Advertising is not part of the sources a customer uses when evaluating total customer cost.
Advertising is used for the purpose of informing consumers about new upcoming products, services as well as ideas on the market. In this case, it mainly depicts the introduction of goods to the marketplace, and also the search for consumers in mass numbers.
The process of advertising is any kind of paid form of communication that occurs from an identified sponsor which can draw attention to ideas, goods, and sometimes the sponsor itself. Most advertising processes are directed toward groups rather than reflecting concerned individuals.
The processed advertisement is usually delivered through online and offline media such as television, radio, newspapers, and mainly on the Internet. Ads are part of advertising which are often measured in terms of impressions as showing the number of times a particular consumer is exposed to an advertisement technique.
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Jessica+purchased+136+shares+of+stock+at+$32+using+her+70%+margin+account.+her+maintenance+margin+is+40%.+jessica+has+no+other+securities+in+her+account.+at+what+price+will+she+receive+a+margin+call?
[DISCLAIMER :- The question asked is improper question. The complete question is given below :
Below is the complete question and hence, has been answered accordingly.
"Jessica Purchased 132 Shares Of Stock At $ 32 victimization Her 17th brokerage account. Her Maintenance Margin Is four-hundredth. Jessica Has No alternative securities in her account .At what worth can she receive a call ?"]
Jessica receives a call of $16.
A call happens while the share of the equity within the account drops at a lower place the maintenance margin demand.A call happens once the proportion of associate degree investor’s equity in an exceedingly brokerage account falls below the broker’s needed quantity.The equity to your brokerage account is that the price of your securities less however tons you owe to your non depository financial institution. this residue quantity is brought up because the initial margin demand. during this scenario, the initial preservation margin demand is forty p.c of the acquisition rate of the modification. For the dealer to shop for the complete 100 shares, they have to take care of a balance of four-hundredth of the modification purchase quantity of their brokerage account. you'll without problems decide associate degree organization's financial gain margin by victimization subtracting the fee of product sold COGS from its overall revenue and dividing that figure by victimization the sales.Purchase = 136 shares of stock
Amount = $38
Margin % distinction = 70-40= 30
% difference = 70+40=110
& = 110-100=10%
[here,
30% = 0.3
We know, 70% of 136 is 95.2
Therefore, 100 percent of thirteen is 13.6,
Hence, 95-13= 82]
Applying formula =) 136*32*(0.3) / 82
=) $16
Hence, the call received by Jessica is $16.
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What type of strategic planning would most likely take place at the departmental level?
Functional strategic planning would most likely take place at the departmental level.
What is the significance of Functional strategy?Functional strategy frequently tries to increase the efficiency of a company's internal departmental operations. Employees in these divisions frequently discuss their marketing strategies, human resource strategies, or innovation strategies.
The business and corporate objectives are finally accomplished when all of a company's functional departments cooperate in the same direction. As a result, the objective of functional strategy is to connect these strategies to the company strategy as much as feasible.
The marketing department should create effective marketing campaigns that target innovators and early adopters through the appropriate channels if the business objective is to sell innovative items to customers. Operating level strategies are referred to as functional strategies. At this level, choices are referred to as tactical choices.
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A school is organizing a weekend trip to a nature preserve. for each student, there is a $60 charge, which covers food and lodging. there is also a $40 charge per student for the bus. the school must also pay a $30 cleaning fee for the bus. if the total cost of the weekend is $4,030, how many students will be going on the trip? 31 students 40 students 41 students 66 students
If a school is organizing a weekend trip to a nature preserve. for each student, there is a $60 charge, if the total cost of the weekend is $4,030, The number of students will be going on the trip is: 40 students.
Number of student on a tripGiven:
Cost of weekend trip = $4,030
Cost of cleaning the bus = $30
Cost of food and lodging per student = $60
Bus charges per student = $40
Hence:
Total cost = $60 + $40
Total cost=$100
Using this formula to find the number of students going for the trip
Number of student=Cost of weekend trip -Cost of cleaning the bus/Total cost
Number of student=$4,030-$30/$100
Number of student=$4,000/$100
Number of student=40 students
Therefore If a school is organizing a weekend trip to a nature preserve. for each student, there is a $60 charge, if the total cost of the weekend is $4,030, The number of students will be going on the trip is: 40 students.
