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nasty-shy [4]
2 years ago
8

A credit entry was recorded for unearned revenue and a debit for cash. What does this entry indicate?

Business
1 answer:
rusak2 [61]2 years ago
7 0

Answer:

This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability

Explanation:

This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability.

Note: Debit side increases asset(cash) and expenses while credit side decreases liability,income and equity.

Credit side decreases asset(cash) and expenses while debit side increases liability,income and equity.

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When automakers offer special price reductions on all their automobiles during holiday shopping seasons, they are using the ____
ICE Princess25 [194]
Discount pricing strategy
7 0
2 years ago
Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 265,000 shares of stock outst
PIT_PIT [208]

Answer: $16.60

Explanation:

The following information can be gotten from the question:

Total common equity = $4,050,000 Shares of stock outstanding = 265,000

Net Income = $450,000

Dividends = $100,000

Based on the information given, the book value per share will be calculated as:

(Total common equity + Net income - Dividends) / Outstanding shares

= ($4,050,000 + $450,000 - $100,000) / 265,000

= $4,400,000 / 265,000

= $16.60

6 0
2 years ago
Bonnie has decided to begin a retirement savings program where she will contribute to an account that will accumulate tax free t
ahrayia [7]

Answer:

This question is incomplete since the interest rate is not included and so is the requirement.  However, if it asking for the annual contributions Bonnie can make, you can calculate it as shown below and assuming a discount rate of 10%;

Explanation:

Since Bonnie's goal is $300,000, this will be the future value and you can use a financial calculator to solve for recurring deposits (PMT);

Time to retirement; N = 12

Interest rate; I/Y = 10%

Future value; FV = 300,000

One time present cashflow; PV = 0

then compute the recurring deposits; CPT PMT = 14,028.995

Therefore, she will need to contribute $14,029 every year to meet her goal.

8 0
3 years ago
The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as ________ where loyal consumer
Mkey [24]

The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as advocacy where loyal consumers recommend brands they have adopted.

the question is incomplete .please read below to find the missing content

The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as ________ where loyal consumers recommend brands they have adopted.

Multiple Choice

evaluation

advocacy

preference

interest

repurchase

Advocacy is the activity of individuals or groups aimed at influencing decisions within political, economic, and social institutions. Advocacy Her group, for example, is a non-profit organization dedicated to helping women who have been victims of domestic violence and are afraid to speak up for themselves.

Advocacy includes promoting the interests or causes of someone or a group of people. An advocate is someone who advocates, endorses, or supports a cause or policy. Advocacy is also about helping people find their voice. There are three types of advocacy: self-advocacy, individual advocacy, and system advocacy.

Learn more about advocacy here

brainly.com/question/1086036

#SPJ4

4 0
1 year ago
What is friendship?? :)<br><br> Bye! Y'all!!
zlopas [31]

Answer:

agree with this

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8 0
1 year ago
Read 2 more answers
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