bugless incorporated, a calendar year, accrual basis corporation, provides pest extermination services to its customers. in october 2022, bugless contracted with mr. cass to provide monthly service calls for 24 months. each service call costs $60, and mr. cass prepaid $1,440 when he signed the contract. bugless made three service calls to mr. cass' home in 2022. as a result of the contract, bugless should report:

Answers

Answer 1

Bugless Incorporated, being an accrual basis corporation, recognizes revenue when it is earned and expenses when they are incurred. Therefore, in October 2022, when Bugless entered into a contract with Mr. Cass for monthly pest extermination services for 24 months, it recognized the prepaid revenue of $1,440.

For the three service calls made in 2022, Bugless should recognize revenue of $180 ($60 x 3). However, since these service calls were made after the contract was signed, the revenue will be deferred and recognized over the remaining 21 months of the contract. Bugless should recognize deferred revenue of $1,260 ($60 x 21) in its financial statements for the year ended December 31, 2022.In addition to the revenue recognition, Bugless should also recognize the related expenses incurred during the three service calls made in 2022. These expenses would include the cost of materials used, labor, and any other direct costs associated with providing the service.In conclusion, Bugless Incorporated should report the prepaid revenue of $1,440 as deferred revenue in its financial statements for the year ended December 31, 2022. Additionally, it should recognize the revenue of $180 and the related expenses incurred during the three service calls made in 2022. These revenues will be recognized over the remaining 21 months of the contract period.This amount will be recognized as revenue over the 24 months of the contract period.

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Related Questions

The risk that a central bank will not make the necessary transfer of foreign currency to complete a currency settlement is known as ________ risk. Group of answer choices settlement exchange rate Interest-rate Herstatt

Answers

Answer:

Herstatt.

Explanation:

The risk that a central bank will not make the necessary transfer of foreign currency to complete a currency settlement is known as herstatt risk.

Herstatt risk is also known as cross-settlement risk or settlement risk. It was named after Bankaus Herstatt (a German bank) that failed in June 1974 when it was supposed to settle a contract for a payment received from the other party and consequently, amounting to a loss of about $602,000,000.

Hence, is mainly a loss in foreign exchange transactions where a party defaults after receiving money from another.

What is one way that technology can improve the production of goods? Websites can allow consumers to purchase goods online. Container ships can transport a number of goods at once. Automation can create goods more cheaply and easily. Airlines can send goods from one place to another. WILL MARK BRAINLIEST

Answers

One way that technology can improve the production of goods is : ( C ) Automation can create goods more cheaply and easily

What is Automation

Automation is the creation and application of technologies to the process of production and distribution of goods and services with minimal or no human intervention. Automation makes the creation of goods easier and with less cost.

Hence we can conclude that One way that technology can improve the production of goods is Automation can create goods more cheaply and easily.

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What bidding strategy should Tracy, a pizzeria owner, use to get more people to call her business? Cost-per-thousand viewable impressions (vCPM)Cost-per-acquisition (CPA)Cost-per-view (CPV)Cost-per-click (CPC)

Answers

Tracy, the pizzeria owner, should consider using the Cost-per-click (CPC) bidding strategy to get more people to call her business.

The Cost-per-click (CPC) bidding strategy is a common approach in online advertising where advertisers pay for each click on their ads. This strategy can be effective for Tracy to generate more phone calls to her pizzeria as it directly charges for actual clicks on her ads, indicating genuine user interest.

By selecting CPC, Tracy can ensure that she only pays for the clicks that lead to potential customers contacting her business. This strategy allows Tracy to optimize her advertising budget and focus on attracting people who are actively interested in her pizzeria and likely to call for orders.

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the data below represent the demand for a new aftershave in a shop for each of the last 7 months.
Month 1 2 3 4 5 6 7
Demand 25 27 30 40 41 43 45
a.Calculate a two-month moving average for months two to seven. What would be your forecast for the demand in month eight?
b.Apply exponential smoothing with a smoothing constant of 0.1 to derive a forecast for the demand in month eight.
c.Which of the two forecasts for month eight do you prefer and why?

