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rosijanka [135]
3 years ago
6

g Unearned revenues are classified as: Group of answer choices Assets. Liabilities. Revenues. Stockholders' equity.

Business
1 answer:
NemiM [27]3 years ago
7 0

Answer:

Liabilities

Explanation:

Unearned revenues are written as liabilities in the balance sheet of a firm. They are regarded as liabilities because the revenue is still unearned. An example is advance rent payment.

It is a prepayment for a good or service that has not been rendered to the customer yet by the provider. The provider or seller now has a liability equal to the revenue they have received till they provide that service for which they were paid

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Butler Corporation is considering the purchase of new equipment costing $78,000. The projected annual after-tax net income from
True [87]

Answer:

-$7,621

Explanation:

Calculation to determine the net present value of the machine

Using this formula

Net present value of the machine=(Net cash flow *present value of an annuity at 11%)- Amount invested

Let plug in the formula

Net present value of the machine=($2,800+$26000*2.4437)-$78,000

Net present value of the machine=($28,800*2.4437)-78,000

Net present value of the machine=$70,379-$78,000

Net present value of the machine=-$7,621

Therefore the Net present value of the machine is -$7,621

5 0
3 years ago
Hughes Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next three years, with the growth
Oksana_A [137]

Answer: $53.94

Explanation:

Current share price is the present value of the dividends for the next 3 years and the terminal value in year 3.

Terminal value = D₄ / ( required return - growth rate)

= (2.35 * 1.22³ * 1.05) / (12 % - 5%)

= $64

D₁ = 2.35 * 1.22 = $2.867

D₂ = 2.867 * 1.22 = $‭3.49774‬

D₃ = ‭3.49774‬ * 1.22 = $‭4.2672428‬

Share price = (2.867 / (1 + 12%)) + (‭3.49774‬ / 1.12²) + (‭4.2672428‬ / 1.12³) + (64/1.12³)

= $53.94

7 0
3 years ago
Why must we always boil our drinking water during and after a cyclone has passed ​
navik [9.2K]

Answer:

Sometimes following a disaster, a boil water alert is issued for areas connected to mains scheme water because the mains water may be unsafe to drink or cook with.

If a boil water alert has been issued, it is essential you follow this warning to prevent illness.

To prepare water for drinking and food preparation, you should heat the water to a rolling boil for at least 1 minute using a stove or kettle and then allow it to cool. This will help to kill any bacteria.

Be sure to keep children clear from any boiling water until the water has cooled down to room temperature.

Once it has cooled it should be placed in the fridge in a clean container with a lid.

Under no circumstances should you drink or cook with water that has not been boiled until the alert is lifted.

Alternatively you can use bottled water.

HOPE THIS HELPS !

PLEASE MARK IT BRAINLIEST!!

4 0
3 years ago
Consider the following list of accounts: Cash Retained Earnings Service Revenue Utilities Expense Salaries Expense Accounts Rece
MAVERICK [17]

Answer:

Cash, account receivable, equipment, utilities expenses, salaries expense

Explanation:

Normally, the asset and expense accounts have debit balances while the liabilities, equity, revenue and other income accounts have credit balances.

In the given list of account:

Cash, account receivable, equipment belong to asset accounts, therefore will have normal debit balance.

Utilities expenses, salaries expense belong to expense accounts, therefore will have normal debit balance.

Remaining items in a given list will have normal credit balance.

4 0
3 years ago
In providing accounting services to small business, you encounter the following situations pertaining to cash sales.
Brrunno [24]

Answer:

Kindly see Explanation

Explanation:

April 10:

Dr Cash 37,800

Cr Sales 34,500

Cr Sales taxes 3,300

April 15:

Dr Cash 28,080

Cr Sales 26,000

Cr Sales taxes 2,080

Cash = 34500+3300 = 37800

Sales = 28080/1.08 = 26000

Sales tax (28080 - 26000) = 2080

5 0
3 years ago
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