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Answer:
B
Explanation:
I got right on exam
The return that can be earned on investment opportunities available to investors in financial markets is called the _________________ cost of capital.
The return that can be earned on investment opportunities available to investors in financial markets is called the Dividend cost of capital. Any location or system that gives buyers and sellers the ability to trade financial assets, such as bonds, shares, the various international currencies, and derivatives, is referred to as a financial market.
The connection between people with capital to investment and those who need capital is facilitated by financial markets. The stock market, bond market, foreign exchange market, commodities market, and real estate market are a few examples of financial markets and their functions. Financial markets can also be divided into listed.
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A taxpayer wishes to take a deduction for a worthless debt. without proper documentation, the taxpayer faces the risk that the irs will assert that:____.
In the given scenario the option that the debt became worthless in an earlier period, and the statute of limitations prevents the taxpayer from amending that earlier return is functionally correct.
The reason for that is when the surrounding facts and circumstances show that there's no reasonable hope that the loan will be repaid, the debt loses all of its value. You must demonstrate that you've made a reasonable effort to collect the debt in order to prove that it is worthless.
If you can demonstrate that a court judgment would be impossible to collect, you do not need to file a lawsuit. Only the year when the debt is rendered worthless is eligible for the deduction. You can decide that a debt is worthless before it is due, so there is no need to wait.
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List two requirements for a fulfilling job
Answer:A sufficient salary
Fulfilling jobs pay you a wage or salary that enables you to have financial security. Beyond being able to just pay your bills, if you work in a fulfilling job, you also have enough money to prepare for major expenses and purchases, save for retirement and occasionally reward yourself for your hard work. Even if an opportunity has several positive aspects, if you're concerned about your financial well-being, the added stress inevitably detracts from your ability to do your best.
However, fulfilling jobs don't have to have high salaries or offer bonuses. Despite a conventional emphasis on maximizing income, people who prioritize meaningful work over jobs that simply pay the most often find greater satisfaction.
2. Interesting assignments
Professionals who find their work genuinely interesting experience greater fulfillment because it dependably satisfies their curiosity. Individuals might have vastly different interests, but they can all experience the same satisfaction that comes from expanding their understanding of subjects that matter to them. For instance, engineers may get consistent enjoyment from solving complex physics problems, while a server in a restaurant may love meeting new people and learning about their backgrounds. When considering opportunities, let your long-held interests serve as a guide for the type of assignments and projects that you'd find gratifying.
Explanation:
To open a margin account for a partnership, all of the following documentation is required except? a new account form b customer's agreement c partnership agreement d joint account agreement
The correct answer is d. To open a margin account for a partnership, joint account agreement is not required. All other documents which include new account form, customer's agreement, and partnership agreement are required.
A document outlining the terms of a joint account that is held by the account holders. The joint account agreement specifies whether each account holder will be permitted to withdraw money from and deposit money into an account, or if all account holders should agree before either action can be taken. Both brokerage accounts and bank accounts which are held in the names of two or more people require joint account agreements.
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indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)
Increases Cash by $50,000. Increases Common Stock by $50,000.
Increase the Supplies by $4,000. Increases A/P by $4,000.
Decreases the Cash by $2,300. Decreases A/P by $2,300.
Increases Cash by $13,800. Increase in Commissions Earned $13,800.
Increases Rent Expense - Office and Rent Expense - Equipment by $5,000. Decreases Cash by $5,000.
Increase the Automobile Expense by $1,150. Increase the Miscellaneous Expense by $300. Decrease the Cash by $1,450.
Increases Expense of salary by $2,500. Decrease Cash by $2,500.
Increases Supply Expense by $1,300. Decreases Supplies by $1,300.
Increases A/R by $12,500. Increases Commissions Earned by $12,500
Increase the Dividends paid $3,900. Decrease the Cash by $3,900
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many large firms are moving to in-house vertically integrated structures where they have more control over each business unit.
Many large firms are moving to in-house vertically integrated structures where they have more control over each business unit, is the false statement.
What is a business unit?A business unit is a discrete division within an organization that typically creates and implements its own procedures apart from the main business or brand while still adhering to the overall corporate guidelines.
Big companies frequently employ the business unit structure to more effectively manage and track divisional KPIs like sales or costs. An organized organizational structure for business units makes it possible for each unit to control its own revenues and costs, which can help organizations keep tabs on.
