Answer:
the entry is a provision in expenses: 96,000 debit (expenses provisions), 96,000 credit (liabilities accruals)
Explanation:
The total UPC codes that Wynn Company expects to redeem is 360,000. If 120,000 were redeemed, that 240,000 are pending to redeem. In terms of blocks, it means 80,000 pending to purchase and send to customers (240,000/3=80,000). The total net cost for those blocks is $96,000, as follows: total cost = 1.1+0.6-0.5=1.2 and then multiply for the number of blocks: 80,000*1.2 = $96,000. Finally, the entry is a provision in expenses: 96,000 debit (expenses provisions), 96,000 credit (liabilities accruals)
Debit Rent Expense is $8,000 whereas the credit Prepaid Rent is $8,000 of the above given accounting equation .
What is Deferred revenue ?
Money received for goods or services but not yet earned is referred to in accrual accounting as deferred income (also known as deferred revenue, unearned revenue, or unearned income). The revenue recognition principle states that it is recorded as a liability up to the time of delivery, at which point it is changed to revenue.
For instance, a business might get an annual software license payment on January 1 from a client who paid it in full. The business' fiscal year, nevertheless, concludes on May 31. Therefore, the business adopting accrual accounting only includes the fee in its revenues for the fiscal year it received the money, or five months' worth (5/12), of the fee. On the balance sheet for that year, the remaining amount is added to deferred income (liability).
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Answer:
do not worry for the interview you will got the job.
Answer:
I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.
I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).
Answer:
A) Eight
Explanation:
Since Brenda is a price taker, she will be able to hire bricklayers as long as her marginal revenue product (MRP) is higher than her marginal cost of hiring another bricklayer.
A bricklayer's wage per hour is $18.00:
- the first seven bricklayers provide a MRP of $22.25 which is larger than $18.00
- the eighth bricklayer provides a MRP of $18.50 which is still larger than $18.00
- but the ninth bricklayer provides a MRP of $17.75 which is lower than $18.00, so she shouldn't hire the ninth bricklayer.
