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2 years ago

Help help pelsss I need to pass thanks I’ll give points for honestly

Business

1 answer:

hammer [34]2 years ago

5 0

What is the scenario? You need that in order to answer.

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On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be provided over a one-year pe

Margaret [11]

Answer:

d. $9,000; $9,000

Explanation:

As cash received on January 1 in advance to provide service in one year which is completed on December 31. So all the Unearned revenue is recognized because service for 12 month has been performed so whole amount will be reported in Income statement for the year ended December 31. Only cash received is from the service revenue activity so, it is also reported as $9,000. correct option is d. $9,000; $9,000.

4 0

3 years ago

International organizations prefer to rely on Blank______ for measuring the value produced in an economy.

Ilia_Sergeevich [38]

Answer:

I thinks it's gross national income

Explanation:

I am guessing

3 0

2 years ago

Journalize the entries to record the following.

vredina [299]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c $1,100

To Cash A/c $1, 100

(Being the petty cash fund is established)

2. Office supplies A/c Dr $614

Miscellaneous selling expense A/c Dr $200

Miscellaneous administrative expense A/c Dr $145

Cash short and over A/c $26

To Petty cash A/c $985

(Being the expenses are recorded)

The Cash short and over is computed below:

= $1,100 - $115- $614 - $200 - $145

= $26

4 0

3 years ago

Draw a demand for dollars curve. Label it D. Draw a supply of dollars curve. Label it S. Draw a point at the equilibrium quantit

brilliants [131]

Answer:

The forces of demand and supply in the market will pull the foreign exchange market into equilibrium.

Explanation:

When there is a surplus of dollar in the foreign exchange market the forces of demand and supply will pull the foreign exchange market into equilibrium. i.e. The exchange rate will be reduced to bring the exchange market to equilibrium. without change in demand or supply.

attached below is the required graph.

3 0

3 years ago

Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of

fiasKO [112]

Answer:

1. Overhead rate based on direct labor cost = Overhead applied * 100/Direct labor cost

Overhead rate = 888 * 100/1200

Overhead rate = 74% of direct labor cost

2. Preparation of the brief job-order cost sheet for the four jobs.

Job 86 Job 87 Job 88 Job 89

Beginning balance, March 1 6,888 6,820

Direct materials 3,000 7,000 2,100 1,500

Direct labor 800 6,000 900 500

Applied overhead 592 4440 666 370

Total Balance March 31 11,280 24,260 3,666 2,370

5 0

3 years ago