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vova2212 [387]
2 years ago
14

The two most common receivables are receivables and receivables.

Business
1 answer:
Kobotan [32]2 years ago
8 0
Accounts receivable and notes receivable
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A kitchen fire at a favorite restaurant caused the owner to temporarily close. This is an example of which of the following risk
Ipatiy [6.2K]

Answer:

Uncertainty-based risk

Explanation:

The restaurant was temporarily closed because of fire, which is an uncertainty.

3 0
3 years ago
Costco Wholesale Corporation collects annual non-refundable membership fees from customers. When should Costco recognize revenue
mixer [17]

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B. Evenly over the membership year

Explanation:

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Provide the summary journal entry which shows the cash flow for each of the following for Mike Roe Computers during the reportin
IrinaK [193]

Answer:

a. DR Cash CR Customer

b. DR Suppliers (Liability) CR Cash

c. DR Employees (Salaries) CR Cash

d. DR Interest Expense CR Cash

e. DR Insurance Expense CR Cash

f.  DR Income Taxes CR Cash

Explanation:

This is an accounting question that attempts to test your understanding of Journal entries.

The logic behind journal entries rests on the understanding of double entry principle in accounting that states that for every debit entry, there must be a corresponding credit entry.

Furthermore, you credit the giver and debit the receiver for any transaction.

There is a simpler way to understand this though.

I will make a little assumption that you understand what assets, expenses, losses and liabilities are;

Based on this assumption;

whenever assets, expenses and losses go up or increase, you Debit (DR) them but when they go down or reduce, you Credit (CR) them

Also, whenever Capital, incomes, and Liabilities go up or increase, you Credit (CR) them and whenever they go down or decrease, you Debit (DR) them.

Please feel free to ask me further questions on this, I am sure the little explanation I have given above will help you with any journal entry question.

Thank you.

3 0
3 years ago
Demand elasticity analyzes the _______________ and the change in total revenue resulting from a change in price.
ehidna [41]
<span>Demand elasticity analyzes the degree of sensitivity and the change in total revenue resulting from a change in price.
Demand is a service (in economics), that people are willing to buy at a certain price and degree of sensitivity is combination of the affect which is caused by changes in input values or output.</span>
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3 years ago
The 7 types of management styles
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1. autocratic

2. consensus

3. delegating

4. supporting

5. facilitating

6. Democratic

7. integrator
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