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seropon [69]
3 years ago
5

An automobile dealer sells service contracts. The contracts stipulate that the dealer will perform specific repairs on covered v

ehicles. The contracts vary in length from 12 to 36 months. Do the following increase when service contracts are sold?deferred revenue / service revenue
a. yes nob. yes yesc. no nod. no yes
Business
1 answer:
stiv31 [10]3 years ago
4 0

Answer:

a. yes no

Explanation:

At the time of contract the service revenue is not been realized because service is been perform and dealer made a promise to perform services in future. So the revenue will be deferred and will be earned or realized when service will be performed in the future. Deferred revenue will be effected and service revenue will not be effected at the time of contract.

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Income Statement Sections During the current year, David Corporation sold a segment of its business at a gain of $210,000. Until
Montano1993 [528]

Answer:

Answer is given below.

Explanation:

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8 0
3 years ago
Accounts receivable and notes receivable are shown as a(n) ____ company's balance sheet. A. liability
Andrew [12]
D) Account receivable and note receivable are showing in Expense
6 0
2 years ago
An ordinary annuity selling at $14,130.15 today promises to make equal payments at the end of each year for the next twelve year
lutik1710 [3]

Answer:

PMT = $1875.00

Explanation:

The annuity refers to a series of fixed payments made after an equal interval of time and for a definite time period. The formula for the present value of annuity is,

<u />

<u>For ordinary annuity</u>

PV of annuity = PMT * [(1 - (1+IN)^-n) / IN]

Plugging in the values for the available variables. We calculate the PMT to be,

14130.15 = PMT * [(1 - (1+0.08)^-12) / 0.08]

14130.15 = PMT * 7.536078017

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3 years ago
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Stolb23 [73]

Answer:

A programmer anticipated a positive whole number, and the user input a negative decimal value.

Explanation:

Edge : )

8 0
3 years ago
Read 2 more answers
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