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Gekata [30.6K]
2 years ago
9

A company performs $10,000 of services and issues an invoice to the customer using the accrual method what’s the correct entry t

o record the transaction?
Business
1 answer:
guajiro [1.7K]2 years ago
6 0

Based on the accrual method, the correct entry for $10,000 worth of services would be a debit to accounts receivable for $10,000 and a credit to Sales revenue for $10,000.

<h3>Why is this the correct entry?</h3><h3 />

The company has performed a certain service for a customer and hasn't been paid for it. The customer therefore owes the company which makes them an account receivable.

The $10,000 will be considered revenue by the company so they will credit the revenue account. Accounts Receivables are assets so this account will be debited.

Find out more on accounts receivables at brainly.com/question/24871345.

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The three types of companies that populate and compete in the global marketplace are (1) international firms; (2) multinational firms; and (3) <u>transnational</u> firms.

<u>Explanation:</u>

An international corporation, also known as a global corporation, is derived from the generic word global, meaning worldwide. As an enhancement of the marketing strategy in their home country, a foreign company participates in trade and marketing in various countries and called as international firms.

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All of the following is true about CRM, or Customer Relationship Management except:______.
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Answer:

B

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Why did laborers sign contracts with an x?
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Firm X is selling a vehicle with an MSRP of $30,000 and dealer discount of 10%. Unit cost is $20,000 and fixed costs are $1.4 bi
seraphim [82]

Answer:

Number of vehicles to be sold to reach break-even point is 200,000 unit

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Dealer  Discount = MSRP * Rate of Discount

=$30,000×10%

=$3,000

<em>Computation of net selling Price:  </em>

Net Selling Price = MSRP - Dealer ′ s Discount

=$30,000 - $3,000

=$27,000

<em>Computation of Contribution Margin:  </em>

Contribution Margin = Net Sales - Unit Cost

=$27,000 - $20,000

=$7,000

<em>Compute the number of units to reach break-even point for Firm X.</em>

Break-even point = Fixed cost / Contribution per unit

=$1,400,000,000  / $7,000

=200,000 units

​

Therefore, number of vehicles sold to reach break-even point is 200,000.

Nb: MSRP means manufacturer's suggested retail price

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