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3 years ago

Unearned revenues refer to a(n)_____________.

Business

2 answers:

dusya [7]3 years ago

8 0

Answer: c. Liability that is settled in the future when a company delivers its products or services.

Explanation: Firstly, liability an obligation, debt or responsibility owed to someone. They are a company's legal financial debts or obligations that are incurred during the course of business operations. Unearned revenues, a type of current liability (short term liability), defines a firm's liability to deliver goods and/or services at a future date after being paid in advance. The unearned revenue amount will be deducted in the future with an offsetting entry once the product or service is delivered.

olga2289 [7]3 years ago

7 0

Answer:

The answer is C.

Explanation:

Unearned revenue is a liability because the amount for the transaction has already been collected while the goods or services have not been delivered. Example of unearned revenue is magazine subscription fee for a year and the money for the subscription has been collected at the beginning of the year.

Revenue is only recognized as the service is being rendered, maybe monthly or quarterly while the unearned revenue (liability) in the balance sheet decreases by the same amount

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John, Jay, and Jeff each have an ownership interest in Three Guys Burgers, Inc. Based on the following information, which of the

eimsori [14]

Answer and Explanation:

Material participation in the business is when involvement in the business activity exceeds 500 hours during the year. Furthermore, if the activity is a significant activity of participation and the number of aggregate hours worked in all such activities exceeds 500 hours per year, of that kind participation is also construed as material participation.

Therefore, the participation of John and Jeff would be considered as material.

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4 years ago

Despite some optimism about the seeds of recovery, the Congressional Budget Office (CBO) sees joblessness rising. The CBO sees u

Xelga [282]

Answer:

The resulting rise in unemployment is mostly a rise in __cyclical____ unemployment because it is related to the state of the economy.

Explanation:

Frictional unemployment occurs as a result of workers' search for or transition to new jobs. It is brief and does not leave a mark on the economy. Structural unemployment comes about when the skills of workers do not match the requirements of employers. Therefore, workers require retraining and reskilling. Cyclical unemployment relates to the macro-economic situation that is prevailing during periods of recession.

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3 years ago

The returns on the common stock of Cool Toys are quite cyclical. In a boom economy, the stock is expected to return 23 percent i

mote1985 [20]

Answer:

13.71%

Explanation:

the expected returns on the stock:

normal economy = 0.14 x 0.6 = 0.084

boom economy = 0.23 x 0.22 = 0.0506

recessionary economy = -0.18 x 0.18 = -0.0324

expected return = 0.1022

the variance for each economic period:

normal economy = (0.14 - 0.1022)² = 0.00142884

boom economy = (0.23 - 0.1022)² = 0.01633284

recessionary economy = (-0.18 - 0.1022)² = 0.07963684

the variance of the stock's returns:

normal economy = 0.6 x 0.00142884 = 0.000857304

boom economy = 0.22 x 0.01633284 = 0.0035932248

recessionary economy = 0.18 x 0.07963684 = 0.014334631

variance of the stock's returns = 0.018785159

standard deviation of stock's returns = √0.018785159 = 0.137058964 = 13.71%

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4 years ago

Which of the following could explain an increase in the interest rate and the equilibrium quantity of loanable funds? Group of a

taurus [48]

Answer:

The demand for loanable funds shifted rightward.

Explanation:

The loanable funds refers to the funds that are available for the borrowers to take the loan from the lender.

Here, the supply of loanable funds remains unchanged as consumers are saving certain funds to act as the lender. If there is a rightward shift in the demand curve for loanable funds which indicates that there is an increase in the demand for loanable funds. We know that interest rate is shown on the y axis and the quantity of loanable funds is shown on the x-axis.

Due to this rightward shift in the demand curve for loanable funds, there is an increase in an equilibrium interest rate and in the equilibrium quantity.

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4 years ago

Leola just finished high school. She would like to earn a bachelor’s degree so she can get a job in Manufacturing. For which car

ehidna [41]

<span>Leola just finished high school. She would like to earn a bachelor’s degree so she can get a job in Manufacturing. For which careers would Leola most likely need a bachelor’s degree?</span>
Purchasing Agent and Product Safety Engineer
Out of the options above being a purchasing agent and product safety engineer often requires a degree to perform. The other options are commonly training needed but are able to be taught and not just require a Bachelor Degree.

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3 years ago