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Sonja [21]
3 years ago
7

On september 1, 2018, fortune magazine sold 660 one-year subscriptions for $74 each. the total amount received was credited to d

eferred subscriptions revenue. what is the required adjusting entry at december 31, 2018?
Business
1 answer:
Dafna1 [17]3 years ago
3 0
The Company recorded 660 x 74 = $48,840 in deferred revenue. This is a liability account that means they still owe the service or good which they have been paid for. 
Every month, the company records an adjusting entry, recognizing one twelfth of the 48,840, 4,070, because they have earned another month of that deferred revenue by providing the magazine. 
The journal entry on December 31, 2018, will be
Deferred Revenue  4,070
         Revenue                 (4,070)
If this is the first time they've made the entry, then they will recognize earned revenue for Sep, Oct, Nov and Dec, 
Deferred Revenue 16,280
         Revenue                 (16,280)
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AVprozaik [17]

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forming; storming

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After this finishing this step, the next step is storming in which the members give their suggestions to accomplish a task that has assigned to each member of the group

Therefore as per the given situation, the forming and storming are the correct options.

8 0
4 years ago
Which school faculty member should you talk to about enrolling in an AP<br> course?
gregori [183]

Answer: The guidance counselor

Explanation:

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course?

3 0
3 years ago
Which of the following costs is a mixed cost? a. straight-line depreciation on factory equipment b. electricity costs of $3 per
Ksenya-84 [330]

Answer:

correct option is d. rental costs of $10,000 per month plus $0.30 per machine hour of use

Explanation:

solution

The combined cost is one in which the factor is variable and constant.

Sometimes, even the total cost is difficult to separate.

The chosen option also includes a fixed cost that costs $ 5,000 per month.

The cost per hour of the machine increases  0.30 per hour.

This is variable because the entire machine depends on the number of hours used.

The other three are completely variable, such as salary, and are not deductible or cost of electricity.

3 0
4 years ago
In an enterprise-class database system, business users interact directly with the DBMS, which directly accesses the database dat
nikklg [1K]

Answer:

False

Explanation:

In an enterprise-class database system, business users can not interact directly with the DBMS, which directly accesses the database data

7 0
3 years ago
: A plant produces three product lines: A, B, and C. There are 6 models within product line A, 4 models within B, and 8 within C
kirill115 [55]

Answer:

A) 18

B) 14,600 Units

Explanation:

To solve for Product line (P) we add total numbers the models. That is,

(a) Take product line (P) to be the total number of distinct products A, B & C models produced.

Where A=6

B=4

C=8

Add up

Therefore, we

P = 6 + 4 + 8 = 18 distinct models.

(b) to find QF of the plant for the total production amount of all products produce in the plant multiply by the product line (P) number and then add up.

That is,

QF= 6(500) + 4(700) + 8(1100) = 3000 + 2800 + 8800 = 14,600 units

4 0
3 years ago
Read 2 more answers
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