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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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Solution :

It is given that :

Amount of investment or the principle amount , P = $ 100

Time of investment , t = 6 years

Rate of interest compounded annually r = 6 %

Therefore the future amount of this investment in a 6 year time is given by,

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$FV=100(1+\frac{6}{100})^6

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Therefore, after 6 years the investment of $ 100 will give an amount of $ 141.

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nlexa [21]
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3 years ago
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Answer:

The correct option here is A) marginal cost exceeds marginal revenue

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To determine a product selling price based on the total cost method, management should include: Multiple Choice Total product an
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If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.

<h3>What is total cost method?</h3>

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Find out more on the total cost method at brainly.com/question/6480601.

4 0
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