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
Irina-Kira [14]
3 years ago
9

Consider Adjusting Journal Entries - Unearned Revenue

Business
1 answer:
Nadusha1986 [10]3 years ago
7 0

Answer:

$4,200

Explanation:

Skypress Company

$5,600 × 3/4

=$5,600×0.75

= $4,200

Therefore the revenue reported from this transaction during 2013 would be $4,200

You might be interested in
A company exchanged land and cash of $4,500 for similar land. The book value and the fair value of the land were $89,800 and $10
ololo11 [35]

Answer:

b.$106,000 $11,700

Explanation:

Given that

Fair value = $101,500

Land and cash = $4,500

Book value = $89,800

The computation of record land-new and a gain/(loss) is shown below:-

Record Land New = Fair Value + Land and cash

= $101,500 + $4,500

= $106,000

Gain (loss) = Fair Value - Book value

= $101,500 - $89,800

= $11,700

Therefore the record of land new is $106,000 and gain is $11,700

5 0
3 years ago
the price of a stock is $45 at the beginning of the year and $50 at the end of the year. of the stock paid a $1 dividend and inf
wlad13 [49]

Answer:

Real holding period return on investment =10.03%

Explanation:

<em>Total return is the sum of capital appreciation plus the distribution received over the course of the investment period. </em>

<em>Capital gain is the difference between the current value of the investment and the initial cost of the investment </em>

<em>Total return = capital gain + distributed dividends </em>

Capital gain= 50-45= 5

Dividend = 1

Percentage return =( total return/ cost of investment ) × 100

Total return = 5+1= 6

Total return = 6/45 × 100= 13.333

Inflation is the increase in the price level.It erodes the value of money.rise in the price of money  

Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.  

Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.  

The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;  

N = ( (1+R) × (1+F)) - 1  

N- nominal rate, R-real rate, F- inflation  

real  rate of return = (I.13/1.03) -1 = 0.1003

Nominal rate of return =  0.1003 × 100 = 10.032%

4 0
4 years ago
Explain services offered by insurance companies
Rus_ich [418]
Insurance products & services
Business Insurance. ...
Professional Indemnity. ...
Directors & Officers / Management Liability Insurance. ...
Property Insurance. ...
Motor Insurance / Commercial / Heavy Motor Insurance. ...
Home & Contents Insurance. ...
Cyber Insurance. ...
Business Interruption Insurance.
4 0
3 years ago
Smith, an individual, is required to pay goode yearly alimony of $6,000 and yearly child support of $18,000. smith paid goode $2
marta [7]
Generally speaking, the taxpayer can deduct his alimony payment but not his child support payment. He may, however, be entitled to claim the child as a dependent, although this is beyond the scope of the question.

We can deduct the alimony payment but not the child support payment. Smith paid Goode $20,000 in 2017, although he owes 24,000. The adjusted gross income depends only on how much Alimony he paid.

If he paid the full $6,000 alimony and only 14,000 of child support, he can deduct the $6,000 for an adjusted gross income of 50,000- 6,000= $46,000.

If, for example, he paid the full $18,000 in child support and only 2,000 in alimony, he can only deduct the $2,000 for an adjusted gross income of 50,000 - 2,000 =48,000. 
4 0
3 years ago
A graphical analysis of tariffs reveals that Multiple Choice they benefit domestic consumers at the expense of domestic producer
BARSIC [14]

A graphical analysis of tariffs reveals that  they increase domestic production of the good for which imports face tariffs.

A tariff is a form of tax levied on the import  of certain goods and services. Import goods are goods that are brought into a country from another country.

Tariffs increases the price of imported goods. This discourages importation of those goods. As a result, there is less competition between foreign produced goods and domestic production. This boosts domestic production.

A similar question was answered here: brainly.com/question/9975255

4 0
3 years ago
Other questions:
  • How does globalization impact the u.s. economy
    6·1 answer
  • What can you bring in a carry on bag on a airplane ?
    8·1 answer
  • Real GDP per capital is found by A.dividing population by real GDP. B.dividing real GDP by population C. Subtracting population
    9·1 answer
  • Acme company has a mission statement that is open to interpretation. Many stakeholders identify with it. Their mission statement
    10·1 answer
  • Jana completed an informational interview with a preschool teacher in her area. She wants to write a thank-you letter. What shou
    15·1 answer
  • Liquidity ratios are used to measure a firm's ability to meet its obligations as they come due. Two of the most commonly used li
    12·1 answer
  • Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements
    13·1 answer
  • QUESTION 6 of 10: You have one hour for lunch. You want to go to your favorite sub shop, which is 18 minutes from your job. You
    10·2 answers
  • A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe
    13·1 answer
  • A perfectly competitive apple farm produces 1,000 bushels of apples at a total cost of $36,000. The price of each bushel is $50.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!