Abc catering received $1240 cash from a customer for catering services to be provided next month. given the choices below, determine the general journal entry that abc catering will make to record the cash receipt. assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 19:20, goofy44
Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm
Answers: 1
Business, 22.06.2019 19:30, buggamarshall85
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
Business, 22.06.2019 20:40, IkweWolf1824
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline. b. the debt ratio increases. c. the profit margin declines. d. the times-interest-earned ratio declines. e. the current and quick ratios both increase.
Answers: 3
You know the right answer?
Abc catering received $1240 cash from a customer for catering services to be provided next month. gi...
Questions in other subjects:
Mathematics, 13.02.2020 18:33
Mathematics, 13.02.2020 18:33
History, 13.02.2020 18:34
