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
In the storming stage of team development, team members will have accepted team goals, be operating as a unit, and, as indicated
yKpoI14uk [10]

Answer:

B) False

Explanation:

The storming stage is the second stage of team development. At this stage, the group members should start gaining each other's trust. They are generally more willing to open up and express their views and opinions. Sometimes conflicts can result from different members' opinions, and power struggle occur within the team.

4 0
3 years ago
In order to compute equivalent units of production using the FIFO method of process costing, work for the period must be broken
Artist 52 [7]

Answer:

The correct option here is C) units in the beginning work in progress period which were completed , units which were started and completed, and units in ending work in progress.

Explanation:

FIFO ( First in first out ) method is used to take out the cost per unit when doing process costing, in this method it is assumed that the inventory which were not finished during the beginning of period would be first completed and then new shall be started.

To take out the equivalent cost per unit under the FIFO method we will add the units which were completed in the beginning plus units which were started and completed during the period and plus the units which are left in ending work in progress.

5 0
3 years ago
Introduction to Early Childhood
Ipatiy [6.2K]

C is the right answer because since the National Association for the education of young children has to respect and support their colleagues

7 0
3 years ago
Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance
Anton [14]
<span>Given that Suri owns 100 shares in opq oil company. after looking at the firm's latest annual report, she feels good about the performance of the company, so she tells her broker to buy 100 more shares but to pay no more than $33 a share.

Suri just issued her broker a limit order.

</span><span>A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.</span>
3 0
4 years ago
Anne mcnair is planning to take a course in business communications. her studies are likely to involve two-way exercises that en
natta225 [31]
That statement is True.
<span>two-way exercises always brought a more positive result for any types of the education process.
In order to make the education process become efficient, it is important for the learners to keep an open mind and not afraid to ask answers for the things that they couldn't understand and it is important for the speaker to have a deep knowledge regarding the subject</span>
3 0
3 years ago
Other questions:
  • ​Piper, Inc. reported sales of $ 348000.00​; beginning net Accounts Receivable of $ 89000.00 and ending net Accounts Receivable
    15·1 answer
  • Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% g
    8·1 answer
  • Ann wants to buy a building. The annual NOI for the building will be $165,000. She wants to get a 20 year interest only fixed ra
    14·1 answer
  • What is a good online website for a highschool student to do 40 hours volunteering?​
    6·1 answer
  • Which activity is done in Step 2 of comparison shopping?
    14·1 answer
  • 7. The fact that Megan Grassell exceeded her funding goals is a good indication that her product will be popular.
    15·1 answer
  • Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcom
    5·1 answer
  • Prine Company purchased equipment on January ​1, 2018​, for $ 25 comma 000. Suppose Prine Company sold the equipment for $ 3 com
    6·1 answer
  • Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
    7·1 answer
  • What economic goal does the Securities and Exchange Commission (SEC) help the government achieve the most
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!