Argyle Designs Has a Contract to Design 20 New Dresses

question 146

True/False

Argyle Designs has a contract to design 20 new dresses for a customer,and will collect a total of $40,000 when the design services are complete.They start on June 1.As of June 30,Argyle has finished 4 of the 20 designs.They will make an adjusting entry at the end of June to accrue $10,000 of service revenue.

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Definitions:

Synchronous Speed

The speed at which the magnetic field in an AC machine rotates, determined by the frequency of the supply current and the number of poles in the machine.

Rotor Speed

The rotational speed of the rotor in a motor or generator, usually measured in revolutions per minute (RPM).

Stator Speed

The rotation speed of the stator, which is a stationary component of electromagnetic circuits in motors or generators.

Slip Speed

The difference in speed between the rotor of an induction motor and the actual magnetic field's speed.