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s344n2d4d5 [400]
3 years ago
8

On May 1, Sellers Marketing Company received $1,500 from Franco Marcelli for a marketing campaign effective from May 1 of the cu

rrent year to April 30 of the following year. The Cash receipt was recorded as unearned fees and at year-end on December 31, $1,000 of the fees had been earned. Assuming adjustments are only made at year-end, the adjusting entry on December 31 would be:
Business
1 answer:
GenaCL600 [577]3 years ago
8 0

Answer:

Date            Account titles and explanations              Debit      Credit

December 31              Unearned fees                             $1,000  

                                     Earned fees                                          $1,000

Explanation:

Revenue is only registered when it is undoubtedly received, because of the concept of income recognition. The sum of $1500 is unearned money, because it is merely a credit to deliver the service. $1000 will be registered as salaries at year-end, and the same amount will be deducted from unearned revenue.

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how fiscal policy can be used to slow down an economy that is growing at a rate faster than what is sustainable in the long-term
otez555 [7]

Answer:

The answer is by increasing tax rate or reducing its spending or both.

Explanation:

Fiscal policy is the use of government spending and government revenue (tax) to control the economy.

If the economy is growing at a faster rate than what it can sustain in the long run, it means the economy is overheating. All the participants (firms, households, government) are spending heavily.

The government can slow it down by increasing the tax rate of both the households and business. With this, the disposable income of households will reduce and will have lesser money to spend and business profit too will reduce and this will reduce their spending on investments.

Or by reducing its own spending on infrastructure or both at the same time.

5 0
3 years ago
Frannie Fans currently manufactures ceiling fans that include remotes to operate them. The current cost to manufacture 10,300 re
DerKrebs [107]

Answer:

Explanation:

this is called make or buy decision, in this prblem we consider the that are directly related to product which can be avoided by purchasin g from other supplier instead producing it, fix cost irrelevant cost because they will occur whether or not company make production of items.

lets solve the problem as follows

Total Variable Cost :

Material                                66950

Labor                                    56650

Variable O.H                        30900

Total                                     154500

Remotes =  10300

Cost per unit Excluding fix cost=  154500/10300 = 15

Cost per unit Including fix cost=  206000/10300 = 20

1.cost between making and buying the remotes if none of the fixed costs can be avoided

Making Cost =                20

Buying Cost  =                18  

Differrence   =                 2

Net income If purchase from outside = 2*10300 = 20600

2. if $20,600 of the fixed costs can be avoided.

Total Cost       =  206000    

Cost avoided   =  -20600

Net Cost          =   185400

Cost per units = 185400/10300 = 18

the cost of making and buying is equal due to decrease fix cost by 20600.

Change in net income = 20600

3.

Rental Income = 20600

Fix Cost save  =20600

                           41200

5 0
4 years ago
Opportunity cost is ultimately about<br> choice<br> income<br> economic value<br> cost
Y_Kistochka [10]

Answer:

choice

Explanation:

please give brainliest

3 0
3 years ago
What is the Dodd-Frank act do?
drek231 [11]
<span>A.prevents, detects, and prosecutes international
money laundering</span>
5 0
4 years ago
While preparing a assessment of your job performance the previous year, you are required to list three goals for the coming year
Kisachek [45]

Answer:

Realistic

Explanation:

The  acronym "SMART" stands for Specific. Measurable, Achievable, Realistic and Timely. These are criteria that  goal setting should adhere to, to ensure that the goal is achieved.

The criteria Realistic in "SMART"  emphasizes that a goal that is been set should  be realistic and  achievable  given the available resources and time.

The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.

4 0
3 years ago
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