Thus, it is a false statement.
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you’ve received your directive from the vice president of procurement: provide a recommendation for a local provider of island knight cologne. a reasonably quick recommendation would be to your credit. you have not had much experience working with this particular product line. however, a potential local supplier for this cologne does immediately come to mind. you recall that your roommate from college manages a scented soap factory in northern ohio that has been running under capacity. what is the best first step for your decision-making process?
Send a note to the Vice President of Procurement asking that additional detailed information be provided regarding any problems that may exist with the existing supplier as well as what the organization is looking for in a vendor.
This is further explained below.
What is the decision-making process?Generally, It is generally accepted that the mental process that culminates in the choosing of a belief or a plan of action from among a number of potential alternative possibilities is known as decision-making. Things are possible for it to make reasonable or irrational sense.
In conclusion, Send a message to the Vice President of Procurement, requesting that extra comprehensive information be supplied outlining any difficulties that may exist with the present supplier, as well as what the business is seeking in a vendor.
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evaluate sources of funding that are used to construct the safeguarding budget in own area of responsibility
The principal source of funding, use to construct our budget is the money we get from partners and the authorities to run many safeguarding budgets for our youth programmes. presently as part of my new function, we're placing a price range together alongside the Council to run the network coach function for younger humans no longer in education, employment, and training.
The cash we have been allocated for running safeguarding budget duty lies in the groups and the manager's responsibility. It is our reasonability to budget this cash that we can be receiving. another source of funding comes from charitable donations, as an organisation Brathay believe is a registered charity and wherein there are shortfalls or need for profits to support individuals, we are running with the organisation and are able to step in.
The outside source of funding, our bodies to set a finances plan for a way much is given for wages as well as what's spent on the transport of that programme. Three analyse the impact of an insufficient budget on carrier transport. the insufficient price range may have a disastrous impact on provider delivery first it can lead to the overall delivery being negative and have an effect on the safety of the programme.
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A company has net working capital of $1,591. if all its current assets were liquidated, the company would receive $5,533. what are the company's current liabilities?
The company's current liabilities is $3,942
What is current liabilities?
The company's current liabilities are those obligations owed by the company which are due for payment within a year, it can be determined on the basis that the net working capital is current assets minus current liabilities
net working capital=current assets-current liabilities
net working capital=$1,591
current assets=$5,533
current liabilities=unknown(assume it is CL)
$1,591=$5,533-CL
CL=$5,533-$1,591
CL=current liabilities=$3,942
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bianca is an underwriter for a commercial insurance firm that recently began using an entirely new information management system. even after several trainings, many of bianca’s coworkers remain confused by some functions of the new system. rather than call the helpline, the coworkers ask bianca for help. bianca believes it is ethical to pause her work to help the others learn the new system, so that they might choose her to be the team leader of the next big project. this type of thinking reflects the approach to deciding ethical dilemmas.
Answer:individual approach
Explanation:
The ending inventory of finished goods has a total cost of $10,000 and consists of 500 units. If the overhead applied to these goods is $2,000, and the overhead rate is 50% of direct labor, how much direct materials cost was incurred in producing these units?.
The direct materials cost incurred in producing these units was $4,000.
Calculating,
Direct Material cost + Direct Labor + Overhead =Total Cost
Direct Material cost + ($2,000/.50)+$2,000=$10,000
Direct Material cost = $4,000
The price of direct materials is directly related to the unit of production and is easily identifiable. For instance, the price of glass is a direct material expense in the production of light bulbs. The primary component needed for the production of goods or products was material. A prime example of a variable cost is the price of direct materials. Remember that a fixed cost is one that stays the same overall and decreases as a result per unit as the activity level rises. One of the costs entailed in producing a good is direct material costs. Direct materials contrast with indirect materials in other ways. Materials used in the production of a product that cannot be directly traced back to it are known as indirect materials.
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A company uses the allowance method to account for bad debts. What is the effect on each of the following accounts of the collection of an account previously written off?.
Answer:
d. No effect No effect
Explanation:
When allowance method is followed then bad debts allowance is created for non-collectible debts balance.
This balance clearly depicts the debtors which are not collectible and then set off against accounts receivables balance.
