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
11111nata11111 [884]
3 years ago
8

What effect will this adjustment have on the accounting records?

Business
1 answer:
12345 [234]3 years ago
6 0

Answer:

a.Increase Net Income

Explanation:

Unearned Revenue

The Accrual Principle requires Incomes and expenses to be recorded in the period they occur or incur.

Revenue not earned has not yet occurred and can not be recognized hence no effect on revenues reported for the period.

Fees earned

Fees earned represents increases in economic benefits from non primary activities of the company.

This has the overall effect of increasing Net income in the reporting period

You might be interested in
hi very one!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Darina [25.2K]

Answer:

Hiiiiiiiiiiii

Explanation:

8 0
3 years ago
Read 2 more answers
When mp3 players emerged and cassette players declined in popularity, what type, or types, of unemployment were created?
-BARSIC- [3]
<span>When mp3 players emerged and cassette players declined in popularity, the type/s of unemployment created were of those who are making the wires, the mp3 players, the cassette players, the CD players and even the owner or companies who are suppliers of products that are needed to assemble the machines.</span>
6 0
3 years ago
Nemesis, Inc., has 215,000 shares of stock outstanding. Each share is worth $81, so the company's market value of equity is $17,
Ksivusya [100]

Answer:

$81, $75, and $69

a. Market value of existing shares = 215000 * $81 = $17415000

   Value of New shares issued = 48000 * $81 =        <u>$3888000</u>

                                                                                     <u>$21,303,000</u>

Price after issue of new shares = 21,303,000 / (215000 + 48000)

= 21,303,000 / 263,000

= $81

Conclusion: No changes ($0 per share

b. Market value of existing shares = 215000 * $81 = $17415000

   Value of New shares issued = 48000 * $75 =        <u>$3600000</u>

                                                                                     <u>$21015000</u>

Price after issue of new shares = 21015000 / (215000 + 48000)

= 21,015,000  / 263,000

= $79.90

Conclusion: There is a decrease in amount (81 - 79.90) = $1.10 per share

c. Market value of existing shares = 215000 * $81 = $17415000

   Value of New shares issued = 48000 * $69 =        <u>$3312000</u>

                                                                                     <u>$20,727,000</u>

Price after issue of new shares = 20,727,000 / (215000 + 48000)

= 20,727,000 / 263,000

= $78.81

Conclusion: There is a decrease in amount (81 - 78.81) = $2.19 Per share

4 0
4 years ago
Which of the following best describes a summary
ki77a [65]
Depend on what summary you're talking about

in movies, Summary is a brief/short explanation about the movies or account some of the main points of the movie

In Law, Summary is a Judicial Process which conducted without the customary legal Formalities
7 0
3 years ago
A customer, age 45, invests $100,000 in a variable annuity contract. It imposes an 8% charge if the contract is surrendered with
qaws [65]

Answer:

the client should wait 10 more years until the contract is worth $180,000 since he will earn a slightly higher interest rate

Explanation:

we must determine the effective interest earned by the client if he accepts the company's proposal:

future value = present value x (1 + r)ⁿ

121,000 = 100,000 x (1 + r)⁵

(1 + r)⁵ = 121,000 / 100,000 = 1.21

⁵√(1 + r)⁵ = ⁵√1.21

1 + r = 1.0389

r = 0.0389 = 3.89%

if the client waits 10 more years until he is able to annuitize the account, he should earn:

180,000 = 100,000 x (1 + r)¹⁵

(1 + r)¹⁵ = 180,000 / 100,000 = 1.80

¹⁵√(1 + r)¹⁵ = ¹⁵√1.80

1 + r = 1.03996

r = 0.03996 = 4%

8 0
4 years ago
Other questions:
  • The significance of the bill of lading in overseas shipments is to provide which of the following?
    10·1 answer
  • RST Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory on
    8·1 answer
  • Arnold​ Marion, a firstminus year economics student at Fazer​ College, was given an assignment to find an example of price discr
    10·1 answer
  • You just won a prize that comes with two payout choices. The first option is to get $100,000 right now and nothing hereafter. Th
    9·1 answer
  • The retail marketing strategy includes all of the elements of the traditional marketing mix (product, price, place, and promotio
    12·1 answer
  • An insurer wishes to compare the information given in an insurance application with previous insurance applications by the same
    8·1 answer
  • Condensed financial data of Windsor Company for 2017 and 2016 are presented below.WINDSOR COMPANYCOMPARATIVE BALANCE SHEETAS OF
    15·1 answer
  • A salesgirl gets$20.00 for every$100.00 of bread she sells.In one month she sells 50 large loaves of bread at$12.00 each and 80
    8·1 answer
  • What is an outcome in the game of economics
    15·1 answer
  • 2. A product might fail because it is priced too low.<br> true<br> O false
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!