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VashaNatasha [74]
4 years ago
5

When a magazine company collects cash for selling a subscription, it is an example of: select one:

Business
1 answer:
kenny6666 [7]4 years ago
4 0

Answer:

The answer is a) an accrued receivable transaction

Explanation:

The sale of a subscription by the magazine company can be viewed as a source of income.  A sale of a subscription service where cash is collected after the service has been provided  is treated as an accrued receivable transaction. The recognition  of revenue from the sale of the subscription is based on revenue recognition principle which states that revenues are recognized when they realized and earned.

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Computer database programs make it easier for businesses to manage
DochEvi [55]

Answer:

large amounts of related data.

Explanation:

Computer programs can store, organize, and analyze large volumes of data. Companies store information relating to sales, customer interactions, marketing campaigns, financial transactions, employment, and much more. This information is organized in a database, making it easy to retrieve and refer.

Managers use the programs to store data for better decision making.  Computer programs offer a fast and accurate way to organize and interpret huge volumes of data.

6 0
3 years ago
Domniqued is a customer<br><br>​
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Answer:

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6 0
4 years ago
If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the _
Ilya [14]

If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the: Adjusted trial balance's debits side will not equal its credits  side.

<h3>Adjusted trial balance</h3>

Based on the information given debiting Interest Expense for $500 was right and debiting Interest Payable for $50 was wrong.

Reason being that  Interest expense is a debit entry because expenses are supposed to be debited while interest payable is a credit entry.

Based on this  the adjusted trial balance's debits side will not equal its credits  side.

Inconclusion If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the: Adjusted trial balance's debits side will not equal its credits  side.

Learn more about adjusted trial balance here:brainly.com/question/14476257

5 0
2 years ago
An automotive magazine charges an annual subscription fee of​ $300, with customers prepaying the fee. Subscribers receive 50 iss
love history [14]

Answer:

  • <u>The numbrer of performance obligations is equal to the number of new subscribers.</u>

<u></u>

Explanation:

Each <em>new subscriber </em>generates a<em> performance obligation</em>, as the automotive magazine provides a coupon to each new subscriber, and each coupon is a promise to provide the discount.

A perfomance obligation is a contractual promise to provide a “distinct” good or service to a customer" (taken from the internet).

Whether or not the an obligation will be recognized or not will depend on whether the subscriber uses the coupon or not, but that does not depend on the will of the automotive magazine: they are obliged to provide the discount to every subsriber that uses the coupon (within the terms of the contract).

Thus, since each coupon is a contract, each one is a performance obligation.

7 0
3 years ago
Following ethical standards that have been outlined by the company you work for are___standards(apex)
Mashcka [7]

Answer:

D. organizational

Explanation:

You must focus on both your personal life and profession. Just got the question right on apex.

5 0
3 years ago
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