Answer:
Debit unearned fees $516 and credit fees earned $516
Explanation:
In this question , we are asked to state the adjusting entry that should be recorded by Garcia publishing on 31st December of the year.
To solve this, firstly, we need to calculate the amount of subscription per year.
From the question, we can identify that 1,548 was received for 36 months. This means that the amount received per month will be; 1548/36 = $43
Now since we are to calculate for 12 months, this is going to be at a cost of 12 * 43 = $516
If we recall, the unearned revenue was credit, now we will need to debit it. This means that we will be crediting fees earned account.
Thus, the adjusting entry will be;
Debit unearned fees $516 and credit fees earned $516
Answer:
Option "D" is the correct answer to the following statement.
Explanation:
The cash coverage ratio helps find the available cash in hand or cash at the bank to pay for the expenditure of a loan. The ratio must be considerably higher to 1: 1, it shows our potential to pay interest. In this situation Option "D" has the highest Cash coverage ratio.
The debt-equity ratio is used to find the firm's credibility.
Answer:
Business cycle
Explanation:
The business cycle also refers to as the rise and fall of economic activity through periods of expansion and recession.
Answer:
4.5
Explanation:
The average operating assets is $580,000
The sales from last year is $196,000
The controllable margin was $26,000
Therefore the ROI can be calculated as follows
= 26,000/580,000
= 0.045×100
= 4.5
Hence the ROI is 4.5%