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nikdorinn [45]
3 years ago
7

Consider the following situations for Shocker: a. On November 28, 2018, Shocker receives a $2,700 payment from a customer for se

rvices to be rendered evenly over the next three months. Deferred Revenue is credited. b. On December 1, 2018, the company pays a local radio station $2,340 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited. c. Employee salaries for the month of December totaling $6,800 will be paid on January 7, 2016. d. On August 31, 2018, Shocker borrows $58,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2019. Required: Indicate by how much the assets, liabilities, and stockholders' equity in the December 31, 2018, balance sheet is higher or lower if the adjustment is not recorded. (If none of the categories apply for a particular item, leave the cell blank.)

Business
1 answer:
Andreyy893 years ago
6 0

Answer:

Answer for the question:

Consider the following situations for Shocker: a. On November 28, 2018, Shocker receives a $2,700 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. b. On December 1, 2018, the company pays a local radio station $2,340 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited. c. Employee salaries for the month of December totaling $6,800 will be paid on January 7, 2016. d. On August 31, 2018, Shocker borrows $58,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2019. Required: Indicate by how much the assets, liabilities, and stockholders' equity in the December 31, 2018, balance sheet is higher or lower if the adjustment is not recorded. (If none of the categories apply for a particular item, leave the cell blank.)

is given in the attachment.

Explanation:

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Data from Fontecchio Corporation's most recent balance sheet appear below:
Sonbull [250]

Answer:

the acid test ratio is 0.7 times

Explanation:

The computation of the acid test ratio is shown below;

Acid test ratio is

= Quick assets ÷ current liabilities

= (Cash + marketable securities + account receivable) ÷ current liabilities

= ($37,000 + $39,000 + $97,600) ÷ ($248,000)

= 0.7

Hence, the acid test ratio is 0.7 times

This is the answer but the same is not provided in the given options

4 0
2 years ago
Which type of manager would most likely be responsible for researching customers’ purchasing habits?
Kay [80]
The answer is c because it’s financial manager
8 0
3 years ago
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The distinction between supply and the quantity supplied is best made by saying that___________.
snow_lady [41]

Answer:

b. supply is represented graphically by a curve and quantity supplied as a point on that curve. 

Explanation:

Qunatity supplied shows how qunatity of a product changes in response to changes in  price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied.  This shows that quantity supplied has a direct relationship with price.

Changes in quantity supplied is shown by movement along a supply curve.

Changes in supply is caused by other factors other than changes in price. Some of these factors are :

Changes in price of similar goods

Tax

Change in number  of suppliers

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Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.

I hope my answer helps you

7 0
3 years ago
The shadow price measures, per unit increase in the right hand side of the constraint, Select one: a. the change in the value of
MA_775_DIABLO [31]

Answer:

A. the change in the value of the optimal solution.

Explanation:

  • A shadow pricing is associated with each constraint of the model and is the instantaneous changes that occur in the objective model of the optimal solution that is obtained by changing the right-hand side constrained by one unit and a reduced cost is associated with each variable of the model. Also referred to  as a monetary values that is assigned to the current unknowable or difficult to calculate costs.
7 0
3 years ago
This is due at 12. please help me
Over [174]
1. 110
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Won 110
Lost 35.
I tried my best sorry if it wrong.
5 0
3 years ago
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