1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tangare [24]
3 years ago
6

Mary signed up and paid $600 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s accoun

ting records would indicate: Multiple Choice $200 of revenue, $400 of deferred revenue $400 of revenue, $200 of accounts receivable $600 of revenue, $600 of cash
Business
1 answer:
inessss [21]3 years ago
4 0

Answer:

$200 of revenue, $400 of deferred revenue

Explanation:

The journal entry to record the entry on August 1 is shown below:

Unearned revenue A/c Dr $200

         To Revenue $200

(Being the two-month revenue is recorded)

The computation is shown below:

= Six-month revenue × number of months ÷ total number of months

= $600 × 2 months ÷ 6 months  

= $200

The two months is calculated from June 1 to August 1  

The remaining balance would be transferred to the deferred revenue account

= $600 - $200

= $400

You might be interested in
J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a contribution margin of $12
Allushta [10]

Answer:

Net income= $98,200

Explanation:

Giving the following information:

Division A:

The contribution margin of $79,300

Division B:

Contribution margin of $126,200.

The total traceable fixed costs are $72,400 and total common fixed costs are $34,900.

<u>To calculate the net operating income, we need to deduct from the combined contribution margin the fixed costs.</u>

<u></u>

Net income= (79,300 + 126,200) - 72,400 - 34,900

Net income= $98,200

7 0
3 years ago
A fad is a product that is popular for an extended period of time.
Westkost [7]
This is false. a fad is a product that is popular for a SHORT amount of time .
7 0
3 years ago
Employees are a vital part of the success of a service based business, particularly because they are normally present and intera
g100num [7]

Answer:

true

Explanation:

employees play a significant role in the success of a service based business because they build an atmosphere of trust , confidence and loyalty among the customer by interacting with the customer while the service is being provided.

8 0
3 years ago
Majestic Homes' stock traditionally provides an 7% rate of return. The company just paid a $2 a year dividend which is expected
liberstina [14]

Answer:

$52

Explanation:

Data provided as per the question

Recent dividend = $2

Market rate of return = 8%

Growth Rate = 4%

(Its expected to increase so it will be (1 + 4%) = 1.4%

The computation of price is shown below:-

Price = Recent dividend × (1 + Growth rate ) ÷ (Cost of equity - Growth rate)

= ($2 × 1.04) ÷ (0.08 - 0.04)

= $2.08 ÷ 0.04

= $52

6 0
3 years ago
If romeo wants to encourage more innovation among his​ employees, he should​ __________.
almond37 [142]
Romeo could do several things to encourage innovation for example by showing inventions created by other departments of his enterprise or by people in other companies either having the actual item or showing a video of it, and also by rewarding those who come up with new innovations with prizes for example. Of course, innovative ideas or better ways of doing things would also be encouraged.
8 0
3 years ago
Other questions:
  • According to the text, for an entrepreneurial start-up to be successful, three ingredients are critical. What are they? Group of
    14·1 answer
  • Identify and discuss from your findings any three areas which may lead to failure for Toyota south Africa
    5·1 answer
  • What does the federal reserve board of governors control
    13·1 answer
  • Donald Transport assembles prestige manufactured homes. Its job-costing system has two direct-cost categories (direct materials
    14·1 answer
  • In a retail cash sales environment, which of the following controls is often absent?
    6·1 answer
  • Q 6.3: Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approxima
    8·1 answer
  • Broker A is involved in an exclusive right to sell listing with his seller client, Seller S. After receiving the property condit
    5·1 answer
  • ...hype me up ayeeee
    5·2 answers
  • Shaun oversees the marketing and sales activities for a company that sells products through its website. his job title is best d
    7·2 answers
  • If you are working remotely for a company without any hard and fast rules, what should you discuss with your manager?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!