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11111nata11111 [884]
2 years ago
13

What is Revenue? What is Expense?

Business
1 answer:
kolbaska11 [484]2 years ago
3 0

Answer: Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations and Expenses are the costs required for something; the money spent on something.

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Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100,000 par value. The bond
Alinara [238K]

Answer:

Dr Potter's 8% Bonds 100000

Cr Cash 100000

Dr Cash 4000

Cr Interest from Bonds 4000

Explanation:

Preparation of the journal entry to Complete the necessary December 31 entry to record

July, 1

Dr Potter's 8% Bonds 100000

Cr Cash 100000

(Being 8% Bonds purchased)

December, 31

Dr Cash 4000

Cr Interest from Bonds 4000

(100,000*8%*1/2)

(Being Interest received on 8% Bonds)

5 0
3 years ago
The project is slightly behind schedule. Things would be worse, except for the fact that the project manager makes daily follow-
const2013 [10]

Answer:

C. Team buy-in

Explanation:

It is correct to say that the attitude of constantly pushing the team to carry out the project is influenced by the team's lack of commitment.

This occurs when there are a number of problems in the project team, which can be caused by personal conflicts between the project members, lack of communication, lack of integration and difficulty in understanding the project objective.

The attitude of the project manager corresponds to a management support, which guarantees the continuity of the project through an effective management that coordinates and controls the project and prevents problems from becoming bigger and impacts on the realization of the project.

4 0
3 years ago
A company makes a $5 profit on each non-faulty product it sells. Approximately 2% of the products manufactured are faulty, with
Harlamova29_29 [7]

Based  on the information given the profit per item is $2.90.

First step is to calculate the company profit

Profit=(100%-2%)×$5

Profit=98%×$5

Profit=$4.9

Second step is to calculate the profit per item

Profit per item=$4.9-($100×2%)

Profit per item=$4.9-$2

Profit per item=$2.90

Inconclusion  the profit per item is $2.90.

Learn more here:brainly.com/question/1656767

5 0
3 years ago
The GDP Deflator can be used to identify?
lisabon 2012 [21]
The GDP Deflator is a measure of price inflation.
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4 years ago
ECONOMICS!! PLEASE HELP ME!!
earnstyle [38]
I am pretty sure it’s the second one the ability to make choices
3 0
3 years ago
Read 2 more answers
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