Revenue That Has Been Earned but Not Yet Collected in Cash

question 149

Multiple Choice

Revenue that has been earned but not yet collected in cash is called a(n) :

• A)accrued revenue.
• B)prepaid expense.
• C)unearned revenue.
• D)accrued expense.

Understand the factor distribution of income and how it reflects on labor and capital.

Distinguish between factors of production and inputs and their roles in economics.

Describe the firm's decision-making process in hiring based on the marginal product of labor.

Analyze the effects of external economic conditions on labor supply.