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Simora [160]
3 years ago
9

Denny Co. sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or thr

ee-year period. Cash receipts from contracts are credited to Unearned Service Revenues. This account had a balance of $900,000 at December 31, 2011 before year-end adjustment. Service contracts still outstanding at December 31, 2011 expire as follows:
Service contracts still outstanding at December 31, 2011 expire as follows:

During 2012 $190,000

During 2013 $285,000

During 2014 $125,000

What amount should be reported as Unearned Service Revenues in Denny's December 31, 2011 balance sheet?

a. $900,000

b. $600,000

c. $1,500,000

d. $300,000
Business
1 answer:
Lapatulllka [165]3 years ago
8 0

Answer:

b. $600,000

Explanation:

Amount to be reported =  Outstanding service contracts for 2012, 2013 and 2014

=$190,000 + $285,000 + $125,000

=$600,000

$600,000 should be reported as unearned service  revenues in Denny's Co. December 31, 2015 balance sheet.

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Kiera’s dog walking business is booming, and she is interested in expanding. In order to expand, her company needs more customer
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Answer:

The correct answer to the following question will be "S​he enhanced her brand image".

Explanation:

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So that the above is the right answer.

3 0
3 years ago
Dr. Riley, a professor in the economics department, finds that if he keeps his door open, people tend to stop in to say hello. T
Archy [21]

Answer:

1) Mindfulness

Explanation:

Mindfulness refers to being aware of your environment and paying attention to what happens around you, and at the same time being aware of your thoughts and bodily sensations.

In other words, it means that Dr. Riley is able to concentrate on what he is doing and at the same time is paying attention to what is around him.

4 0
2 years ago
Interest rates on 4-year Treasury securities are currently 5.4%, while 6-year Treasury securities yield 7.65%. If the pure expec
Fudgin [204]

Answer:

12.3%

Explanation:

In this question, we are asked to calculate what is believed a 2-year market security will be yielding, 4 years from now

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2 year yield 4 years from now = 0.123

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3 years ago
The role of management in the success of a business?
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