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Tcecarenko [31]
3 years ago
6

On April 1, Otisco, Inc. paid Garcia Publishing Company $2,088 for 36-month subscriptions to several different magazines. Otisco

debited the prepayment to a Prepaid Subscriptions account, and the subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Otisco, Inc. after adjustments on December 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made
Business
1 answer:
BartSMP [9]3 years ago
4 0

Answer:

$1,566

Explanation:

The computation of the amount that should be appear after the Dec 31 adjustment is shown below:

But before that monthly amount paid would be determined

= $2,088 ÷ 36 months

= $58

Now the remaining months is

= 36 months - 9 months

= 27 months

So, the amount that could appear is

= $58 × 27 months

= $1,566

hence, the amount should be $1,566

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Assume that aggregated fact table B is based on the detailed fact table A. Which of the following is FALSE
jeyben [28]

The false statement is E) Table B has more records than Table A

A detailed table is one in which a single record refers to a single fact while in the case of an aggregated table, a single record may refer to more than one fact. In the given case Table B is aggregated table that's why it is not possible that it has more records than table A.

A truth table shops quantitative facts for analysis and is regularly denormalized. A fact desk works with size tables. A reality desk holds the facts to be analyzed, and a measurement table shops facts about the methods in which the statistics in the fact table can be analyzed.

Tables are database items that incorporate all of the records in a database. In tables, records are logically prepared in a row-and-column format much like a spreadsheet. Every row represents a unique record, and every column represents a field inside the report.

Your question is incomplete. Please read below to find the complete question.

Assume that aggregate fact Table B is based on the detailed fact table A. Which of the following is false?

A) a number of dimensions that Table B is connected to are equal to or less than the number of dimensions that Table A is connected to.

B) a number of records in Table B are equal to or less than the number of records in Table A.

C) table B provides an aggregated view of facts in Table A.

D) all dimensions connected to Table B are connected to Table A.

E) table B has more records than Table A.

Learn more about tables here brainly.com/question/12151322

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7 0
2 years ago
A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage
sergiy2304 [10]

Answer:

e. 10,500 units.

Explanation:

<em>the equivalent units of production - direct materials</em>

<em>Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials</em>

units in ending Work in Process inventory (5,000×50%)                = 2,500

units completed and transferred to the next stage (8,000×100%  = 8,000

Total                                                                                                    = 10,500

<em>the equivalent units of production - conversion costs</em>

<em>Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs</em>

units in ending Work in Process inventory (5,000×50%)                = 2,500

units completed and transferred to the next stage (8,000×100%  = 8,000

Total                                                                                                    = 10,500

5 0
3 years ago
the observation that a country reached automotive production overcapacity in 2018, is an aspect of the segment of the general en
rodikova [14]

The observation that a country reached automotive production overcapacity in 2018, is an aspect of the global segment of the general environment

<h3>What an environment</h3>

An environment includes everything that makes up the earth. This include people, animals, plant, economy, business, culture etc. They all have a role to play in the day to day activities and how an individual act and react.

The global segment of environment is the aspect that affects all countries and people.

Therefore, the observation that a country reached automotive production overcapacity in 2018, is an aspect of the segment of the general environment

Learn more on environment below

brainly.com/question/16755022

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5 0
2 years ago
On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount
vampirchik [111]

Answer:

a) $1,000

Explanation:

Early Settlement Discount

This form of quotation is common with suppliers offering their customers deferred payment arrangement in a sale contract. Usually, under this arrangement customers are allowed to purchase goods on credit and settle their acccount at a specified  later date.

However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.

A quotation of 2/10, n/30

This implies that the customer is a given a 30-day period from the date of purchase within which he is expected to settle his account. However, if he does so within the next 10 days of purchase he will be given a 2% discount.

<em>Applying this to the question, the purchase date is August 1, the the latest date for which account is settle to qualify for early settlement discount will be 11 days i.e (1+10) .</em>

Since the payment will be made on August 12, no cash discount will received. Therefore, a payment of gross amount of $1,000 would be credited to the cash account.

7 0
3 years ago
When ships carrying imported goods arrive at U.S. ports, customs officers are responsible for inspecting the goods and determini
azamat
I think The answer is b
3 0
3 years ago
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