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frez [133]
3 years ago
5

Warner Company received $48,000 cash in advance for services to be performed over the one-year period from September 1, 2015 thr

ough August 31, 2016. Using a horizontal financial statements model, which of the following statements does not correctly reflect the effect of this transaction when Warner Company collects the cash?
a. Assets are increased.
b. Liabilities are increased.
c. Revenue is increased.
d. Cash flow from operating activity is increased.
Business
1 answer:
KengaRu [80]3 years ago
5 0

Answer:

c. Revenue is increased.

Explanation:

Cash Received in advance from customer for future services will be a liability it will increase the assets as increase in cash, increase the liability as unearned revenue and increase in cash flow from operating activities as cash received from as customer. So c. Revenue is increased. does not correctly reflect the transaction.

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You can save $1,000 per year for the next six years in an account earning 10 percent per year. How much will you have at the end
kicyunya [14]

Answer:

At the end of the sixth year, you will have:

= $8,487.17.

Explanation:

a) Data and Calculations:

Annual savings = $1,000

Interest rate per year = 10%

Period of savings = 6 years

First deposit = today

From an online financial calculator:

N (# of periods)  6

I/Y (Interest per year)  10

PV (Present Value)  0

PMT (Periodic Payment)  1000

 

Results

FV = $8,487.17

Sum of all periodic payments $6,000.00

Total Interest $2,487.17

8 0
3 years ago
Cynthia​ Knott's oyster bar buys fresh Louisiana oysters for ​$4 per pound and sells them for ​$8 per pound. Any oysters not sol
Doss [256]

Answer:

128 pounds

Explanation:

Cost of buying of Louisiana oysters = $4 per pound

Cost of selling of Louisiana oysters = $8 per pound

selling cost of oysters not sold = $2

Mean = 120 pounds

Standard deviation, s = 18 pounds

Thus,

Cost of actual Utilization (Co) = $8 - $4 = $4

Cost of Under utilization (Cu) = $4 - $2 = $2

Now,

Probability of sale =  \frac{\textup{Co}}{\textup{(Cu+Co)}}

=\frac{\textup{4}}{\textup{(2+4)}}

= 0.67

also,

z score at above probability (0.67) = 0.44        [from standard z-table]

hence,

Cynthia should order = mean + z × s

= 120 + 0.44 × 18

= 120 + 7.92

= 127.92 ≈ 128 pounds

5 0
3 years ago
According to the insurance institute for highway safety injuries the most common injury in the US due to front or rear crashes c
vfiekz [6]

Answer:

6

Explanation:

The Insurance Institute for Highway Safety (IIHS) is known to be an independent body or organization. It is a nonprofit scientific and educational organization solely aimed to reducuction of the losses and deaths, injuries and property damage as a result from motor vehicle crashes. In US, due to front or rear crashes cost more than 6 billion dollars a year is being spent on injury.

5 0
3 years ago
When marvel launched several successful series on netflix, including jessica jones, the defenders, iron fist, and luke cage, it
hodyreva [135]

When marvel launched several successful series on Netflix, including Jessica jones, the defenders, iron fist, and Luke cage, it employed a Product development strategy.

<h3>What is meant by a product development strategy?</h3>

This is the term that is used to tell us of the different ways that the new products would be brought into a new market. It is used to tell us of the methods and the actions that were adopted in order to get the products successfully into the market.

Hence we can say that When marvel launched several successful series on Netflix, including Jessica jones, the defenders, iron fist, and Luke cage, it employed a Product development strategy.

Read more on product development here

brainly.com/question/7035196

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6 0
2 years ago
Pharoah Company, a computer services company, entered into these transactions during May 2017, its first month of operations. St
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sorryyyyyyyyyyyyyyyyyyyy

4 0
3 years ago
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