When an already written off bad debt is recovered, such recovery increases income only, and does not effect any allowance account or accounts receivable account.
As for this already expense had been allowed.
And amount recovered is no more standing due in accounts receivables balance.
Thus, correct option is
d. No effect No effect
philip wants to donate $208 to united way, but he wants to give it over the coming year. if he signs up to have a regular amount withheld from his paycheck each week and given to united way, how much will be taken from his pay for that purpose every week?
Philip wants to donate $208 to the united way, but he wants to give it over the coming year. if he signs up to have a regular amount withheld from his paycheck each week and given to united way, $5 will be taken from his pay for that purpose every week.
To sum up, a total is the definition of an amount. A restaurant bill for four individuals that totals $50 is an example of the costs of four meals that come to $50.
The size or quantity of non-count nouns is indicated by the word "amount." You can count the volume of air in a bottle or the volume of water in a beaker, for instance. In a similar manner, you can determine how much cat hair is visible on a blanket or how much salt a patient has just consumed.
Traditionally, an employer would issue a paper document known as a paycheck—to pay an employee for services rendered.
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consider a coupon bond that has a par value of $1 comma 000 and a coupon rate of 12 %. the bond is currently selling for $1 comma 080.80 and has 2
It is given in the question the coupon par value, coupon rate and it's current selling value with it's maturity period and we need calculate Yield to maturity of the coupon, to determine how much amount we are going to get from the coupon, when it reaches the maturity period.
Par value of bond 800
coupon rate 12%
SP of bond 904.13
Years to maturity 22
Yield to maturity = [800*0.12+(800-904.13)22] / (800+904.13) / 2
= (96 - 4.73318) / 852.0625 = 0.107113 = 10.71%
The yield to maturity is one of the criteria that bond and fixed income investors most regularly use to assess possible investments.
The YTM, which is based on three important assumptions, is the anticipated yearly rate of return that a bond will receive until maturity.
The return is based on the supposition that the bond buyer kept the debt security until its maturity date.
Principal repayment and all mandatory interest payments were completed on time.
The yield-to-maturity and the coupon payments were both invested at the same rate
In other words, a bond's yield to maturity (YTM) is its internal rate of return (IRR), or the discount rate that brings the bond's present value (PV) of all its future cash flows to par with its current market price.
Therefore, the Yield to Maturity is 10.71%
Your question is incomplete. Kindly refer the missing part below:
Consider a coupon bond that has a par value of $800 and a coupon rate of 12%. The bond is currently selling for $904.13 and has 22 years to maturity. What is the bond's yield to maturity(YTM)?
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what is the main role of functional departments in organizations where projects are the dominant form of business, such as construction and software?
The main role of functional departments in organizations where projects are the dominant form of business, such as construction and software is that Provide support/assistance as needed.
What is a Functional organisational structure?
The organisation is divided into departments according to their functions using a functional structure. Employees are organised into roles and each is led by a functional manager. Functional managers make sure that workers are efficiently utilising their skills by having prior expertise in the roles they supervise. A functional structure that makes the most of departmental expertise aids businesses in achieving their goals.Employees are arranged in an organisational chart according to their functions in a functional organisational structure. Role hierarchy is depicted in this diagram (e.g., president, vice president, finance, sales, customer service, administration, etc.).Each department has a head who is accountable for it, aiding the company in maintaining performance consistency and quality.To know more about Functional organisational structure visit:
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coxsea just paid a dividend of $.35 per share. dividends are expected to grow at 5% indefinitely. how much are you willing to pay for one share of coxsee's stock if the discount rate is 10%
The formula for calculating DPS is DPS = (total dividends paid during a period Minus any special dividends) (shares outstanding). The sustainable growth rate is calculated by multiplying the company's return on equity by 1, then subtracting the dividend payment ratio. Multiplying the retention rate by the return on equity is another technique to figure it out.
By dividing the current dividend (Di) by the previous dividend (Di-1) and taking one out of the result, the periodic dividend increase can be calculated and expressed as a percentage.
The annual percentage of a company's share price that is paid out in dividends is shown by the financial ratio known as the dividend yield. For instance, a corporation with a share price of $20 and a $1 annual dividend would have a 5% dividend yield.
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Erving goffman's pioneering exploration of how advertisements portray women as dependent upon men is an example of?
