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Harrizon [31]
3 years ago
11

Adjustments for unearned revenues: Select one: a. decrease liabilities and increase revenues. b. increase liabilities and increa

se revenues. c. increase assets and increase revenues. d. decrease revenues and decrease assets.
Business
1 answer:
Mnenie [13.5K]3 years ago
8 0

Answer:

(D) decrease revenues and decrease assets

Explanation:

Since the revenue is unearned, its entry in the books needs to be reversed.

When a revenue was recorded in the books, the like journal entry would have been.

Debit Cash/Bank/Receivables Account (thus increasing asset)

Credit Revenue Account (thus increasing revenue)

There, reversing the entry will involve decreasing revenue and decreasing asset.

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Opinion: Based on marginal analysis that examines costs and benefits, why do some people choose NOT to eat organic food?
Katyanochek1 [597]

Non-organic food is cheaper, and often has brand names, which appeal to the consumer more than an organic brand does.

3 0
3 years ago
Read 2 more answers
A business will want to borrow to undertake an investment project when the rate of return on that project is:
pychu [463]

Answer:

B) higher than the interest rate.

Explanation:

In the case when the business wants to borrow for a project so the rate of return would be greater than the rate of interest

And in the case when the rate of interest is lesser than the expected return so the investment would look attractive due to this there is a rise in the borrowing for that investment

Hence, the option b is correct

3 0
3 years ago
With the introduction of robotics to automotive manufacturing, there have been sweeping changes to the automotive assembly line,
9966 [12]

Answer:

An assembly line worker with 10 years of screwing together truck panels and a high school diploma

Explanation:

The assembly worker is involved in manual work and he is most likely to lose his job due to automation. Also, since he is just a high school diploma holder, he lacks better skills to switch to higher level jobs.

3 0
3 years ago
Read 2 more answers
A. Define supply as an economist would. B. List and explain three (3) non-price factors that will shift the supply curve. C. If
Paladinen [302]

Answer:

A: Refer the detail below

B: Refer the detail below

C: Refer the detail below

Explanation:

A. Definition of Supply

Supply is an economic term that refers to the quantity of a given product or service that suppliers are willing to offer to consumers at a given price level at a given period. Supply is positively related to price given that at higher prices there is an incentive to supply more as higher prices may generate increased revenue and profits

B. Non-price factors that will shift the supply curve

1. Producer input costs

2. producer expectation

3. The number of sellers.

C. Impact of Fountain Pens market

If the cost of production of fountain pens falls, producers can produce more goods by using the same amount of money. Therefore, the supply will increase and the supply curve will shift to the right.

5 0
3 years ago
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000
Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity                                                      $ 145,000

Net Income for the year                                        $ 45,000

Revenues     $ 210,000

Expenses     $ 165,000

Equity at end of year                                            $  190,000

The accounting equation is

Assets = Liabilities + Stockholders' Equity

Assets = $ 92,000 + $ 190,000                           $ 282,000

4 0
3 years ago
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