Mary signed up and paid $960 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s accounting records would indicate:

A. $320 of revenue, $640 of accounts receivable
B.$320 of revenue, $640 of deferred revenue
C. $960 of revenue, $960 of cash
D. $640 of revenue, $320 of accounts receivable

The correct answer B.$320 of revenue, $640 of deferred revenue.

Explanation: $960 cash was received by Choplet Ceramics for the 6 months course. Choplet Ceramics would have passed these entries upon receipt of the cash: Debit Cash $960 Credit Deferred revenue $960. On a monthly basis, this amount would be unwound to revenue on a straighline amortization basis, $960 / 6 months = $160. Since 2 months had already passed, the amount of revenue to be recognized would be 2 months × $160 or 2/6 * $960 giving $320. Therefore, as at 1 August, the amount in revenue would be $320 while deferred revenue balance would be $640.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!

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