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Thepotemich [5.8K]
3 years ago
8

Flores Company publishes a monthly sports magazine, Hunting Preview. Subscriptions to the magazine cost $25 per year. During Oct

ober 2017, Flores sells 30,000 subscriptions beginning with the November issue. Flores prepares financial statements quarterly and recognizes subscription revenue earned at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. Collapse question part (a) Prepare the entry in October for the receipt of the subscriptions.
Business
1 answer:
olga nikolaevna [1]3 years ago
7 0

Answer:

(a)Oct. 31

Dr Cash 750,000

Cr Unearned Subscription Revenue 750,000

(b)Dec. 31

Dr Unearned Subscription Revenue 125,000

Cr Subscription Revenue 125,000

(c)Mar. 31

Dr Unearned Subscription Revenue 187,500

Cr Subscription Revenue 187,500

Explanation:

Flores Company Journal entries

(a)Oct. 31

Dr Cash 750,000

Cr Unearned Subscription Revenue(30,000 ×$25) 750,000

(b)Dec. 31

Dr Unearned Subscription Revenue 125,000

Cr Subscription Revenue 125,000

($750,000 ×2/12)

(c)Mar. 31

Dr Unearned Subscription Revenue 187,500

Cr Subscription Revenue 187,500

($750,000 ×3/12)

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To ensure that employees are learning the content effectively during the training program, firms should (choose all that apply):
lord [1]

Answer:

a. give employees the opportunity to enact the skills.

b. use modeling to help employees learn the skills vicariously by watching other people perform the skill.

c. provide feedback with both negative and positive reinforcements of wrong and correct behaviors respectively.

Explanation:

Training can be defined as a learning process which typically involves teaching an individual or group of people skills that are relevant to their job position or roles in an organization.

This ultimately implies that, the main purpose of a training is to improve an employee's performance in his or her place of work.

To ensure that employees are learning the content effectively during the training program, firms should;

a. give employees the opportunity to enact the skills.

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c. provide feedback with both negative and positive reinforcements of wrong and correct behaviors respectively.

6 0
2 years ago
PLEASE HELP ASAP BRAINLIEST TIMED TEST PLZZZZZZZ HELP HURRY React to the quoted statement. Defend your opinion: “My feelings are
vaieri [72.5K]
<h2>Yes I keep my feeling controlled by "Intrapersonal intelligence"</h2>

Explanation:

The term "Intrapersonal" intelligence might be something new but it is one of the soft skill which completely talks about "Personal emotions"

It is highly difficult to manage feelings both which are positive and negative in nature but a person who can control the emotions are the best leaders and most successful person. So a person who possess good "intrapersonal" skills will never yell at anyone or hurt anyone at work and will find other possible ways to solve it or pin point about the mistake.

4 0
3 years ago
On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 using the retail method?
Misha Larkins [42]

Answer: The ending inventory is $43,500

Explanation:

Cost. Retail

$ $

Beginning inventory. 125,000 166,667

Add :Purchases 235,000 313,333

-------------------- -----------------------

Cost of good available for sale 360,000 480,000

Cost to retail ratio

360,000 ÷ 480,000

= 0.75

Cost. Retail

$ $

Cost of good available for sale 360,000 480,000

Less:Sales. 230,000 250,000

360,000. 172,500

187,500

-------------------- ----------------

(417,500) 58,000

Ending inventory × 0.75 (58,000 × 0.75) = 43,500

Cost to retail ratio.

Ending inventory. $43,500

3 0
3 years ago
CIRP. Jason Smith is a foreign exchange trader with Citibank. He notices the following quotes. Spot exchange rate SFr1.6627/$ Si
Zinaida [17]

Answer:

Answer explained below

Explanation:

A.

For six months, rSFr => 1.50% and r$ => 1.75%.

Since the exchange rate is in SFr/$ terms, the appropriate expression for the interest rate parity relation is

F/S => [ (1 +  rSFr ) / ( 1 + r$) ]

then we can also say

F/S *( 1 + r$) => (1 +  rSFr )

Now Left side => F/S *( 1 + r$) => [ ( 1 + 6.558) / ( + 1.6627) ] * (1 +0.0175)

Left side => 1.0133

and Right side =>  (1 +  rSFr ) => 1.0150

Since the left and right sides are not equal, IRP is not holding.

B and C.

Since IRP is not holding, there is an arbitrage possibility.

As 1.0133 < 1.0150,

we can say that the EuroSFr quote is more than what it should be as per the quotes for the other three variables. And, we can also say that the Euro$ quote is less than what it should be as per the quotes for the other three variables. Therefore, the arbitrage strategy should be based on borrowing in the Euro$ market and lending in the SFr market. The steps are as as follows. -

Borrow $1000000 for six-months at 3.5% per year and then we will pay back

=> $1000000 * (1 + 0.0175) => $1,017,500 six months later.

Convert $1000000 to SFr at the spot rate to get SFr 1662700.

Lend SFr 1662700 for six-months at 3% per year. Will get back

=> SFr1662700 * (1 + 0.0150) => SFr 1,687,641 six months later.

Sell SFr 1687641 six months forward. The transaction will be contracted as of the current date but delivery and settlement will only take place six months later. So, sixmonths later exchange

SFr 1,687,641 for => SFr 1687641 ⁄ SFr 1.6558/$ => $1,019,230.

The arbitrage profit six months later is 1019230 - 1017500 = $1,730

6 0
3 years ago
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Answer:

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