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What else can I help you with?
What is a labor ratio and what line items belong in it?
A labor ratio is the percentage of labor spent vs the amount of revenue earned. A labor ratio is the percentage of labor spent vs the amount of revenue earned.
What is adverse variance?
A non favourable variance Eg: adverse revenue means the company earned less revenue than expected.
Is business money taxed when earned outside of UK?
Yes, it is.
What are sales figures?
Sales figures refer to the quantitative data that represent the total sales revenue generated by a business over a specific period. This information typically includes the number of units sold, the revenue earned, and can be broken down by product, region, or sales channel. Analyzing sales figures helps businesses assess their performance, identify trends, and make informed decisions to drive growth.
Are Simple interest calculated as a percentage of the bank balance and interest earned?
This answer is False!!
What percentage of the net income earned in the US is generated by corporations?
60%
Unearned revenue account is classified as a?
Unearned revenue account is classified as current liability as it is the revenue not yet earned by business.
What is a labor ratio and what line items belong in it?
A labor ratio is the percentage of labor spent vs the amount of revenue earned. A labor ratio is the percentage of labor spent vs the amount of revenue earned.
When is revenue considered earned in a service type business?
when the service is performed
What is revenue in excel?
Revenue is how much is earned, like in a business. As Excel deals with numbers, then calculating revenue is something that is regularly done in Excel.
What is percentage lease?
It is one type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises.It is the term used in commercial real estate.
What is the difference between operating revenue and non operating revenue?
Operating revenue is that revenue which is earned by basic operating activity of business while non operating profit is earned from other activities like purchases of marketable securities etc.
Is unearned revenue a credit balance?
Yes, Unearned revenue has credit balance and it is liability for business until it is actually earned.
Is deferred revenue a current liability?
Yes, deferred revenue is a current liability. It means that the revenue has yet to be earned, therefore it is still owed to the business or company.
What would the journal entry if revenue earned by the business during the year?
debit cash / bank / accounts receivablecredit revenue account
When a business records revenue before it has been earned it has violated the measurement issue of?
valuation
Is unearned service revenue debit or credit?
Unearned services revenue is that part of revenue which is not yet earned and as it is not yet earned then it is liability for business and hence like all other liabilities it has credit balance as normal default balance.