Answers

To calculate the two-month moving average, we add the demand values for months two to seven and divide the sum by 6 (number of months). The calculation is as follows:

(27 + 30 + 40 + 41 + 43 + 45) / 6 = 226 / 6 = 37.67

Therefore, the forecast for the demand in month eight using the two-month moving average is approximately 37.67.

To apply exponential smoothing with a smoothing constant of 0.1, we start with the demand value of month seven as the initial forecast. The calculation is as follows:

Forecast for month eight = Smoothing constant * (Demand for month seven) + (1 - Smoothing constant) * (Previous forecast)

Forecast for month eight = 0.1 * 45 + 0.9 * 45 = 4.5 + 40.5 = 45

Therefore, the forecast for the demand in month eight using exponential smoothing is 45.

In this case, both forecasts for month eight are identical. Both the two-month moving average and exponential smoothing methods yield a forecast of 45. Therefore, there is no preference between the two forecasts as they provide the same result.

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organizations use to achieve a good fit between organizational goals and an employee’s abilities.

Answers

Answer: The Matching Model

Explanation:

Which of these statements related to inflation and currency exchange is true?


Currency exchange rates determine the rate of inflation.

Currency exchange rates change in proportion to the inflation rate.

Inflation and currency exchange rates have no relationship to each other.

Inflation can affect currency exchange rates and lead to changes in trade demand.

(It's D got it right on test)

Answers

This is absolutely True

The correct option is D. Inflation can affect currency exchange rates and lead to changes in trade demand these statements related to inflation and currency exchange is true.

What causes inflation?

The rate at which the cost of goods and services is increasing in an economy is known as inflation. When costs of manufacturing, such as labor and raw materials, rise, inflation may result. As people are prepared to pay more for the product, inflation can result from an increase in demand for goods and services.

Since inflation can be thought of as a decline in a currency's purchasing power, it is common knowledge that inflation tends to devalue currencies. As a result, nations with high inflation typically see a weakening of their national currencies in relation to other currencies.

The right answer is D. These claims about inflation and currency exchange are accurate; they can influence exchange rates and impact trade demand.

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explain the nature and scope of channel management

Answers

The nature and scope of channel management involve the selection, management, and evaluation of the channels used to distribute a company's products or services to consumers.

**Channel management**, also known as distribution management, is an essential component of a company's marketing strategy. It involves developing and maintaining relationships with intermediaries, such as wholesalers, retailers, and distributors, who help get products to consumers. The nature of channel management is complex and multifaceted, requiring a deep understanding of consumer behavior, market trends, and supply chain logistics. The scope of channel management includes selecting the appropriate channels to reach target customers, negotiating with intermediaries to establish mutually beneficial agreements, and monitoring performance to ensure that the channels are effective and profitable. Effective channel management can help a company to increase sales, reduce costs, and enhance customer satisfaction.

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The greeting of a cover letter is also referred to as the___.

Answers

Answer: salutation

Explanation:ed2021

Jesse got a job at a fitness center. He thought his first paycheck would be $200 for working 20 hours at $10 an hour. Instead, the paycheck was for $180. Which was most likely taken from his check?

A.) taxes

B.) interest

C.) profit

D.) dividends

Answers

Answer:

Taxes

Explanation:

The answer to the question is taxes.

Answer:

Hey there! It sounds like Jesse got a job at a fitness center and was expecting his first paycheck to be for $200, but it ended up being for $180 instead. That's a bummer!

Paychecks often have various deductions taken out, like taxes, insurance premiums, and retirement contributions. It's possible that some or all of these deductions were taken out of Jesse's paycheck, which is why it was for less than he expected.

Taxes are a common deduction from paychecks, so it's likely that some taxes were taken out. But don't worry, this is just part of the process of getting paid and is completely normal.

It's probably not interest, profit, or dividends, since those things are usually associated with investments or financial products, not employment.

Writing Reader Friendly Sentence

1. Please be so kind as to send us the infomation about your charges for rental of the large conference room at your hotel on or about March 30 of this year so that we are able to call you and book the room for an event that will be held sometime in June.

Rewrite:

Answers

Answer:

see below

Explanation:

Please send us an invoice for renting the large conference room at your hotel. We used it on or about March 30 of this year. We intend to hold another event there sometime in June. Please give us a quotation so that we can call you and book the room.

give three reasons why the number of firms cross-listing their shares has exploded in recent years.

