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pogonyaev
4 years ago
9

Item1 Time Remaining 2 hours 44 minutes 44 seconds02:44:44 Item 1Item 1 Time Remaining 2 hours 44 minutes 44 seconds02:44:44 On

April 1, Garcia Publishing Company received $19,080 from Otisco, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Garcia Publishing Company on December 31 of the first year
Business
1 answer:
Dvinal [7]4 years ago
8 0

Answer and Explanation:

The journal entry is shown below:

Unearned revenue $4,770

      To fees earned $4,770

(Being the adjusting entry is passed)

The calculation is shown below:

= Received amount ÷ total months × calculated months

= $19,080 ÷ 36 months × 9 months

= $4,770

Hence, the above entry should be recorded and the same is to be considered

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this is the percentage of each dollar of income, on average, that is spent for current needs and wants, rather than saved.
Finger [1]

Average propensity to consume (APC) counts how much money is spent each year versus saved.

What is Average propensity to consume (APC)?

Average propensity to consume (APC) counts how much money is spent each year versus saved. This might be done by a single person who is curious about where their money is going or by an economist who is interested in tracking the spending and saving patterns of a whole country. In all scenarios, the tendency to consume can be calculated by dividing average household spending by average household income. A high average propensity to consume is typically advantageous for the economy from a larger economic perspective. When customers have a high propensity to consume, they save less and spend more on products and services. This rising demand fuels economic development, corporate growth, and widespread employment.

To learn more about Average propensity to consume (APC)
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Complete Question

7 0
2 years ago
There are 6 cities (1-6) in Araxi County. The county must determine where to build fire stations. The county wants to build the
nikdorinn [45]

Answer:

a.

Look at the two attached figures please. The decision variables is the choice to build a fire station in which city.

So there are six decision variables each taking a value of either 0 or 1.

D1 = decision to build fire station in city 1, (1 denotes yes and 0 denotes no)

D2 = decision to build fire station in city 2, (1 denotes yes and 0 denotes no)

D3 = decision to build fire station in city 3, (1 denotes yes and 0 denotes no)

D4 = decision to build fire station in city 4, (1 denotes yes and 0 denotes no)

D5 = decision to build fire station in city 5, (1 denotes yes and 0 denotes no)

D6 = decision to build fire station in city 6, (1 denotes yes and 0 denotes no)

b.

Please look at attachment

C .

The figure 1 denotes the problem formulation in excel and shows all the formulas.

In first step, a matrix is prepared to denote all cities which are within 15 minutes by 1 and others by zero

A array of decision variables for selecting the city is shown. A 1 in cell implies that city is selected and 0 means the city is not selected.

A product of the selection variable and the value in the within 15 minutes matrix is calculated as shown by the formula.

The constraint is to ensure that all cities have at least one fire station mapped within 15 minutes.

d.

The problem is solved in Excel using integer programming and the solution is that City 2 and 4 should be selected for building fire stations and thus total no of fire stations are two with every city within 15 minutes.

Explanation:

3 0
3 years ago
If an investor places a ________ order, the stock will be sold if its price falls to the stipulated level. If an investor places
irga5000 [103]
<h2>Stop loss , Stop buy</h2>

Explanation:

Let us understand the term stop-loss order:  

· This is an “order sited” with the “broker to buy or sell” once the stock reaches a certain amount or price.

· This is “designed to limit” an investor's loss on a security point.  

· Fixing a stop-loss order for “20% below the price” the margin which you have bought the stock will “limit your loss to 20%”

Let us understand the term buy stop order:

It guides a “broker to purchase a security” when it reaches a strike price that is higher than the “current spot price”.

5 0
4 years ago
Joe Jackson operates a sole proprietorship, but he is in poor health and may be unable to continue running the business. If Joe
Marrrta [24]

Answer:

The business cease to exists unless sold or taken over by Joe's heirs.

Explanation:

Sole proprietorship is a term that describes the business enterprise which is owned or run by just one person known as the sole trader. In other words, sole proprietorship is a one man's business.

One of the major drawbacks of this kind of business is the fact that when a sole proprietor is sick or incapacitated, his/her business would suffer or cease to exist unless he/she sells it or allows family members (heirs) to take over its management or ownership.

8 0
3 years ago
\Stock A, an average stock, has an expected return of 10 percent. Stock B has a beta of 2.0. Portfolio P is a two-stock portfoli
miv72 [106K]

Answer:

KSHSAKEJHRHSAHJWKWNZBSNN

Explanation:

HDUDABEBFNFJZ

4 0
3 years ago
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