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Inessa [10]
4 years ago
8

$1,000 of cash was received in advance of performing services. By the end of the period, $300 had not yet been earned. (The Unea

rned revenue account was increased at the time of the initial cash receipt.) Demonstrate the required adjusting journal entry by selecting from the choices below.
Business
1 answer:
Marysya12 [62]4 years ago
5 0

Answer:

Explanation:

The adjusting entry is shown below:

Unearned revenue A/c Dr $700

        To service revenue A/c $700

(Being unearned revenue is adjusted)

The unearned revenue is computed below:

= Advanced cash received - unearned

= $1,000 - $300

= $700

To pass the adjusting entry we debited the unearned revenue account (current liability) and credited the revenue account

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Consider a $1200 investment for a new plant that is expected to have a Residual Value of $200 in five years. What is the Salvage
deff fn [24]

Answer:

$173

Explanation:

The computation of the salvage value at the end of year 5 is given below:

Cost of the asset $1,200

Multiply with the depreciation rate 5.76%

Book value at the 5 year end = $69

Resale value $200

gain on sales $131

Multiply with the Capital gain 21%

tax on gain $27

After tax gain on salvage value $173 ($200 - $27)

3 0
3 years ago
Corey has 4929 songs in his​ computer's music library. the lengths of the songs have a mean of 242.4 seconds and standard deviat
expeople1 [14]

Answer:

a. d. ​yes, because the plot is roughly a diagonal straight line

b. b the distribution is skewed to the right.

Explanation:

Note: Find attach the plot as picture

a. If the distribution of the song length is roughly Normal, the normal probability plot should be roughly a diagonal straight line. But the given normal probability plot is far from straight. So, the distribution of song lenghts is not normal

b. The distribution of song lenghts is skewed to the higher values, that is right skewed because the normal probability plot is curved and of inverted C shape

4 0
3 years ago
Global Trade Enterprises has a policy statement making it clear that it does not tolerate sexual harassment. It set up an employ
Korvikt [17]

Answer:

Option D is correct

Explanation:

Training all employees to identify inappropriate behavior that can be termed as sexual harassment in order to avert ignorance towards type of behavioral pattern which reduce frequency of report.

3 0
3 years ago
As a functional area of business, _____ measures, summarizes, and communicates financial and managerial information and advises
IgorLugansk [536]

Answer: Accounting

Explanation:  

 Accounting is one of the business process that helps in interpreting and identifying the various types of financial data in an organization or corporation.

 The main objective of the accounting is that it manage all the financial based performance in the company and also the cash flows system in the business.

 According to the given question, the accounting is known as the functional area that summarized the data or information and also give advises to the manager on the various types of financial based matters in an organization.  

 Therefore, Accounting is the correct answer.

3 0
3 years ago
Dollar Shave Club is an ecommerce start-up that delivers razors to its subscribers by mail. By doing this, Dollar Shave Club is
rosijanka [135]
<h3>Hello there!</h3>

Your question asks what innovation Dollar Shave Club is using to disrupt the existing market they're currently in.

<h3>Answer: C. Business model innovation</h3>

The reason why answer choice "C. Business model innovation" would be the correct answer is because this is what Dollar Shave Club is doing to get business.

With their business model, they're showing customers that even though there are many other shaving brands out there, they should choose them because of what they're offering to its customers.

Their business model is a $5 monthly subscription that sends the customer a package of shaving goods, while other shaving companies aren't doing what they're doing.

With their subscription, they're showing customers that they should choose their business out of the other shaving businesses out there.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
4 0
3 years ago
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