Answers

Three reasons are: 1.Increased globalization, 2.Lower trading costs, 3.Regulatory harmonization

Increased globalization

The world is becoming increasingly globalized, and businesses are looking for ways to expand their reach into new markets. Cross-listing shares is one way to do this, as it allows companies to raise capital and gain access to new investors in other countries.

Lower trading costs

The cost of trading shares has fallen in recent years, making it easier and more affordable for companies to cross-list their shares on multiple exchanges. This is due to a number of factors, including the rise of electronic trading and the increasing competition among exchanges.

Regulatory harmonization

Governments around the world are working to harmonize their securities regulations. This makes it easier for companies to cross-list their shares, as they no longer have to comply with different sets of regulations in each country.

The combination of these factors has led to a surge in the number of firms cross-listing their shares in recent years. This trend is likely to continue as the world becomes increasingly globalized and interconnected.

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The four responsibilities of the Federal
Reserve include 1) clearing checks 2)
setting banking rules 3) loaning money to
banks and 4)

setting interest rates.
setting employment rates.
setting inflation rates.

The four responsibilities of the FederalReserve include 1) clearing checks 2)setting banking rules 3)

Answers

I believe the answer is setting interest rates. Please give brainliest. I only need one more!!!!!!

what statement best illustrates an example of economic specialist

Answers

The statement that best illustrates an example of economic specialization is "A business focuses on producing screens for phones instead of manufacturing the entire phone.
The statement that best illustrates an example of economic specialization is "A business focuses on producing screens for phones instead of manufacturing the entire phone."

A special type of goal that acts as a stepping stone for other goals is called

an inner-term goal
a mid-term goal
a part-term goal
a short-term goal

Answers

A special type of goal that acts as a stepping stone for other goals is called short-term goal

A unique kind of shorter-term goal is an enabling goal. It is composed in order to advance a longer-term objective. Enabling goals serve as stepping stones that allow us to track our development toward longer-term objectives.

Even while short-term objectives aren't always easy to achieve, they're nevertheless crucial steps in the right direction. It is preferable to further divide them into weekly or monthly stepping stone goals when organizing these. This will lay the groundwork for achieving your goals.

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Answer: short-term goal

Explanation: I hope this helps you

The basic function of marketing research is:___________
a. to conduct surveys and analyze results.
b. to gather information needed to help managers make better decisions.
c. to monitor market trends and developments.
d. All of these are correct.
e. to gather intelligence on competitors.

Answers

B. To gather information needed to help managers make better decisions.

The basic function of marketing research is to gather information needed to help managers make better decisions.

Hence, option b is correct.

What is Marketing research?

Marketing research is a process of gathering information about the target market and customers interest in the product or service.

What is Gather information?

Gather Information means collecting information about something.

What do yo mean by better decisions?

Better Decisions generally relates to the good decision that give the best outcome.

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When consumers in the United States buy products made by China, they are buying imported goods.
True or False

Answers

This is actually true

Read the conclusion from a personal narrative. Even though we were lost in the desert for several hours, we made it home safely, because we had packed extra food and water. Our families were very relieved to see us alive and well. Which sentence, if added, would make the best revision of the conclusion? “Where is the main trail?” I asked while searching the map. After surviving those miserable hours in the desert, I learned the value of being prepared. My friends invited me to go for a hike, and although it was a hot summer day, I agreed to go, because I had nothing else to do. “Be sure to drink some water,” Tara reminded us.

Answers

The right response is I discovered the importance of preparation after enduring those dreadful hours in the desert.

In general, the conclusion should include any last thoughts and a summary of the text's information. In the case of personal tales, it is typical for the author to include a final perspective on the experience described, particularly the influence that it may have had, whether positive or bad. The only option that refers back to the experience described and states a positive aspect or lesson this experience led to is the sentence that should be added to make this conclusion better in this situation: "After surviving those miserable hours in the desert, I learned the value of being prepared."

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Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.

Answers

Answer:

economic rent of $65,000

Explanation:

Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum

Economic rent = $150,000 - $85,000 = $65,000

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Without the regulation, economic profit would be driven to zero.

(13 points) APY is a(n) ____.

