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Aleksandr [31]
3 years ago
12

In year 8, Mondo Magazines began selling one- and two-year subscriptions to its publications. Subscriptions are collected in adv

ance and credited to sales. An analysis of the recorded sales activity revealed the following:____________
Business
1 answer:
bonufazy [111]3 years ago
5 0

Answer:

$450,000

Explanation:

Deferred subscription revenue (or unearned subscription revenue) is a liability account since your customers paid you in advance for goods or services that you must provide in the future.

The net unearned revue for 2018 and 2019 is = $390,000 and $460,000  respectively.

Of the 2018 amount, only $115,000 (= $390,000 - $115,000 - $160,000) remain as a liability during 2019 since they expire on 2020.

Of the 2019 amount, $335,000 (= $460,000 - $125,000) remain as a liability during 2019 since they expire on 2020 and 2021.

By December 31, 2019, unearned revenue = $115,000 + $335,000 = $450,000

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How do changes in the environment affect businesses and thus consumers?
fiasKO [112]

Answer:

If the environment changes then the businesses will make products you need in that environment so consumers will buy more of that product because they need it. For example, if it's summer you need new summer clothes so companies will start to make summer clothes so people will buy them instead of winter or fall clothes because of the environment. So businesses are getting money and the consumers are getting what they need or want.  

8 0
2 years ago
In 2020, Marigold Corp., issued for $102 per share, 86000 shares of $100 par value convertible preferred stock. One share of pre
lapo4ka [179]

Answer:

$2322,000

Explanation:

The computation of amount credited to additional paid-in capital is shown below:-

Amount credited to additional paid-in capital = Issued per share × Number of shares) - (Number if shares × Preferred stock shares converted into three shares × Par value of common stock

= ($102 × 86,000) - (86,000 × 3 × $25)

= $8,772,000 - $6,450,000

= $2322,000

So, for computing the amount credited to additional paid-in capital we simply applied the above formula.

4 0
2 years ago
All of the following options are good tips for borrowing money EXCEPT...
Jlenok [28]
I would say B. Quick cash loans. Interest rates are very high & not a good idea in borrowing money. They are designed for people who have poor credit ratings & have no other means to borrow money.
5 0
2 years ago
A perpetual inventory system: a) Requires a computer system to handle all of the transactions. b) Updates the inventory balances
Murrr4er [49]

Answer:

<h2>In this case, the correct answer would be option c) given in the answer options or Tracks inventory balances with every receipt and every withdrawal of inventory.</h2>

Explanation:

  • In Accounting and Economics, perpetual inventory system involves the calculation or updation of the inventory count or record for every individual individual inventory transaction.
  • Whenever a good is withdrawn or purchased from the inventory or dded to the inventory for later purchase or consumption, it is immediately recorded or updated under a perpetual inventory system.
  • Hence, perpetual inventory system requires the updates of the inventory record or count immediately after any good is purchased, sold or added into the inventory.
  • The final sale of any good from the inventory is recorded as a sales revenue for the concerned firm or company and any purchase of any good by the company for future sale which is added into the inventory is generally recorded as the cost of goods sold account.
6 0
3 years ago
Sloan is a believer of the carrot-and-stick approach to behavior modification. As a leader, he reprimands his workforce and make
REY [17]

Sloan has adopted the “punishment” form of reinforcement towards his employees.

<u>Explanation:</u>

Punishment at the workplace means when new adopted changes or behavior lead to negative consequences at the workplace.

Sloan’s method of awarding only when the employees perform well is a case of the same. His action of deducting the employee's salary by 20 percent too would not positively encourage them to perform well, but lead to dissatisfaction and contempt towards him.

5 0
3 years ago
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