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
Wendell Company provided the following pertaining to its recent year of operation:
myrzilka [38]

Answer:

Option (B) is correct.

Explanation:

Wendell's total stockholders' equity increase during the recent year of operation:

= Issued common stock - Cash dividend declared + Net Income - Stock dividend distributed + Sale of treasury stock below cost

= $50,000 - $20,000 + $70,000 - $23,000 + $7,000

= $84,000

Therefore, Wendell's total stockholders' equity increase by $84,000.

3 0
3 years ago
A company purchased a piece of equipment for $350,000 in 2008. As of 12/31/2015, $215,000 of depreciation expense had been recog
zhuklara [117]

Answer:

The equipment's net book value on 12/31/2015 is $ 135000.

Explanation:

Net book value of the equipment on 12/31/2015 is given by:

Net book value = cost of the equipment - depreciation expense recognized until 12/31/2015

                          = $ 350000 - $ 215000

                          = $ 135000

Therefore, the equipment's net book value on 12/31/2015 is $ 135000.

7 0
3 years ago
BP ignored some safety regulations in order save $1 Million per day on the Horizon Deep Water Drilling Platform. How much did th
aleksklad [387]

Ignoring some safety regulations in order save $1 Million per day. The amount that  those violations end up costing the company is $100 Billion.

<h3>What is safety regulation?</h3>

Safety regulation can be defined as a set of rules and regulation that an employees are mandated to follow so as to prevent work hazard.

Based on the given scenario ignoring the safety regulation so as to save $1 million per day  will cost the company $100 Billion.

Which is why companies made it compulsory for employees to follow the saftey standard set so as to ensures that employees work in a safe and conducive environment .

Inconclusion the amount that  those violations end up costing the company is $100 Billion.

Learn more about Safety regulation here:brainly.com/question/8430576

4 0
1 year ago
As a Marketing Manager of a Multinational Company Imran &amp; Co., which will manufacture Detergent; draft a detailed Marketing
iragen [17]

Answer:

NZXCVJIGH80BGRG

Explanation:

4 0
2 years ago
Last year Bold and Best accounted for 56.5% of Baldwin's sales. Over the next few years, what should worry Baldwin's management
DaniilM [7]

Answer:

Explanation:

4 worries about Bold and Best (BB) are:

- Demand for BB may fall in the next few years, as customers are now less interested in purchasing BB or there is another substitute product for BB which is available in the market.

- Input costs/Production cost for BB may rise in the next few years, may be because of shortage of raw materials.

- The decline in BB sales may affect Baldwin's profitability as a whole because BB's revenue is currently the largest portion of the total revenue.

- Real purchasing power of customers fall because of a rise in expected inflation in the economy, which will lead to a fall in sales of BB.

6 0
3 years ago
Other questions:
  • The failure to record a purchase of mer chandise on account even though the goods are properly included in the physical inven to
    15·1 answer
  • A publicly owned corporation is a company whose shares are held by the investing public, which may include other corporations as
    14·1 answer
  • Business what kind education do you need
    15·1 answer
  • In 2008, at the depth of the great recession, the fed moved toward a zirp policy when it aimed to keep the federal funds rate be
    5·1 answer
  • You own a portfolio that has $3,100 invested in Stock A and $4,200 invested in Stock B. Assume the expected returns on these sto
    13·1 answer
  • Payne, Inc., a nonpublicly traded company, implemented a defined benefit pension plan for its employees on January 2, year 2. Th
    9·1 answer
  • Terp Bank obtains a relatively large portion of its funds from conventional demand deposits as it creates many branches with man
    9·1 answer
  • X Corporation and its two divisions, Domestic and Foreign, appear below:
    10·1 answer
  • PLEASE HELP ME ILL MAKE YOU BRAINLIEST
    9·2 answers
  • if people demand more netflix subscriptions when the price of hulu subscriptions falls, then netflix and hulu are:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!