1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
devlian [24]
3 years ago
11

sells subscriptions for $ 120 for 30 issues. The company collects cash in advance and then mails out the magazines to subscriber

s each month. Apply the revenue recognition principle to determine a. when Boston Magazine should record revenue for this situation. b. the amount of revenue Boston Magazine should record for seven issues. a. Boston Magazine should record revenue when ▼ the subscribers. b. Boston Magazine should record $ 28 for seven issues.
Business
1 answer:
s344n2d4d5 [400]3 years ago
3 0

Answer:

Boston Magazine should record revenue when the magazines are delivered  to the subscribers

Boston Magazine should record $28 for seven issues

Explanation:

Revenue should recognized when earned and not when it is received.It is earned when the seller fulfills his obligation by delivering the promised good or service to the buyer.

Hence, the revenue received in  advance should be credited to revenue received in advance account until it is earned

The cost per issue of magazine is $4 ($120/30),so as a result,seven issues would be $28($4*7)

The double to record the seven issues is as follows:

Dr Revenue in advance $28

Cr Revenue                            $28

Henceforth,the value of magazines delivered each is debited to revenue in advance and credited to revenue to show the amount of revenue earned each month

You might be interested in
Tim's Tools just issued a dividend of $2.22 per share on its common stock. The company is expected to maintain a constant 2.8 pe
LekaFEV [45]

Answer:

expected return = 12.03%

Explanation:

using the dividends growth model we can calculate the required return

\frac{divends}{return-growth} = Intrinsic \: Value

2.22 x 1.03 = 2.2866

We must remember that the gordel model is used with next year dividends

2.2866(return - 0.023) = 19

2.2866/19      +0.023 = return

return = 12.03%

4 0
3 years ago
Neutrino Industries stock trades at $49 per share and there are 120 million shares outstanding. The management would like to rai
Gelneren [198K]

Answer:

Neutrino Industries must sell <u>8.68 million shares</u> to raise $400 million.

Explanation:

To calculate this, let B represents the number of shares Neutrino Industries must sell. Therefore, we have:

Gross proceeds = $49 * B, or $49B

Underwriter charges = 6% * $49B = $2.94B

To raise $400 million, we deduct the underwriter charges from gross proceeds and solve for B as follows:

$49B – $2.94B = $400,000,000

$46.06B = 400,000,000

B = 400,000,000 / 46.06

B = 8,684,324.79 shares, or 8.68 million shares.

Therefore, Neutrino Industries must sell <u>8.68 million shares</u> to raise $400 million.

4 0
3 years ago
The price elasticity of supply is affected by
valentina_108 [34]

Answer:

B. the passage of time. 

Explanation:

Price elasticity of supply measures how sensitive quantity supplied are to changes in price.

Price elasticity of supply is determined by the passage of time.

Typically, in the short run, the elasticity of supply is usually inelastic. Prices do not usually impact quantity supplied because in the short run, some of the factors of production are fixed. But in the long run, the price elasticity of supply are more elastic.

The other factors listed above in the options affect the price elasticity of demand.

4 0
3 years ago
Discuss how new technologies make it easier to learn. how do they facilitate transfer of training?
svetoff [14.1K]

Utilizing a variety of learning media, from text and picture to video and audio, is another technique to aid in the transfer of learning to new situations. According to research, using text, visuals, and narrative might enhance learning transfer and keep your cognitive resources from getting overworked.

<h3>Definition of transfer:</h3>

Transfer is defined as moving or shifting from one person, location, or circumstance to another to cause anything to be passed from one to another convey modify, alter.

<h3>What is purpose of transfer?</h3>

Employees may be transferred to jobs where they will likely be more effective or experience higher levels of job satisfaction. No changes are made to the role, title, status, or pay during transfers. It is a process of the employee adjusting to the job, the time, and the location.

To know more about Transfer visit:

brainly.com/question/20114693

#SPJ4

3 0
1 year ago
A 7-year, $1,000 par bond has an 8% annual coupon and is currently yielding 7.5%. The bond can be called in 3 years at a call pr
AVprozaik [17]

The Yield to call is 7.30%

Par value of Bond (FV) = $1,000

Annual Coupon (A) = 8%*1,000 = $80

Years until maturity = 8

Current YTM = 7.5%

We need to calculate the Current Price of Bond (PV)

PV = 80 * (P/A, 0.075, 7) + 1000 * (P/F, 0.075, 7)

PV = $1,026.48

Call Price = $1,010

Call Period = 3 years

Yield to call = ytc

1026.48 = 80* (P/A, ytc, 3) + 1010 * (P/F, ytc, 3)

Using the <em>trail and error </em>method,

Yield to call = 7.30%

In conclusion, the Yield to call is 7.30%

Read more about Yield to call

<em>brainly.com/question/25928027</em>

5 0
2 years ago
Other questions:
  • Is the summary of transactions for the month of June, the same as the general journal entries for the same month
    8·1 answer
  • A premium is _____.
    10·2 answers
  • Having never been to singapore, you should still be able to tell me the % of work force involved in primary and secondary activi
    12·1 answer
  • Quantitative Problem: You need $11,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortiz
    12·1 answer
  • The presence of a sales tax means that people pay a tax on most everyday things they buy, such as clothes and groceries. In the
    11·1 answer
  • NeXL
    8·1 answer
  • Silviocoto say hi plz do it
    11·2 answers
  • A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarian
    11·1 answer
  • One of the biggest dangers concerning the manipulation of our natural needs by advertisers is with ______.
    14·1 answer
  • The first step in strategy implementation involves articulating in simple language what a particular business must do to create
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!