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
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:

You might be interested in
How are the project management processes that surround Scrum similar to and different to how the project management processes su
timurjin [86]

Answer: The answers are provided below

Explanation:

There are several similarities between the project management processes which surround scrum to the traditional project management processes which surrounds a project life cycle such as Waterfall. When one looks at each iteration as a project, one will see that Scrum planning meeting will be identical to planning meeting of the traditional project.

The daily standups in scrum will resemble the monitoring and the controlling of traditional waterfall with the exception that in scrum, its team monitors itself. A sprint would be the execution stage while the sprint review will be like project closure lessons that are learned. Sprint can be seen as small waterfall model project.

However, the main difference is in the scrum's team mindset versus the team of the traditional project management. Also, the process of work defining as being completed is different for the teams. Lastly, the method used by the scrum team in its approaches to work, team collaboration, responsibility acceptance, tasks definition and accountability are different from the traditional project management team.

A hybrid approach will be sensible in a large organization which has pockets of power. This is true for large retails that have old legacy systems in which frequent deployments aren't possible.

This is true for systems in which, testing can't be automated due to the fact that automated testing is a vital part for success for large scrum projects. In such organizations, it is sensible to use scrum for the teams which are able to move to scrum and waterfall can be used for other parts of the organization.

6 0
3 years ago
Assume banks are required to hold reserves equal to 20 percent of deposits. Instructions: Enter your responses as a whole number
stellarik [79]

Answer: $100

Explanation:

If the reserve requirement is 20% then the required reserves being held by the company is:

= Total deposits * reserve requirement

= 8,000 * 20%

= $1,600

The reserves held by the company of $1,700 comprise of both the required reserves and the excess reserves. The excess reserves will therefore be calculated as:

Excess reserves = Reserves - Required reserves

= 1,700 - 1,600

= $100

4 0
3 years ago
A formal way to ensure customer requirements are factored into the product and service development process is:
enyata [817]
It is Quality Function Deployment or QFD. It is a structured approach to defining customer needs or requirements and translating them into specific plans to produce products to meet those needs. The “voice of the customer” is the term to describe these stated and unstated customer needs or requirements.
8 0
3 years ago
Help help help help help
S_A_V [24]
D is the right answer
8 0
3 years ago
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month
Ad libitum [116K]

Answer:

75%

Explanation:

Given that,

Total Sales = $174,000

Total Variable expenses = $43,500

Total contribution margin = $130,500

Total fixed expenses = $86,175

Net operating income = $44,325

Overall contribution margin (CM) ratio for the company:

= (Total contribution margin ÷ Total sales) × 100

= ($130,500 ÷ $174,000) × 100

= 0.75 × 100

= 75%

5 0
3 years ago
Other questions:
  • Madura Inc. wants to increase its free cash flow by $180 million during the coming year, which should result in a higher EVA and
    12·1 answer
  • The Sisyphean Company is considering a new project that will have an annual depreciation expense of $ 4 million. If​ Sisyphean's
    12·1 answer
  • Real property is _____.
    5·2 answers
  • Although a sales representative may skip a step in the personal selling process or might sometimes have to go back and repeat st
    6·1 answer
  • A manufacturer of prototyping equipment wants to have $3,000,000 available 10 years from now so that a new product line can be i
    14·1 answer
  • Suppose Apple builds a plant in Taiwan and agrees to take 30% of the plant's output as
    15·1 answer
  • Schultz Industries is considering the purchase of Arras Manufacturing. Arras is currently a supplier for Schultz, and the acquis
    5·1 answer
  • Journal entry worksheet
    13·1 answer
  • Once the root causes of performance gaps have been discovered, it is necessary to: ____________
    9·1 answer
  • What are interpersonal skills?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!