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madam [21]
3 years ago
14

​Wellness, a healthy living​ magazine, collected in subscription revenue on May 31. Each subscriber will receive an issue of the

magazine in each of the next 12​ months, beginning with the June issue. The company uses the accrual method of accounting. What is the balance in the Unearned Revenue account as of December​ 31?
Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer: $220,000

Explanation:

Using the Accrual Method of Accounting means that revenue is only to be recorded when it is earned i.e. when services have been delivered.

Any revenue received when the services have not been delivered will be recorded as Unearned Revenue.

With $528,000 in subscription revenue, the monthly subscription is;

= 528,000/12

= $44,000

From June to December would be 7 months so they would have earned;

= 44,000 * 7

= $308,000

The amount that they have not earned but have received would therefore be;

= 528,000 - 308,000

= $220,000

<em>This amount will be recorded after they finish deliveries of magazines in next year May. </em>

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Ethnography is an approach in research, where the subjects are observed in their homes and/or communities.

  • Ethnography is a mode of research that is largely used in the fields of Anthropology and Sociology.
  • It is a method, wherein, the subjects of the study are not enclosed within an artificial environment, or otherwise known as a laboratory.
  • They are studied by being observed in the environment they originate from or belong to.
  • This method is specifically useful, while studying various cultures.
  • It helps control the unwanted effects of being introduced in a new environment, which could alter the behavior of the subjects of the study.

Therefore, it is clear that Ethnography is the approach in research, where the subjects are observed in their homes and/or communities.

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6 0
1 year ago
​O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the
Tatiana [17]

Answer:

3.63yrs

Explanation:

CExplanation: C) Investment / Annual cash flows$2,900,000 / 800,000 = 3.63 yrs

4 0
3 years ago
Which of the following survey response methods is the most difficult for researchers to code for evaluation:
Tju [1.3M]

Answer:

No options are given, but the most commonly used survey response methods are:

  1. Multiple choice questions = generally easy to code
  2. Rating scale questions = also easy to code, since response scales have a finite number of choices, e.g. 2 true/false, 3 agree/disagree/undecided, 5 very bad/bad/fair/good/excellent
  3. Matrix questions. = are a little bit more complex since they involve several rating scale questions, but it is not something difficult either
  4. Dropdown questions. = similar to multiple choice questions
  5. Open-ended questions. = this are hard to code since each subject can respond different things, e.g. the thing that I like the most about this project is bla, bla, bla. There are no pre-set answers given to the subjects. THIS TYPE IS THE MOST DIFFICULT TO CODE.
  6. Demographic questions = similar to multiple choice
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3 0
3 years ago
Based on these​ findings, what can we predict about total production long dash whether or not that production is included in the
Naily [24]

Answer:

If the workers had been paying other people to perform the household activities prior to unemployment, then total production will fall.

Explanation:

7 0
2 years ago
your firm is contemplating the purchase of a new $545,000 computer-based order entry system. the system will be depreciated stra
liberstina [14]

The IRR of the new computer-based order entry system is 22.87%.

<h3>What is the IRR?</h3>

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The cash flow at the beginning of the period = purchase price of the system - reduction in working capital

$545,000 - $96,000 = $449,000

Depreciation expense = (cost of the asset - salvage value) / useful life

($545,000 - 0) / 5 = $109,000

Cash flow each year from year 1 to 5 = (amount saved - depreciation)(1 - taxes) + depreciation

($165,000 - $109,00)(1 - 0.22) + $109,000 = $152,680

Terminal cash flow = Salvage value - (tax x salvage value)

$71,000 - (0.22 x 71,000) = $55,380

IRR can be determined using a financial calculator:

Cash flow in year 0 = $-449,000

Cash flow in year 1 - 4= $152,680

Cash flow in year 5 = $152,680 + $55,380 = 208,060

IRR = 22.87%

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3 0
1 year ago
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