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kaheart [24]
3 years ago
9

On September 1, 2003, Time Magazine sold 600 one-year subscriptions for $81 each. The total amount received was credited to Unea

rned subscriptions revenue. What would be the required adjusting entry at December 31, 2003
Business
1 answer:
Alina [70]3 years ago
7 0

Answer:

Total subscriptions revenue for the period= 4 months (September 1 - December 31)  

= (600 * $81) * 4/12

= $48,600 * 4/12

= $16,200

Hence adjusting entry would be:

Deferred subscriptions revenue a/c Dr $16,200

To Subscriptions revenue Cr $16,200

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Primecoat Corporation could disseminate its annual financial statements two days earlier if it shifted substantial human resourc
Anit [1.1K]

Answer: Cost Effectiveness.

Explanation:

Primecoat Corporations is trying to save cost on preparing their annual financial statement. The Corporation is Cost effective in the use of manpower to prepare the financial statement. Cost Effectiveness involves achieving a high output at a little input cost.

6 0
3 years ago
Paul, a calendar year single taxpayer, has the following information for 2020: AGI $175,000 State income taxes 13,500 State sale
Alborosie

Answer:

b.$39,200

Explanation:

Calculation to determine Paul's allowable itemized deductions for 2020

Using this formula

2020 itemized deductions=State income taxes+Real estate taxes+Gambling losses

Let plug in the formula

2020 itemized deductions=$13,500+$18,900+$6,800

2020 itemized deductions=$39,200

Therefore Paul's allowable itemized deductions for 2020 are $39,200

5 0
3 years ago
10 POINTS NEED HELP Explain why you should search your name online before actively seeking employment.
lyudmila [28]

Answer:

By claiming your web presence, you're protected from other people, with the same name, claiming it before you. You also gain control over how you're perceived online, and thus what employers find out about you when they conduct their search

Explanation:

4 0
2 years ago
Vaughn Company's inventory records show the following data: Units Unit Cost Inventory, January 1 11000 $8.80 Purchases: June 18
blsea [12.9K]

Answer:

Vaughn Company

The weighted-average cost per unit is

= $8.04

Explanation:

a) Data and Calculations:

                                  Units    Unit Cost  Total

Inventory, January 1 11,000    $8.80     $96,800

Purchases: June 18  5,000      8.00       40,000

November 8             4,000      6.00       24,000

Total                       20,000                 $160,800

The weighted-average cost per unit = $8.04 ($160,800/20,000)

b) The weighted average method of recording inventory adds up the total units and costs of beginning and current period purchased or manufactured inventory.  The total costs are divided by the total units to obtain the weighted-average cost per unit.

3 0
2 years ago
The internal rate of return (IRR) is that discount rate that equates the present value of the cash outflows (or costs) with the
astra-53 [7]

Answer:

True

Explanation:

The internal rate of return is a measurement utilised in capital planning to appraise the productivity of potential investment. The internal rate of return is a markdown rate that makes the net present worth of all incomes from a specific task equivalent to zero. If the NPV  is zero the project is not feasible and if the NPV is zero or positive the investor should invest in that particular project

6 0
2 years ago
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