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
timofeeve [1]
3 years ago
7

PrimeFlix sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at

the beginning of the subscription period. On April 1, 2021, total sales of one-year subscriptions are $12,000.
What is the adjusted balance of Deferred Revenue on December 31, 2021?
$9,000.
$3,000.
$0.
$12,000.
Business
1 answer:
LUCKY_DIMON [66]3 years ago
5 0

Answer:

$3,000

Explanation:

Given that,

On April 1, 2021, total sales of one-year subscriptions = $12,000

Total number of months for which subscription is received = 12 months

Months Relating to year 2022 for which subscription received on 1 April 2021:

= From January 1, 2022 to March 31, 2022

= 3 Months

Deferred revenue is for the three months.

Therefore, the adjusted balance of Deferred Revenue on December 31, 2021 is as follows:

= Amount of subscriptions received × Time period

= $12,000 × (3 ÷ 12)

= $3,000

You might be interested in
For the following activity, indicate which of the objectives of managerial accounting activity is involved. In some cases, sever
Sladkaya [172]

Answer:

c. Motivating managers and other employees toward the organization's goals.

Explanation:

8 0
3 years ago
Job dissatisfaction is more likely to translate into​ ________ when employees feel or perceive they have many available alternat
Archy [21]

Answer:

D. turnover

Explanation:

Employee turnover refers to the number percentage or number of workers who leave a company and have to be replaced.  Employees leave an organization either voluntary or involuntary.  Involuntary turnover involves an employer terminating the services of an employee due to poor performance or other reasons. Employee turnover is measured per period, usually one year.

Voluntary turnover arises when an employee chooses to leave an organization on their own accord. The worker resigns or quits from his job. Various reasons, such as better job opportunities elsewhere, Job dissatisfaction, workplace conflicts, disengagement, and many others, may result in employees leaving an organization.

8 0
3 years ago
A local restaurant has prepared a new recipe for it's lunch menu which form of nonprice competition is this?
s344n2d4d5 [400]
Non price competition is competing against others when price isn't the driving force of differentiation. If a local restaurant repairs a new recipe for it's lunch menu it is using the physical characteristic form of non price competition. The restaurant is hoping to differentiate based on the quality and taste of their new lunch item compared with another restaurants. 
7 0
4 years ago
Read 2 more answers
How can you best protect your own intellectual property?
Studentka2010 [4]

Answer:

Explanation:

The four primary ways to protect intellectual property are:

Copyrights.

Trademarks.

Patents.

Trade secrets.

5 0
3 years ago
Dali Company has 15,000 shares of stock authorized on January 1. Dali issues 4,500 shares to the stockholders during the year an
olga2289 [7]

Answer:

3,000

Explanation:

Data provided in the question:

Number of shares authorized = 15,000

Number if shares issued = 4,500

Number of shares repurchased = 1,500

Now,

Total shares outstanding =  Shares issued - Shares repurchased

or

Total shares outstanding = 4500 - 1,500

or

Total shares outstanding = 3,000

Hence,

3,000 shares are outstanding at December 31

4 0
3 years ago
Other questions:
  • Emily, who lives in Indiana, volunteered to travel to Louisiana in March to work on a home-building project for
    14·1 answer
  • The following information is available for Waterway Industries: Sales $640000 Total fixed expenses $150000 Cost of goods sold 44
    13·1 answer
  • Wexler, Inc.’s income statement showed total expenses for the year to be $50,000. If the company’s revenues for the year were $1
    10·1 answer
  • Under the equity method, the receipt of cash dividends on an investment in common stock of vallerio corporation is accounted for
    13·1 answer
  • Which of the following poses a particular danger to motorcyclists and can compel them to change their position?
    11·1 answer
  • What is monetary policy involves decreasing the money supply.
    9·1 answer
  • Suppose purchasing power parity holds. If the price level in the United States is 100 dollars per good and the price level in Ja
    14·1 answer
  • Maxwell Washington's weekly gross earnings for the week ending March 9 were $2,620, and her federal income tax withholding was $
    12·1 answer
  • What are the six stages of the product adoption process?
    8·1 answer
  • Mr. Frohardt donated $40,000 toward future scholarships. The scholarships are to be paid according to the following schedule:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!