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
Vilka [71]
3 years ago
7

Mary signed up and paid $1,260 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s acco

unting records would indicate ___________.
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
6 0

Answer:

Answer:

$420 of revenue, $840 of deferred revenue

Explanation:

Data provided in the question

Paid amount = $1,260

Given months = 6 months

Number of months = 2 months

For two months, the revenue is

= Paid amount × number of months ÷ given months

= $1,260 × 2 months ÷ 6 months

= $420

Now the deferred revenue is

= Paid amount - revenue

= $1,260 - $420

= $840

Hence, the revenue is $420 and the deferred revenue is $840

You might be interested in
Bailey broker sponsors two sales agents: Jon and Jen. Horace has signed a buyer representation agreement with Bailey to have Bai
laila [671]

A sales agent/license holder is a general agent of a broker/license holder. Both the broker and the sales agent typically become special agents of any client/principal. A broker and his sponsored sales agents are not agents of the client until an actual expressed agency relationship has been established. Until then, Horace is a customer.

A man or woman agent is one that has passed through considered necessary schooling, exceeded an exam, and been duly certified by IRDA to promote coverage policies to the general public and offer after-income providers along with helping on the time of a declaration. His license may be for life insurance, general insurance, or each.

182. 'Agent' and 'essential' are described. An 'agent' is a person hired to do any act for every other or to symbolize some other in dealings with 0.33 person. The person for whom such act is done, or who's so represented, is referred to as the 'fundamental'.

Standard Agent- Agent appointed to do all acts referring to a selected job. Sub-Agent-An agent appointed by way of an agent. Co-Agent- sellers together appointed to do an act together. Dealer- An agent whose process is to create a contractual date between two events.

Learn more about the kind of agents here brainly.com/question/7284696

#SPJ4

8 0
2 years ago
If you cause a car accident, which type of insurance will require you to pay the least out of pocket
WARRIOR [948]
A low deductible plan is the type of insurance that will require the driver to pay less out of pocket. If a person has a high deductible plan, the out of pocket payment would be a lot higher. A low deductible plan has much higher premiums that must be paid. The high deductible insurance has much lower premiums. After a wreck that is caused by the driver, most insurances will raise the premiums paid. Unless you with an insurance company that accident forgiveness plans. The correct answer to this question is B. Low Deductible Plan. 
3 0
3 years ago
Read 2 more answers
Qualities of the mind<br><br>​
Pani-rosa [81]
Metta (lovingkindness/friendliness), karuna (compassion), mudita (empathetic joy), and upekkha (equanimity).
8 0
2 years ago
Help me to answer thi Q! Thanks!
cestrela7 [59]
Divide the numbers on the first graph by 1’s and you get your answer
7 0
3 years ago
How does SEO impact the way that marketers write their ads?
Olegator [25]

Answer:

It enhances the marketing scopes and magnifies to reach for a particular brand by attracting an increasing number of potential users

3 0
2 years ago
Read 2 more answers
Other questions:
  • On October 1, 20X1, Acme Fuel Co. sold 100,000 gallons of heating oil to Karn Co. at $3 per gallon. Fifty thousand gallons were
    8·2 answers
  • Davison Toaster Corp. sells its products for $250 per unit. It has the following costs:
    13·1 answer
  • When a tourist goes to a bank in a foreign country to convert money into the local currency, the exchange rate used is the forwa
    10·1 answer
  • Which is a way that companies attempt to get consumers to buy their products instead of their competitor's products? 1. market r
    9·1 answer
  • . Based on the following data, Accounts payable…………………………………………………..... $62,000 Accounts receivable…………………………………………………. 100,000
    11·1 answer
  • A book that weighs 0.35 kilograms is kept on a shelf that’s 2.0 meters above the ground. A picture frame that weighs 0.5 kilogra
    9·2 answers
  • . Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight of
    13·1 answer
  • Business Solutions sells upscale modular desk units and office chairs in the ratio of 3:2 (desk unit:chair). The selling prices
    9·1 answer
  • Summarize what a Compound interest is
    12·1 answer
  • The public report that a developer must provide when offering subdivided lands for sale is provided by which agency?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!