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vlabodo [156]
4 years ago
11

A magazine publisher has an account called "Unearned Subscription Revenue." The transaction that causes the balance of this acco

unt to decrease is: Multiple Choice magazines are mailed to subscribers. magazines are printed for the publisher. subscriptions are sold to new subscribers. cash is received from new subscribers.
Business
1 answer:
const2013 [10]4 years ago
6 0

Answer:

The correct option is (A), magazines are mailed to customers

Explanation:

Unearned revenue refers to the income earned in advance against which service has not been rendered yet. Fees earned in terms of subscription is often considered as unearned revenue as subscription fees is received in advance before magazines are dispatched or mailed to customers.

Unearned subscription revenue account decreases as and when magazines are mailed to the customers as service is rendered against the revenue earned in advance.

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Diamond Company is considering investing in new equipment that will cost $1,400,000 with a 10-year useful life. The new equipmen
Rom4ik [11]

Answer:

6.1 y

Explanation:

Diamond Company

New equipment÷(Annual net income +Depreciation expense)

New equipment$1,400,000

Annual net income $90,000

Depreciation expense $140,000

$1,400,000 ÷ ($90,000 + $140,000)

=$1,400,000÷$230,000

= 6.1 y

Therefore the cash payback period will be 6.1 years

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3 years ago
Why beer, wine and liquor may trigger different emotions?
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Because of there nerves in there brain man o-o
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3 years ago
Knowing how to report injuries/illnesses, seeing the annual summary, and what else are all worker rights related to injury and i
GREYUIT [131]
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7 0
3 years ago
Process operations is defined as a manufacturing process that includes: (Check all that apply.) Multiple select question. large
mixer [17]

The process operations are treated as the manufacturing process that involved the high standardization level, and the series of the sequential process.

The information related to the process operations is as follows:

  • It refers to the method or action or the operation that involved the storage or handling of the material prior, during, or after the manufacturing.
  • It involved the greater standardization level, and the sequential process series.

Therefore we can conclude that the process operations are treated as the manufacturing process that involved the high standardization level, and the series of the sequential process.

Learn more about the manufacturing here: brainly.com/question/14275016

5 0
3 years ago
LO 4.6Why is the manufacturing overhead account debited as expenses are recognized and then credited when overhead is applied?
Klio2033 [76]

Answer:

Explanation:

Manufacturing overhead records all the expenses like salaries payable which come under indirect labor. Manufacturing overhead includes all those indirect costs which are related to the factory-like - factory rent, factory repairs, depreciation on factory equipment, property taxes

For recognized expense, the journal entry would be

Factory overhead A.c Dr

        To Expenses A/c  

(Being expense recognized)

Since the cost is actually incurred so this above entry should be made

And, the journal entry for applied overhead is shown below

Work in progress inventory A/c Dr XXXXX

      To Factory overhead A/c XXXXX

(Being overhead applied is recorded)

Since applied overhead is based on predetermined overhead rate so we credit the factory overhead and debit the work in progress inventory

7 0
4 years ago
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