Erving Goffman's pioneering exploration of how advertisements portray women as dependent upon men is an example of content analysis. Erving Goffman was a Canadian-born sociologist, social psychologist, and .The Times Higher Education Guide ranked him sixth among authors of works in the humanities and social sciences, trailing only Michel Foucault.
Pierre Bourdieu, and Anthony Giddens, but ahead of Jürgen Habermas. Goffman was the American Sociological Association's 73rd president. His analysis of symbolic interaction is his most well-known contribution to social theory. Beginning with his 1956 book The Presentation of Self in Everyday Life, this took the shape of dramaturgical analysis.
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The times interest earned ratio is calculated by dividing net income by interest expense.
true/ false
The time's interest earned ratio is calculated by dividing net income by interest expense is False.
Earnings earlier than interest and taxes are divided by using total hobby payable on debt. The time's hobby earned ratio is identical to internet income plus interest cost and income tax fee the numerator divided by using interest price denominator. The interest charge sincerely earned by using bondholders is referred to as the. coupon charge. rings earlier than hobby and taxes cost divided with the aid of interest expense.
A variation on the instances hobby earned ratio is to additionally deduct depreciation and amortization from the EBIT discern within the numerator. it could be calculated both by way of dividing the organization's market capitalization via its total sales over a delegated duration usually three hundred and sixty-five days or on an in-step with percentage basis by means of dividing the inventory charge by means of income in keeping with share. The PS ratio is likewise called sales more than one or sales multiple. measures how in many instances a company should cowl its interest prices all through a given length.
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An all-in-one account that provides a complete financial services program for a single fee is known as?
Asset Management Account. An all-in-one account that includes savings, checking, borrowing, investing, and other financial services for a single fee is also called a cash management account.
The primary classes of financial services consist of vital banks, retail and industrial banks, net banks, credit unions, savings, and loans associations, investment banks, funding organizations, brokerage corporations, coverage corporations, and mortgage companies.
The term monetary group approach any organization engaged within the business of imparting economic offerings to customers who hold a credit score, deposit, accept as true with, or different financial account or dating with the institution.
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when the price of a firm’s product falls, the profit on each unit also falls. accordingly, profit‐maximizing managers increase their production in order to increase their total profit.
When the cost of a company's product decreases, so does the profit earned on each unit. Therefore, profit-maximizing managers boost their output in an effort to boost their overall business profit.
A business is an organization or entrepreneurial body that engages in commercial, industrial, or professional activities. Businesses can be nonprofit organizations or for-profit enterprises. Among the many businesses, structures are partnerships, corporations, limited liability companies, and sole proprietorships.
single-person business. The most prevalent form of business organization is a sole proprietorship. Corporation, Limited Liability Company, Partnership, etc.
A business purpose explains the motivation for the founding of a company.
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Identify each type of retirement account according to whether the individual contributor pays income taxes on the contribution (posttax) or not (pretax) at the time of the contribution.
Pick out each sort of retirement account: it's miles a qualified retirement plan sponsored by means of an agency.
A few eligible employees can make contributions that are salary deferral. Contributions may be made put up-tax or pre-tax. There are a few regulations on the withdrawal restriction as personnel can not withdraw the assets to a positive extent, if employees do so, they will be penalized.
A man or woman's retirement account in America is a shape of pension furnished by many financial establishments that gives tax blessings for retirement savings. it's miles a belief that holds funding belongings bought with a taxpayer's earned earnings for the taxpayer's eventual advantage in the antique age.
An IRA, or personal retirement account, is an account on your retirement that enables you to postpone paying taxes till the money is withdrawn. it is similar to a 401(okay), however, in preference to the account being managed through your business enterprise, that is an account you pick and manage yourself.
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a company holds $40,000 of 7% bonds as a held-to-maturity security. the journal entry to record receipt of a semiannual interest payment includes a debit to cash for $2,800 and a credit to interest revenue for $2,800.
The semi-annual interest payment would be received $1,400
Semiannual interest:
Divide the annual interest rate by 2 to calculate the semiannual rate. For example, if the annual interest rate equals 9.2 percent, you would divide 9.2 by 2 to find the semiannual rate to be 4.6 percent.
The interest rate is 7%, and the maturity amount is $40,000.
