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
In a company's standard costing system, direct labor-hours are used as the base for applying variable manufacturing overhead cos
BARSIC [14]

Answer:

From this information one can conclude that last period the variable overhead efficiency (quantity) variance was <u>unfavorable.</u>

Explanation:

The variable overhead efficiency variance measures the difference between the actual and budgeted hours worked with respect to standard variable overhead rate per hour.

Variable overhead efficiency variance can be calculated thus:

Actual labor hours less budgeted labor hours x Hourly rate for standard variable overhead

If the time it takes to manufacture a product and the time budgeted for it matches or performs well, the labor efficiency is favorable.

Variable overhead efficiency variance is deemed unfavorable when it takes the company more time than budgeted to produce. This also shows labor efficiency variance was unfavorable.

4 0
3 years ago
Year P (bikinis) Q (bikinis) P (Speedos) Q (Speedos)
mojhsa [17]

Answer:

$2,950

Explanation:

assuming that year 2000 is the base year:

real GDP for 2003 = (bikini price 2000 x bikini quantity 2003) + (speedos price 2000 x speedos quantity 2003) = ($75 x 30) + ($50 x 14) = $2,950

base year's prices become the real prices of the economy, and any change in real GDP is given by changes in output

4 0
3 years ago
Adrienne has several receipts from recent transactions that she entered in her records. The receipts include an ATM receipt for
madreJ [45]
I think it's "Adrienne did not enter her ATM withdrawal correctly"
8 0
3 years ago
Read 2 more answers
The author of article "The Pentagon’s Virtuous Insurgency" asserts that there are four key takeaways from the conference discuss
r-ruslan [8.4K]

Answer and explanation:

Here is one of the key notes,

Even the Department of Defense recognizes that getting things done quickly now requires working around the system.

From the article it was stated that bureaucratic processes are agonizingly slow and this problem is being addressed by new defense department organization. These two organizations are the Defense Digital Service and Defense Innovation Unit Experimental.

5 0
3 years ago
Ecyzey541 Corporation manufactures and sells 16,200 units of Product Beautiful each month. The selling price of Product Beautifu
Murrr4er [49]

Answer:

Effect on income= $57,200 decrease

Explanation:

Giving the following information:

Units sold= 16,200

Unitary contribution margin= (32 - 26)= $6

Avoidable fixed costs= $40,000

<u>To calculate the total financial effect on income each month, we need to use the following formula:</u>

Effect on income= avoidable fixed costs - total contribution margin

Effect on income= 40,000 - (16,200*6)

Effect on income= -$57,200

6 0
2 years ago
Other questions:
  • Depreciation is a _____, a cost that cannot be affected by any future action.
    10·2 answers
  • Bankruptcy is a process when a lender tries to obtain money from an individual's employer to pay an unpaid debt.
    9·2 answers
  • Rendezvous Cafe's suit against Sanitary Waste Services, Inc., the court issues a judgment in Rendezvous's favor. The judgment ca
    12·1 answer
  • “If the minimum wage rate is higher than the equilibrium wage rate, fewer people will be hired because the cost of labor is too
    11·1 answer
  • An investment adviser has adopted an external business succession plan. Who is responsible for servicing the IA's client account
    8·1 answer
  • Which of the following is not a step in product design?
    15·1 answer
  • Great Subs Inc., a regional sandwich chain, is considering purchasing a smaller chain, Eastern Pizza, which is currently finance
    9·1 answer
  • The marginal revenue product schedule is: * 1 point A) the same whether the firm is selling in a purely competitive or imperfect
    11·1 answer
  • Compute the current ratio and acid-test ratio for each of the separate cases. Camaro GTO TorinoCash $ 2,000 $110 $1,000Short-ter
    5·1 answer
  • The pair of items that is likely to have the largest positive cross-price elasticity of demand is:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!