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uysha [10]
3 years ago
12

Spafford Services, Inc. provides services to clients. On May 1, a client prepaid Spafford Services $71,000 for 6-months services

in advance. Spafford Services' general journal entry to record this transaction will include a _________
Business
1 answer:
Leokris [45]3 years ago
8 0

Answer:

Services provided by Spafford to the clients.

On May 1,

A client prepaid Spafford Services $71,000 for 6-months services in advance.

The Journal entry is as follows:

Cash A/c …………………………………………Dr.   $71,000

                To Unearned Management Fees A/c     $71,000

(To record the services provided to client in advance)

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6 0
2 years ago
The Baldwin company will sell 100 units (x1000) of capacity from their Baker product line. Each unit of capacity is worth $6 plu
yKpoI14uk [10]

Answer: $2,210,000

Explanation:

From the question, we are informed that the Baldwin company will sell 100 units (x1000) of capacity from their Baker product line and that each unit of capacity is worth $6 plus $4 per automation rating.

We are further told that the Baldwin company will sell the capacity for 35% off. The amount they'll receive when the capacity is sold will be:

The cost per unit will be

= 6 + (4 × 7)

= 34

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3 0
3 years ago
Other variable costs per unit subtracted from total cogs per unit equals ________ per unit. contribution margin operating margin
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Other variable costs per unit subtracted from total COGS per unit equals contribution margin per unit.

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Variable costs play an important role in determining a product's contribution margin, which is used to calculate a company's break-even or target profit level.

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1 year ago
The _______________ Act of 1764 was an attempt to increase taxes by lowering the rate and increasing consumption.
frutty [35]
The answer is the sugar act.
3 0
3 years ago
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