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sveta [45]
3 years ago
15

A company has advance subscription sales totaling $45,000 for the upcoming year when four quarterly journals will mailed to cust

omers. When the company mails the first quarterly journal to customers, it should record:
Business
1 answer:
labwork [276]3 years ago
3 0

Answer:

Journal  entry.

Debit creditors account with $15,000 and credit company's sales account with $15,000

Being quarterly journal subscription paid in advance last year.

Explanation:

The advance subscription payments customers are taken as creditors of the company. The company owes them the service of mailing the quarterly journals to them. The total creditors payment ($45,000) will be recorded as credit entry in the books of the company's creditors account and as the company discharges the liability, the amount is passed to debit side of the creditor's account. We assume equal quarterly subscription amount, which will result in $15,000 for each quarter in a year.

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Shirley analyzed her company’s product line of refrigerator magnet products. She then deleted a few tourist magnets that had los
ololo11 [35]

Explanation:

In this question it can be seen that Shirley is using a comprehensive product management marketing approach to adjust the company's line of magnets, focusing on the pricing strategy and positioning of some products, which can be seen in the question when Shirley discovered that the group of emoji magnets needed more market penetration, and so through that she created a campaign, analyzed the statistics of the total line and adjusted and identified some synergies for the new products, which made it possible to adjust the overwall of the product line and not just individual products.

Shirley considered the way products work together as collectives and how one product can influence another.

4 0
4 years ago
You are the manager of a supermarket, and you know that the income elasticity of peanut butter is exactly -0.7. Due to the econo
padilas [110]

Answer:

The purchase should stay the same or even increase its number.

Explanation:

To begin with, due to the fact that the income elasticity of peanut butter is exactly -0,7 then that good is inferior and because of that when the income drops by 15 percent next year then the consumer will still be buying the product but in a more frequent  way due to the fact that if the income decreases then the demand of that product that tend to be inferior will be available for everyone. That is why, as a manager you should continue to buy peanut butter.

6 0
3 years ago
Sasha has just gotten a new job in a nearby city. After comparison shopping, she found that renting a nice two-bedroom apartment
kramer

Answer:

The advantage over buying the house over renting the apartment is that, you would own the house instead of just renting it. If you own the house, and the mortgage covers everything including repairs if you buy the house while if you need a repair in a rented apartment it would probably cost a fortune. Living in an apartment means that if the owner decides they want to rent the house or sell the house, that you will have to move (or pay for a mortgage which you might as well buy the house that's bigger than buy the apartment.)

Hope this helps! :) Plz mark as brainliest!

8 0
3 years ago
Brokers and sales agents who submit required criminal background information and fingerprints to TREC when seeking their origina
ikadub [295]

Answer: Will Make sane submission when their liscence is expired

Explanation:

Institutions are very careful this days with documents and information they receive from organization, and so advise this organizations to file in their criminal records so they know what they have done and can track whatever sheddy deals they did in the past. This process is also carried out when renewing liscence.

7 0
3 years ago
A credit entry:
blagie [28]

Answer: e. Decreases asset and expense accounts, and increases liability, common stock, and revenue accounts.

Explanation:

Let's evaluate each of the options as follows:

a. Is always a decrease in an account - This is false because a credit entry increases liability, common stock and revenue accounts.

b. Is recorded on the left side of a T-account - Although in modern day accounting, the use of T-account has been relegated to the background. However, if entries are to be recorded using the T-account, all debits are posted to the left side while all credits are recorded on the right side of the account.

c. Increases asset and expense accounts, and decreases liability, common stock, and revenue accounts - It does not increase asset and expense accounts, rather it reduces them. The opposite applies to liability, common stock, and revenue accounts.

d. Is always an increase in an account - This is false.

Therefore, option e is correct because a credit entry reduces asset and expense accounts, and increases liability, common stock and revenue accounts.

3 0
3 years ago
Read 2 more answers
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