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3 years ago

What is an important issue for our times, but is currently under-discussed? why do you believe this? (limit 1800 characters)?

1 answer:

8 0

An important issue of our time is the effect the Green Revolution can have in Africa. Currently in Africa several regions are experiencing droughts that has the effect of causing state wide famines in the continent. The Green Revolution has helped Asia and Mexico avoid famine, but the next goal in today's modern world needs to be Africa. However, the battle will be between teaching farmers how to implement the new technology and how to implement the expense of new technology. More news coverage needs to happen on this topic.

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Cash received from a customer for unearned subscription revenue can initially be recorded as either an:________; (revenue/expens

Savatey [412]

Answer:

Revenue , Liability

Explanation:

Cash received from Customer for Unearned Subscription revenue is : 'Advance Income' i.e received before being earned / being due. So , it is recorded as Advance (Unearned) Income (Revenue).

It is a Liability for the firm as cash has been received but the goods & services are yet to be delivered or rendered.

Net Income will remain identical after adjustment entry. Entry : Cash dr to Advance Income cr - at time of cash receipt , Advance Income dr to Income cr - at time of accrual due time settlement. Income net amount will remain same as Cash dr to Income in usual case

7 0

3 years ago

Mill Corporation had the following unit costs for the recently concluded calendar year: Variable Fixed Manufacturing $8.00 $3.00

mylen [45]

Answer:

Lower of $2,400

Explanation:

In this question, we have to compare the total fixed manufacturing cost between the two methods which are shown below:

On January 1

= Number of units × fixed manufacturing cost

= 6,000 units × $3

= $18,000

On December 31

= Number of units × fixed manufacturing cost

= 5,200 units × $3

= $15,600

The difference between these two amounts would be $2,400 ($18,000 - $15,600)

In the variable costing, this cost should not be recognized in the income statement while in absorption costing, this cost should be recognized in the income statement as it is goes to the cost of goods sold as an expense.. So, the net income lower of $2,400

3 0

3 years ago

Capri Industries is considering an investment that has an initial cost of $26,500 and the following expected cash inflows: Year

kupik [55]

Answer:

It will take 3.5 years to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $26,500

Cash flows:

1 6,000

2 8,000

3 10,000

4 5,000

5 3,000

The payback period is the time required to cover the initial investment:

Year 1= 6,000 - 26,500= -20,500

Year 2= 8,000 - 20,500= -12,500

Year 3= 10,000 - 12,500= -2,500

Year 4= 5,000 - 2,500= 2,500

To be more accurate:

(2,500/5,000)= 0.5

It will take 3.5 years to cover the initial investment.

5 0

3 years ago

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

3 years ago

During the month of March, Harley's Computer Services made purchases on account totaling $44,900. Also during the month of March

kolbaska11 [484]

Answer:

e. $85,300.

Explanation:

ending accounts payable

= beginning accounts payable + purchases - payment of accounts payable

= $78,000 + $44,900 - $37,600

= $85,300

Therefore, The balance in accounts payable at the end of March is $85,300.

4 0

3 years ago