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Afina-wow [57]
3 years ago
11

Pharoah Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. Duri

ng November 2022, Pharoah sells 6,900 subscriptions for cash, beginning with the December issue. Pharoah prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. Prepare the entry in November for the receipt of the subscriptions.
Business
1 answer:
never [62]3 years ago
3 0

Answer and Explanation:

The Journal entry is shown below:-

On  November 2022

Cash Dr, $193,200            (6,900 × $28)

               To Unearned Subscription Revenue $193,200

(Being the receipt of the subscriptions is recorded)

Therefore to record the receipt of the subscriptions we simply debited the cash as it increased the assets and we credited the unearned subscription revenues as increased the liability so that the correct posting could be done

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The brandenburg family makes $7,000 per month. About $1,800 goes toward taxes and savings. They spend $5,200 on goods and servic
Debora [2.8K]

The money goes toward marketing activities is $2,600

What is the composition of the family spending monthly?

The family's monthly expenditure is made up of taxes and savings, goods and services and the balance is to be spent on marketing activities.

In other words, the amount that goes towards marketing activities is the excess of the family take-home monthly over the amounts spent on taxes and savings and goods and services respectively.

Total earnings monthly=$7000

sum of goods and services and taxes and savings=$1800+$5,200

sum of goods and services and taxes and savings=$7,000

spend on marketing activities=$7000-$7000

spend on marketing activities=$0

However, the principle is that the family should be able slash the amount spent on goods and services by half in order to make money available for marketing activities, hence the amount for marketing is $2,600($5,200*1/2)

Find out more about family expenditure on:brainly.com/question/5502247

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3 0
1 year ago
A Japanese auto company recognized the quality of air-conditioning systems that a U.S. company in Indiana successfully manufactu
Natali5045456 [20]

Answer:

insourced

Explanation:

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3 years ago
Semiotics refers to a field of study in marketing linguistics that identifies the connotative meanings behind words in order to
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6 0
3 years ago
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
kupik [55]

Answer:

Underapplied Manufacturing Overhead $23,000

Explanation:

Sawyer Manufacturing Corporation

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= $300,000 ÷ 52,000 direct labor hours

= 5.7 Approximately $6 per direct labor-hour

Overhead over or underapplied Actual MOH

= 365,000

Applied MOH = $6 x 57000 = $342,000

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Therefore The Corporation's applied manufacturing overhead cost for the year was $23,000

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In calculating the daily balance, cash advances are
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A. Sometimes adding in.
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