Unearned revenues are revenues that are received before the company delivers goods or provides services. Some industries that have unearned revenues would include magazine publishers as they only receive checks from customers once the magazine is ordered. Until then the company awaits payment and does not have this in advance. Another company would be airlines because they receive cash once the tickets are sold for future flights. Unearned revenue is used by any company that accepts payments or deposits
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Bureau of Internal Revenue (Philippines) The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas Internas‚ or BIR) is an attached agency of Department of Finance. BIR collects more than one-half of the total revenues of the government. Functions The powers and duties of the Bureau of Internal Revenue are: Assessment and collection of all internal revenue taxes‚ fees and charges; and enforcement of all forfeitures‚ penalties‚ and fines connected therewith‚ including the execution of judgments
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Public Revenue Reporting and Monitoring The main sources of public revenue are: Taxes and levies such as for e.g. income tax‚ property tax‚ sales tax‚ license fees‚ import and export duties‚ levies charged for services etc Earnings from natural resources like oil‚ gas‚ minerals etc Loans from other governments‚ the private sector‚ or international financial institutions like the International Monetary Fund‚ World Bank and regional development banks that must eventually be repaid with
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Just like any other business that keeps track of claims for payments the health care industry also has a system of their own called The revenue cycle. The revenue cycle manages claims processing‚ payment and revenue generation. Meaning the process includes keeping track of claims and making sure payments are collected and denied claims are addressed in an appropriate manner. In present times health care industry is a very complicated in terms of managing the services provided. A physician must document
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Explain why the death and resurrection of Jesus Christ is significant for Christianity. The death and resurrection of Jesus Christ is significant for Christianity for many reasons. Christ ’s death is evidence of God and His powers‚ it represents the idea that Christians can have forgiveness for their sins‚ guarantees eternal life‚ and proves his divinity. For these reasons‚ without the death and resurrection of Jesus Christ‚ Christianity would not exist as these significant events make up the
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unit b) the ratio‚ by number‚ of C atoms to H atoms to 3 significant figures c) the ratio‚ by mass‚ of Ge to S to 3 significant figures d) the number of g S in 1 mol of the compound to 3 significant figures e) the number of C atoms in 33.10 g of the compound 5) Determine the mass % O in the mineral malachite‚ Cu 2 (OH) 2CO3 . 6) Determine the mass % H2O in the hydrate Cr(NO3 )3 ⋅ 9H 2O . Express your answer to 4 significant figures. 7) Determine the empirical formula of the
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We have discussed during our psychology of personal growth and adjustment one of the most common sources of stress which is significant life adjustments. Upon hearing this‚ I agreed myself. Certain adjustments can be very stressful when you find it hard to adapt or if you are not yet ready to adjust to these changes. There comes a time in our lives that even if we do not want to‚ we have to let go and accept that shit happens. Having my dad beside me as I grow up would be termed as daddy’s girl
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course: This week you learned about the unearned revenue account. Provide three examples of unearned revenue. Answer: Three examples of unearned revenue would be 1.Prepaid Expense - A year long insurance contract a company paid $12‚000 for at the beginning of the year. Since the insurance company owes the company service‚ the expense prepayment is recorded as an asset Journal Entries: debit Prepaid Insurance and credit Cash). 2. Unearned Revenue - A year long subscription of $12‚000 is received
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The most significant challenge I have faced in my lifetime so far was and is my struggle with my health. I was in a very low point in my life where I was incredibly ill and daily life‚ including academically. My grades slipped and suffered along with several absences‚ I did poorly because not only did my affliction affect me physically‚ but also mentally damaged me. In example‚ I developed a stutter‚ loss of memory and short term memory loss‚ confusion and struggles with everyday simple tasks‚ this
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