Answer and Explanation:
The adjusting entries are as follows:
a. Insurance expense $275
To Prepaid insurance $275
(To record the insurance expense)
b. Supplies expense $785 ($1,500 - $715)
To Supplies $785
(To record the supplies expense)
We assume the balance of supplies before adjustment is $1,500
c. Depreciation - office equipment $330
To Accumulated depreciation $330
( To record the depreciation expense)
d. Salary Dr $325
To Accrued salary $325
(To record the accrued salary)
e. Rent expense $1,600
To Prepaid rent $1,600
(To record the rent expense )
f. Unearned fees $790
To Fees revenue $790
(To record the unearned fees is recorded)
We assume the balance of unearned fees before adjustment is $4,000
Therefore, $790 is arrive from
= $4,000 - $3,210
= $790
Answer: Promise of returns comparable to Treasury bonds.
Explanation: Treasury bonds are debt security assets bought from the government of the United States which have a fixed interest rate, and a maturity period of about 10 years. They are very safe form of investment with little risk involved.
An investment with returns similar to that of treasury bonds, can be a legit form of investment because the interest rate is relatively reasonable.
Answer:
Promotional mix
Explanation:
Since in the given situation, coordinate the promotional messages for promoting the product or a service so here the promoting tenchique would be considered that means the company promotes its product via marketing manager and the advertiser who is third party
So according to the given case, this is an example of promotional mix
Answer:
I used an Excel spreadsheet to calculate R² which gives us the least squares trend. See attached image.
y = 360x + 1600
R² = 0,9529
next year's enrollment should be = (360 x 5) + 1600 = 3400
Answer:
A. $ 420,000
Explanation:
We have to find the missing information
Sales revenues 1,000,000
variable cost <u> (200,000)</u>
Contribution Margin 800,000
Fixed Cost <u> X </u>
Operating Income 380,000
Contribution margin - operating income = fixed cost
$800,000 - $380,000 = fixed cost
fixed cost = $420,000