A. noncompounding interest rate

B. daily interest rate

C. interest rate advertised by lenders

D. interest rate advertised by borrowers

Answers

Answer:

C. interest rate advertised by lenders

Explanation:

APY stands for  Annual percentage yield. It is the rate at which deposits earn interest in a checking or savings account. In other words, APY represents the amount of interest a deposit earns for one year when in a bank account.

The APY is a standardized presentation of interest to be earned. It incorporates all considerations, such as the compounding effect. APR makes it possible to compare expected returns from various financial instruments or institutions.

How does the outlook for this job influence decision to pursue it? Does the education required for this match your plans for high school?

Answers

The outlook for this job influence decision to pursue it Looking at process outlook whilst choosing a brand-new function to pursue is an crucial thing to making sure process security. The better the process outlook for that function, the much more likely you're to each locate and maintain a process in that field.

The education required for this match your plans for high school Having a plan in place in which college students can maintain music of those non-public learnings can assist similarly their very own development.  For instance, they could file what mastering fashion pleasant fits them. For excessive college college students, this piece of records may be very beneficial in relation to deciding on a college.

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On november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. How much should be expensed for the month of november?.

Answers

If on november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. The amount that should be expensed for the month of november is: $1,000

Expensed amount for the month of November

2 years = 24 months

Now let find or determine the amount that should be expensed for the month of November using this formula

Expensed amount= ( 1/24 months ×Rent amount paid)

Where:

Rent amount paid = $24,000

Let plug in the formula

Expensed amount = 1/24× $24, 000

Expensed amount=$1,000

Based on the above calculation  we can conclude that the expense amount for the month of November is $1,000.

Therefore If on november 1, lawn & order, inc. Paid $24,000 for two years of rent in advance for rent beginning on november 1. The amount that should be expensed for the month of november is: $1,000 ,

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where does a bill go if it is introduced and passed in the house of representatives?

Answers

The bill goes to the Senate if it receives a simple majority (218 votes out of 435). The bill is referred to another committee in the Senate and, if it is released, is the subject of debate and voting. Again, the bill is approved by a simple majority (51 of 100).

What happens to a bill when it is introduced?

A bill is given to a committee when it is introduced, and the committee's members will study, debate, and alter the measure. The chamber is then presented with the bill for a vote. A bill moves to the Senate for consideration after passing the House. This involves review by a Senate committee or subcommittee, which is comparable to a bill's journey in the House. Before a measure may be submitted to the President for signing into law, it must pass both bodies in the identical form. A bill becomes a law if it has been adopted by the President and both the U.S. House of Representatives and the U.S. Senate, or if a presidential veto has been overridden.

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how to make a business title​

Answers

Answer:

In this article, we'll give you eighteen tips for coming up with a great business name.

Use acronyms.

Create mash-ups.

Get inspiration from mythology and literature.

Use foreign words.

Use your own name.

Take a look at a map.

Mix things up.

Partner with another company.

Answer:

try to make it catchy, but relevant to your subject. its easy to remember, not hard to spell, and remember it doesn't have to really really cool, as long as it makes sense, and is easy to remember

Explanation:

You are paid $11.75/hr. You work 40 hr/wk. Your deductions are FICA (7.65%), Federal tax withholding (10.75%), and state tax withholding (7.5%). What am I making?

Answers

Answer:i have no answer but you are making more income

Explanation:

cause

Answer:

These are the answers

Explanation:

Why is it important to know that a market economy is characterized by interdependence?

Answers

Answer:

Interdependence is important because people specialize and trade their production in markets for other products they need. The circular flow of income shows the interdependence of the economy.

Explanation:

Trust me this is right.

winwin corporation has five board members, and each shareholder gets one vote per share. the company uses a straight board voting procedure. how does this arrangement affect minority shareholders? multiple choice question.

Answers

Minority shareholders would not be able to cast enough votes to win any board positions.

Each shareholder typically has one vote, multiplied by the number of directors to be chosen, for each share they own. This procedure is often referred to as proportional voting. Individual investors benefit from cumulative voting since they can cast all of their ballots for a single candidate. A stumbling board has two main effects: - Since there are fewer directors up for election at once, it is harder for a minority to elect a director. It reduces the likelihood that a takeover effort will be successful since it is harder to elect a majority of new directors.

