Answer:
No
Explanation:
The receipt received from customer is view as expense and expense is not a revenue.
The receipt can be issue after purchase or return of good. so in this particular case its not a revenue. Thank you
The correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.
What is a depreciation?
In accounting, this refers to the monetary value of an asset that decreases over time due to use, wear, tear etc.
As we are given that the estimated amount of depreciation on office equipment for the current year is $3,500, then, the correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.
Read more about depreciation
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Answer:
Customer loyalty strategy
Explanation:
The customer loyalty strategies are developed by a company to retain its current clients and encourage them to recommend its services or products. mainly, the client loyalty is promoted through different special discounts or additional services that a client will have if recommend the company. these strategies can be used too if the company wants the clients increase the buy of services or products; in this case if they get a certain number of products they will obtain discounts or additional products.
Please find attached full question
Answer and Explanation:
Answer and explanation attached
Answer:
This person must pay an income tax of $ 65, which represents 2.6% of his monthly income.
Explanation:
Given that income tax in a certain state is calculated as follows: on the first $ 1000 at 2%, 3% on next 2000, 4% on the next 3000 and 5% there after, to find the tax to be paid by an individual who earns an income of $ 2500 per month, and his percentage tax, the following calculations must be performed:
2500 - 1000 = 1500
1000 x 0.02 = 20
1500 x 0.03 = 45
20 + 45 = 65
2500 = 100
65 = X
65 x 100/2500 = X
2.6 = X
Thus, per month, this person must pay an income tax of $ 65, which represents 2.6% of his monthly income.
