1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lys-0071 [83]
3 years ago
10

A company is in its first month of operations. On January 15, the company receives $600 from customers who will receive 10 voice

lessons ($60 per lesson). As of January 31, the company has provided 8 voice lessons. What adjusting entry would be made at the end of January?
Business
1 answer:
Yuri [45]3 years ago
8 0

Explanation:

The adjusting journal entries are shown below:

On January 15

1. Cash A/c Dr $600                ($60 × 10 voice lessons)

    To Unearned revenue A/c $600

(Being the cash is received)

On January 31

2. Unearned revenue A/c Dr $480     ($60 × 8 voice lessons)

                  To Service revenue A/c  $480

(Being the unearned revenue is recorded)

You might be interested in
Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $210,000 and accumulated deprecia
dezoksy [38]

Answer: Gain of $12,000

Explanation:

First off, what was the Net book value of the old sailboat?

= Cost Price - Accumulated Depreciation

= 210,000 - 84,000

= $126,000

They paid $101,000 in cash and received a trade in allowance of $138,000 bringing the value to $239,000.

What they should have received as the trade in allowance was the NBV of $126,000. Since they didn't they got a gain of,

= 138,000 - 126,000

= $12,000

Because this transaction has commercial substance, the gain would be $12,000.

6 0
3 years ago
Rather than competing head to head with established competitors, many companies seek out unoccupied positions in uncontested mar
Solnce55 [7]

Answer:

The correct answer is d. "blue ocean strategy".

Explanation:

The strategy seeks to set aside competition between companies, expanding the market through innovation. What companies need to be successful in the future is to stop competing with each other. In the last twenty-five years, all strategic thinking has been directed to the red ocean; The administration defines that in the competition there is the success or failure of the companies, which has allowed many to know how to perform skillfully in this world, but ignoring that another type of strategy could generate better results, without worrying so much about the competition.

The red ocean represents all existing industries today. These companies must have clearly marked limits, as well as defined competencies, and their objective is to overcome the rival and gain a great position in the market. They are constantly exposed to the emergence of new competitors, which decrease their chances of growth. Usually, this type of ocean is the reality of every business.

6 0
3 years ago
The loan review department at a major regional bank has an exceptionally high turnover of both administrative assistants and ana
Ray Of Light [21]

Answer:

Letter B is correct. <em>Organizational.</em>

Explanation:

Employee turnover is measured by an index that checks employee entry and exit rates in an organization. When the turnover rate is high it means that an organizational analysis should be performed to detect the possible causes of increased employee turnover.

It can be caused by situations related to organizational structure, such as failures in the selection process, unfavorable organizational climate that causes conflicts and demotivation, low benefits and compensation among others.

8 0
3 years ago
Suppose a state lottery prize of $8 million is to be paid in 5 payments of $1,600,000 each at the end of each of the next 5 year
slavikrds [6]

Answer:

The answer is $5767641.92

Explanation:

PV of an Annuity = C x [ (1 – (1+i)-n) / i ]

PV of an Annuity = $1,600,000  x [ (1 – (1+0.12)-5) /0.12 ] = $5767641.92

The present value of the prize is $5767641.92

7 0
3 years ago
Ben and Mildred's Stables used two different independent variables (trainer hours and number of? horses) in two different equati
liubo4ka [24]

Answer:

the estimated total cost for the coming year is $12,227.60

Explanation:

The computation of the estimated total cost is shown below:

y

= Constant coefficient + independent variable coefficient × number of horses

= $5,240.20 + $22.54 × 310 horses

= $5,240.20 + $6,987.40

= $12,227.60

This is the answer but not the same is to be given in the options

hence, the estimated total cost for the coming year is $12,227.60

7 0
3 years ago
Other questions:
  • Benton County includes an independent school district and two individually chartered towns within the County. Benton County’s Tr
    13·1 answer
  • ______ power results from one's specialized information.
    7·1 answer
  • order for the auto parts shop is $80; the holding cost of carrying 1 unit is $1.2 per year. The shop has 360 working days per ye
    12·2 answers
  • The following account balances were taken from the 2021 adjusted trial balance of the Bowler Corporation: sales revenue, $485,00
    6·1 answer
  • Which of the following combinations should be avoided? a. high price and high quality b. low price and low quality c. heavy prom
    6·1 answer
  • Jarmon Company owns twenty-three percent (23%) of the voting common stock of Kaleski Corp. Jarmon does not have the ability to e
    13·1 answer
  • Who is an HR manager?
    8·1 answer
  • Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the
    14·1 answer
  • Wesley, who is single, listed his personal residence with a real estate agent on March 3 of the current year at a price of $390,
    8·1 answer
  • Your company decides to implement sap in the united states before implementing it in canada. this is an example of ___________ c
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!