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storchak [24]
3 years ago
10

On September 1, 2011, Cooking with Tarla sold 600 one-year magazine subscriptions for $81 each. Subscriptions start immediately.

The total amount received was recorded as Unearned Subscriptions Revenue. Which of the following accounts and amounts will appear on the unadjustedtrial balance at December 31, 2008? A) Unearned Subscriptions Revenue, $48,600 credit balance B) Subscriptions Revenue, $16,200 credit balance C) Unearned Suscriptions Revenue, $16,200 credit balance D) Suscriptions Revenue, $32,400 debit balance E) None of the above
Business
1 answer:
Yuki888 [10]3 years ago
5 0




Revenue is recorded for September, October, November and December of $4,050 each month for a total of $16,200 in the calendar year of 2011, which leaves an Unearned Subscription Revenue Liability on the balance sheet on 12/31/2011 of $32,400.

So revenue earned is a credit balance of $16,200, which is B.
The remaining liability (credit) balance in Unearned
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A company is considering the purchase of a new piece of equipment for $117,200. Predicted annual cash inflows from this investme
monitta

Answer:

3.79 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $117,200

In year 1 = $53,000

In year 2 = $21,500

In year 3 = $26,500

In year 4 = $20,500

In year 5 = $23,000

If we sum the first 3 year cash inflows than it would be $101,000

Now we deduct the $101,000 from the $117,200 , so the amount would be $16,200 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $20,500

So, the payback period equal to

= 3 years + $16,200 ÷ $20,500

= 3.79 years

In 3.79 years, the invested amount is recovered.  

8 0
3 years ago
Calip Corporation, a merchandising company, reported the following results for October: Sales $413,000 Cost of goods sold (all v
krok68 [10]

Answer:

$243,900

Explanation:

Calip corporation reported the following results for the month of October

Sales= $413,000

Cost of goods sold= $169,100

Total variable sling expenditure= $20,700

Total fixed selling expense= $17,900

Total variable administrative expense= $13,100

Total fixed administrative expense= $30,400

The contribution margin can be calculated by subtracting the total cost of goods sold from the sales

= $413,000-$169,100

= $243,900

Hence the contribution margin for October is $243,900

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3 years ago
Why did credit unions survive the last financial crisis better than banks?
masya89 [10]

Answer: they had more security

Explanation:

5 0
3 years ago
During June, Lionel Magazine sold for cash an advertising space for $1200 total to be run in the July through December issues. O
daser333 [38]

Answer:

Lionel Magazine

The Adjusting Journal Entry to record on July 31 for the first month of the advertising space sold includes a:

Debit to the Unearned Revenue account with $200

and

Credit to Earned Advertising Revenue account with $200

This will reduce the Unearned Revenue account by $200 being the amount for July (one month) and at the same time, increase the Earned Advertising Revenue account by $200.

Explanation:

a) Data and Analysis:

Unearned Revenue $200 Earned Revenue $200 ($1,200/6)

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3 years ago
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loris [4]

Answer:

insiders can cheat the market.

Explanation:

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