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Sonja [21]
2 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]2 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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How might an interactive leader like Mary Barra communicate a policy change that impacts all GM employees from executive-level m
Andrej [43]

Answer:

b. Create task forces at different levels of the organization that communicate the benefits of the policy change

c. Hold a series of town hall meetings to discuss the policy change and listen to employee concerns

d. Hold informal meetings with key managers, department heads, and staff employees to discuss the policy change to develop best practices for communicating the change to other employees

Explanation:

An Interactive leader is a leader who seeks the opinion of his or her followers regarding issues in order to achieve a desired goal.

Mary Barra can communicate a policy change that impacts all GM employees from executive-level managers to assembly line workers by creating task forces at different levels of the organization that communicate the benefits of the policy change. This will help in passing the message across to the workers effectively and quicker.

Holding a series of town hall meetings to discuss the policy change and listen to employee concerns is also vital as the purpose of the policy change can be discussed and the opinions of other with regards to the change can be known.

Lastly, holding of informal meetings with managers, department heads, and staff employees is also essential so that the information can be passed across to the employees in each department and the workers all work towards achieving a common goal.

7 0
2 years ago
Cali Communications reported the figures from its adjusted trial balance and from its​ multi-step income statement for its first
victus00 [196]

Answer:

The preparation is presented below:

Explanation:

The preparation of the retained earnings statement for the year ended July 31, 2018 is presented below:

                                        Cali ​Communications'

                              Retained Earning statement

                           For the year ended July 31, 2018

Beginning balance of retained earning $0

Add: Net income $5,150

Less: Cash Dividend paid -$0

Ending balance of retained earning $5,150

6 0
3 years ago
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She ha
Rainbow [258]

Answer:  $88,700

Explanation:

Given that,

House value = $275,000

Mortgage = $195,000

Car value = $12,000

Car loans = $7,500

Investments = $3,000

Bank account = $2,700

Owes on a credit card = $1,500

Keisha’s net worth:

= House value - Mortgage + Car value - Car loans + Investments + Bank account - Owes on a credit card

= $275,000 - $195,000 + $12,000 - $7,500 + $3,000 +  $2,700 -  $1,500

= $88,700

6 0
3 years ago
Rhea's company sets specific goals for product features and reliability, offers incentives for achieving goals, and regularly so
adell [148]

Answer:

Total quality management.

Explanation:

Since Rhea's company sets specific goals for product features and reliability, offers incentives for achieving goals, and regularly solicits employee feedback on the causes of customer issues. These activities are part of a total quality management system.

A total quality management (TQM) can be defined as a management tool used to attain customer's satisfaction and improved productivity leading to long-term success in the business. The starting point or first step of the total quality management (TQM) is customer focus.

<em>Hence, in order to achieve a long-term success in customer satisfaction, organizations should use the total quality management approach by involving all of its employees with high standards and work ethics</em>.

4 0
2 years ago
One bag of flour is sold for $1.50 to a bakery, which uses the flour to bake bread that is sold for $4.00 to consumers. a second
ale4655 [162]
GDP stands for gross domestic product. The GDP allows economist to measure the market value in terms of money. They are measuring the final good or service that is being offered to a customer over any given time. 

Since the first bag of flour is being sold to a bakery to make bread from and sell for $4.00 the GDP of this item is $4.00 because that is the cost a customer is paying.

The second bag of flour is sold to a customer for $2.00 in a grocery store and is the final cost a they are paying.

In this scenario, the GDP for the two products being sold to a customer is $6.00.
3 0
3 years ago
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