drxppymami
14.04.2020 •
Business
Bina Consulting Co. collected $500 from a customer in advance to provide consulting fees for the next two months. The $500 would be recorded with a debit to Cash and a credit to the Unearned Revenues, which is a(n) (asset/liability/equity) account.
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Ответ:
Liability Account
Explanation:
The Unearned Revenues Account is considered a liability account or more accurately a Current Liability.
It reports amounts received by a seller or service provider for goods and services to be rendered in future.
When the said good is sold or the service provided, this account is debited and the Revenue Account Credited.
This account is an important one as it recognizes the MATCHING principle of Accounting where Revenue and Expenses incurred should be attributed to the period they were acquired or incurred in.
Ответ:
The forecasted demand for the week of October 12 using a 3-week moving average is 376,710
Explanation:
a) Data
21-Sep 383,383
28-Sep 368,368
5-Oct 378,378
Total 1,130,129
Average = 1,130,129/3 = 376,710
b) To calculate the moving average, the quantities for three weeks' demand are added and divided by 3. This shows that the average demand for type A blood at the Damascus Hospital will be 376,710, going by the figures provided. If the correct figures should have been 383, 368, and 378, the average would have equal to 376 pints.