.

Therefore, Option (C) is correct.  

6 0
3 years ago
when it comes to distribution, what is the least expensive route when getting the product from manufacturer or farmer to the ult
jonny [76]
<h2>The least expensive route is to use "Direct distribution Channel"</h2>

Explanation:

There are two modes where a manufacturer or farmer can reach the product to the customer.

1. Direct channel: This enables the customer to directly buy from the manufacturers.

Example: Online purchase. In this the customer has direct access to the product and orders online. The manufacture has to find a source to deliver the goods to the customer.

Manufacturer should have warehouses, shipping centers, etc to deliver the product.

2. Indirect channel: Relies mainly on intermediaries to perform product distribution to the customers. This includes dealer, sub-dealer and many other to reach the product to the customer.

7 0
3 years ago
When Glenn is thirsty, he always buys a Coke. Like many consumers, Glenn engages in considerable alternative evaluation when buy
Alecsey [184]

Answer:

False

Explanation:

Buying coke by Glenn is an habit because he does not have to think before doing it. He does not even try to consider alternatives which could be as a result of his total satisfaction from coke. Habitual decisions need little to no conscious effort (reasoning) to make.

Cheers.

3 0
3 years ago
Harold Corporation has an existing contract to sell 200 units of product to a customer at $10 each. After the delivery of 150 un
nika2105 [10]

Answer:

C. $142.50

Explanation:

From the existing contract,

200 units for $10 each

150 units were delivered so, 10 x 150= $1500.

The customer wants to extend the contract for additional 100 units at $9.50 each.

So,what is the revenue to Harold Corporation for these additional units which cost $9.50 for the next 15 units.

Therefore, 15 x 9.50=  $142.504

4 0
3 years ago
Read 2 more answers
On March 1, Pimlico Corporation (a U.S.-based company) expects to order merchandise from a supplier in Sweden in three months. O
luda_lava [24]

Answer and Explanation:

The computation is shown below:

a. As a premium expense

= ($0.460 - $0.44) × 695,000

= $13,900

b. As a difference of 3 months spot rate and spot rate

= ($0.455 - $0.44) × 695,000

= $10,425

The first one represents the premium expense for $13,900 and the second part represents the adjustment to the net income in a positive way

7 0
3 years ago
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