Consequently, the semi-annual interest payment would be received by
= Maturity amount × interest rate
= $40,000 × 7% ÷ 2
= $1,400
We split the interest rate by two because the interest payment is semi-annual, and we double it if a time period is specified.
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the following factors can help decide whether or not to engage in market research activities, except .
The factors that can not help decide whether or not to engage in market research activities, is The product's current position in the product life cycle.
What is market research activities?Market research can as well be described as the marketing research which are those actions or activities that is needed to carried out so as to be able to gather information that is needed about the market needs and preferences.
It should be noted that this helps companies understand how their target market works as well as how the audience feels and behaves, however factors that can help decide whether or not to engage in market research activities, are:
The time needed to gather research.The cost versus the benefit of having the findingsThe risk level of the business decisionLearn more about market research activities at:
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CHECK THE COMPLETE QUESTION:
the following factors can help decide whether or not to engage in market research activities, except .
The time needed to gather research
The product’s current position in the product life cycle
The cost versus the benefit of having the findings
The risk level of the business decision
a new supermarket, the deluxe mart, collates its sales data using scanners at the point of purchase. it uses this data to identify the products to stock and the type of content and media to use to attract customers. in this scenario, the deluxe mart is most likely using
In this instance, the deluxe mart is most likely using "related research".
What is Business research ?
The act of acquiring thorough data on all facets of business and applying that data to boost sales and profitability is known as organisational research. Such a study helps companies determine which products and services are the most profitable or in demand. In order to uncover possibilities and achieve corporate objectives, it can be summed up as the gathering of knowledge or information for professional or commercial purposes. Any topic might be the subject of study in the corporate world. When people talk about "business research," they usually imply "research questions" that are posed to figure out where money could be invested to increase sales, profitability, or market share. This kind of research is necessary to make wise decisions.
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finch construction company expects to build three new homes during a specific accounting period. the estimated direct materials and labor costs are as follows. expected costs home 1 home 2 home 3 direct labor $ 60,000 $ 93,000 $ 171,000 direct materials 102,000 131,000 189,000 assume finch needs to allocate two major overhead costs ($48,600 of employee fringe benefits and $29,540 of indirect materials costs) among the three jobs.
The total cost for each house are: $178,140, $247,120, $398,880.
Total cost1. The allocation bases rates will be:
Employee fringe benefits Indirect materials
Estimated overhead cost $48,600 $29,540
Total overhead driver $324,000 $422,000
($60,000+$93,000+$171,000) ($102,000+$131,000+$189,000)
Overhead allocation rate 15% 7%
2. The total cost of each house is:
Home 1 Home 2 Home 3 Total
Direct labor $60,000 $ 93,000 $171,000 $324,000
Direct materials $102,000 $131,000 $189,000 $422,000
Fringe benefit cost allocated $9,000 $13,950 $25,650 $48,600
($60,000 x 0.15)($93,000 x 0.15) ($171,000 x 0.15)
Indirect materials cost allocated $7,140 $9,170 $13,230 $29,540
($102,000 x 0.07) ($131,000 x 0.07) ($189,000 x 0.07)
Total cost $178,140 $247,120 $398,880 $824,140
Therefore the total cost for each house are: $178,140, $247,120, $398,880.
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The complete question is:
finch construction company expects to build three new homes during a specific accounting period. the estimated direct materials and labor costs are as follows. expected costs home 1 home 2 home 3 direct labor $ 60,000 $ 93,000 $ 171,000 direct materials 102,000 131,000 189,000 assume finch needs to allocate two major overhead costs ($48,600 of employee fringe benefits and $29,540 of indirect materials costs) among the three jobs.
Required:
Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 3 decimal places.)
True or false: the market price of a good reflects its highest-valued alternative use.
The market price of a good reflects its highest-valued alternative use- True.
One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens. In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.
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chicago consulting, an engineering consulting firm, provided $6,000 of services to a client; the client paid $2,000 when the bill was submitted and will pay the balance within a week. chicago consulting will record this transaction by: multiple choice
The correct answer is
:Cash 2000
Fees receivable 4000
Fees revenue 6000
A transaction is what?An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction. The phrase is also frequently used in business accounting.
Knowing how to use transactionsA sale between a buyer and a seller is often an easy process. Person B receives payment from Person A in return for a good or service. The deal is finalized when they both agree to the terms and payment is made in exchange for the good or service.
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