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
LenaWriter [7]
3 years ago
9

July 31: during july, ps music provided guest disc jockeys for kxmd for a total of 115 hours. the contract requires ps music to

provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600, which ps music has already received payment for. any additional hours beyond 80 will be billed to kxmd at $40 per hour.
Business
1 answer:
Cloud [144]3 years ago
5 0

Answer:

The journal entries to record service revenue during July should be:

Dr Cash 3,600

    Cr Service revenue (80 hours per month) 3,600

Dr Accounts receivable [(115 - 80 hours) x $40] 1,400

    Cr Service revenue 1,400

Since the company has collected only the regular hours provided according to the contract, the remaining hours should be recorded as accounts receivable.

You might be interested in
What precautions does the government take to protect money?
Anestetic [448]

Answer:

Americans piled into the metal as protection from the collapsing value of the dollar. But since the 1970s, the government has enacted a series of laws that have made owning gold more difficult, more costly, and less private.

Explanation:

:D

7 0
3 years ago
Apple, known for creativity and innovation, keeps its new innovations consistent with previous product lines to maintain long-te
Mamont248 [21]

Answer: Relational

Explanation: Relational orientation is a term in marketing where a marketer or producer identify the need of its customers or consumers and make available products that will meet their need and help to build a good relationship with the consumers or customer. This term is used by most multinationals like Apple etc to build brand loyalty and maintain a good market share.

3 0
3 years ago
Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for $490. She
lutik1710 [3]

Answer:

high quality and the other one is a little more than I can say is that I was just wondering if you were still going to be able to make it to the store and get some rest and feel better soon and that is why I am asking for a friend to talk to you about it when I get home

5 0
3 years ago
Clem Oatley could grow wheat and barley. He could grow 75 bushels of wheat or 125 bushels of barley using the same resources on
BabaBlast [244]

Answer:

Clem should specialise in wheat production because he has higher profits there

Explanation:

Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.

If he produces only wheat he will have profit of 75 bushels * $2 = $150

If he produces only barley his profit will be 125 bushels * $0.80 = $100

This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.

6 0
3 years ago
Read 2 more answers
Vroom-Vroom manufactures miniature cars and has determined that its total manufacturing cost of $1,500,000 is a mixture of unit-
abruzzese [7]

Answer:

$784,434 will be allocated to the Retail division

Explanation:

See attached file

8 0
3 years ago
Other questions:
  • You are going to form a portfolio with stocks A & B with the following information: Stock Expected Return Standard Deviation
    5·1 answer
  • The perfectly competitive firm produces that quantity at which a.marginal revenue is greater than marginal cost. b.the largest g
    11·1 answer
  • Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA). Johnny's cumulative GPA will fall even furt
    5·1 answer
  • Flo is considering three mutually exclusive options for the additional space he plans to add to the K-State Superstore. The cost
    15·1 answer
  • 100 PIONTS PLZ Answer
    11·1 answer
  • Betty (25 years old) studied music education in college and graduated a year ago. She currently works as a music teacher at a ye
    7·1 answer
  • Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastic grocery ba
    14·1 answer
  • John works for Heinlein Hillclimbers in Wyoming, where he earns $26,500 annually. He contributes $150 per month to his 401(k), o
    8·1 answer
  • Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume
    13·1 answer
  • Whats the connect between running a business and being responsible with your own finances.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!