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Mademuasel [1]
2 years ago
10

Sebastian Belle has performed $2,000 of CPA services for a client but has not billed the client as of the end of the accounting

period. What adjusting entry must Sebastian make?
Business
1 answer:
Volgvan2 years ago
3 0

Answer: The answer is: Debit Account Receivable $2,000; Credit Unearned Revenue $2,000.

Explanation: The accounting entries above were premised on the <em>accrual accounting concept</em>, which states that income and expenses are recognized as they occur regardless of when actual cash settlement takes place. The amount was credited to unearned revenue simply because the client has not been billed and there is not further information on the duration of the service. Therefore, the amount would be <u>unwound from the unearned revenue to income, based on the duration of service and percentage of completion</u>. However, <u>when the client pays, the account receivable account would be credited.</u>

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Kiwis and strawberries are substitutes for consumers. An increase in the price of a kiwi coupled with an increase in the number
valentina_108 [34]

Answer:

The correct answer is D

lowers; probably changes, but more information is needed to determine if it increases or decreases

Explanation:

The increase in suppliers for strawberries causes the supply curve to shift to the right causing the equilibrium price to lower fro Po to P1.

The increase of price for Kiwis will move the price from Po to P1. The new price is not at equilibrium, as there has not been a shift in demand or supply as shown in the diagram.

8 0
2 years ago
Marianne has opened a jewelry shop in your community and sources precious gems and metals only from Canada rather than Africa. H
S_A_V [24]

Answer:

A. reducing her exposure to the risk of reputation damaging clients.

Explanation:

CSR otherwise known as corporate social responsility is a self act by a company aimed at contributing to the development of the society or environment where the company operates. It is a volunteering and philanthropic .

Companies have now been factoring CSR into their business model because it helps them to be socially responsible and accountable. Most consumers are now beginning to check on companies who does CSR before choosing their brand.

Examples of CSR includes provision of health care facilities to the environment where the company operates, provision of scholarships to students of the host community, sponsoring events, employing people withing the community etc.

The impact of CRS and environmentally sustaining business includes but not limited to

- positively building a company's image

- increasing buyer patronage

-shortening the supply chain

-lowering cost and enhancing employee recruiting and workforce retention.

8 0
2 years ago
According to the National Association of Colleges and Employers, the average starting salary for Chemical
prisoha [69]

Answer:

A

Explanation:

When we have more students that enjoy studying history than enjoy studying math and science needed to get a degree in Chemical engineering , this will lead to a large no of history graduates in the labor market making the availability of chemical engineers graduate to be fewer and the demand for it higher.

This in effect cause a higher income for the chemical engineers as they become more of a scarce resources compared to history despite the students spending the same number of years to graduate in the college.

4 0
1 year ago
Wrongful Discharge. Stephen Fredrick, a pilot for Simmons Airlines Corp., criticized the safety of the aircraft that Simmons use
kogti [31]

Answer:

Really want to help but I cant . Maybe next time I can help Maybe not but because we dont meet again

By the way .... this Virus.

mmuah thabks for the points

7 0
1 year ago
Antarctica has been continuously glaciated for the last __________ years. geology
o-na [289]

Answer:

15 million years

Explanation:

Antarctica is the continent that is spread around the South Pole, known for being covered with ice, and being the coldest place on the planet. The glaciation of the continent started around 34 million years, started to speed up since 23 million years ago, and became dominant on this continent only around 15 million years ago. Antarctica has not always been covered in ice, and in fact, through the majority of its geologic history Antarctica has been covered with dense forests. This was possible because the continent was much further north, relatively close to the Equator, thus its climate was tropical, subtropical, and temperate. That all started to change as first Pangaea, and then Gondwanaland broke apart, and Antarctica was the piece that was moving toward the South Pole. As Africa, India, Australia, and at last South America drifted apart from Antarctica, the continent was left surrounded by ocean waters where very cold ocean currents occurred because of the continental drift. On top of it the continent got into a place where the sunlight is very weak, thus gradually it started to freeze and had become almost entirely glaciated.

3 0
2 years ago
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