Kincaid Company provided consulting services of $2,500 to a customer who paid $1,300 and promised to pay the remainder next month.

Which of the following journal entries correctly records this transaction?

A

Cash 1,300
Accounts Payable 1,200
Consulting Revenue 2,500

B

Cash 1,300
Accounts Receivable 1,200
Consulting Revenue 2,500

C

Cash 1,300
Consulting Revenue 1,300

D

Consulting Revenue 2,500
Cash 1,300
Accounts Receivable 1,200

An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense