Service ________ means that services cannot be stored for later sale or use

When customers pay in advance for a work yet to be performed, the company performing the work records a(n):

a. prepaid revenue b. prepaid expense c. accrued expense d. accrued revenue e. unearned revenue

Tran currently makes $4,500 per month in gross income. He has a student loan payment of $250 per month and a car loan of $450 per month. His credit card payments average $300 per month

What is the largest PITI he could qualify for with a reputable lender? A) $620 B) $900 C) $1,260 D) $1,620