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SAMU BED & BREAKFAST (SBB)

Samu is a successful young entrepreneur who

owns many bread & breakfast businesses in

different areas. Samu gives people equal job opportunities without discriminating them

based on age, race and gender. She also values the differences between people and

encourages diversity in the workplace. Some of the SBB employees have disclosed that

they are HIV positive.

1.4.1

Quote from the scenario above TWO ways in which Samu achieves inclusivity in

the workplace.

(2

1.4.2

Outline any THREE purposes of inclusivity in the workplace.

(3

1.4.3 Advise Samu on the negative impact of HIV/Aids in the workplace.

(5

Answers

Explanation:

1. Samu achieves inclusivity by giving people equal opportunity without discrimination at the workplace, she also also encourages diversity in the work place as this helps foster unity amongst the employees.

2. Inclusion produces happier employees, who are more committed to their work because they know they are been appreciated.

Productivity increases.

Improved problem solving.

3. HIV and AIDS has a huge impact on the world of work place as it reduces the supply of labour and available skills, it also increase labour costs, reduces productivity, it’s a threat to the livelihoods of workers and employers, and it also creates an environments which destroys the rights of workers.

Match each law with its correct description.

Match each law with its correct description.

Answers

Answer:

Not too sure but I think it goes 1.Fair credit billing act 2.Credit CARD act 3.Uniform commercial code 4.Truth in lending act.

Match the law terms and definition:

Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.

Through the meaningful disclosure of loan conditions, which enables customers to evaluate standardized credit terms more easily and intelligently, the Truth in Lending Act (TILA) aims to safeguard consumer protection and promote competition among financial institutions.

Match the law terms and definition:

Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.Fair Credit Billing Act: allows consumers to exercise their rights regarding disputes and billing errors.Uniform Commercial Code: a set of laws that govern US commercial transactions.Credit CARD Act: prohibits unfair and abusive credit practices and ensures the transparency of fees.

As a result, the significance of the law terms and definition are the aforementioned.

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does either nation have an absolute advantage in producing the products? which nation has a comparative advantage in apples? which nation has a comparative advantage in oranges?

Answers

Nation A should specialize in the production of apples, and Nation B should specialize in the production of oranges.

In order to determine whether either nation has an absolute advantage in producing the products, we would need more information about the production capabilities of each nation. However, we can determine which nation has a comparative advantage in producing each product based on the opportunity cost of production.

Assuming that Nation A and Nation B only produce two products, apples and oranges, and that they have the following production possibilities:

Nation Apples      Oranges

A              40         20

B              30         10

We can see that Nation A can produce more apples and more oranges than Nation B, so neither nation has an absolute advantage in producing either product.

To determine comparative advantage, we can calculate the opportunity cost of producing each product. The opportunity cost of producing apples is the number of oranges that must be given up to produce one apple. The opportunity cost of producing oranges is the number of apples that must be given up to produce one orange.

For Nation A, the opportunity cost of producing one apple is 0.5 oranges (20 oranges / 40 apples), and the opportunity cost of producing one orange is 2 apples (40 apples / 20 oranges). Therefore, Nation A has a comparative advantage in producing apples.

For Nation B, the opportunity cost of producing one apple is 3.33 oranges (10 oranges / 30 apples), and the opportunity cost of producing one orange is 0.3 apples (30 apples / 10 oranges). Therefore, Nation B has a comparative advantage in producing oranges.

Overall, this means that Nation A should specialize in the production of apples, and Nation B should specialize in the production of oranges. By specializing in the product with the lowest opportunity cost, each nation can produce more of both products through trade and improve their overall welfare.

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References that employers trust for the most accurate reporting include
a. friends
b relatives
C. counselors
d. parents

Answers

Answer: counselors

Explanation:

References that employers trust for the most accurate reporting include counselors. Employers don't trust the friends, relatives and parents of the prospective employees or employees for an accurate report because employers believe that they're not professional enough and due to their closeness to the employee, they may give false information in order to put the employee at an advantage. Employers see counselors as being more professional and will give the right informations.

It should be noted that in a case whereby a candidate performs well in his or her job tests and interviews and has a positive recommendation from his or her references together, the person has a high chance of being employed.

Answer:

C. Counselors.

Explanation:

Did the quiz

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