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2 years ago

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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Consider the following simple economy that produces only three goods: 2009 (Base Year) 2017 Product Quantity Price Quantity Pr

Oxana [17]

Answer:

The answer is $6680

Explanation:

To calculate the Real GDP we use prices from the base year.

GDP = 100x40 + 80x11 + 20x90 = $6680

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2 years ago

An airplane manufacturer assembles a plane in one location and the workers and equipment go to the airplane when they need to wo

salantis [7]

Answer: c. fixed-position layout.

Explanation:

This is a system that addresses the layout requirements of stationary projects.

Here, project remains in one place and workers and equipment come to that one work area.

Examples are plane, ship, highway, a bridge, a house, and an operating table in a hospital, etc.

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2 years ago

Read 2 more answers

Mark is looking to buy his first home. His friends suggest that he check the style of the house and the number of rooms. He is,

Scrat [10]

Answer:

The correct answer is letter "B": anchoring.

Explanation:

Anchoring bias or focalism takes place when individuals make decisions driven by the first impression obtained on a certain matter. Under this situation, those individuals do not take well-educated decisions since there has not been an analysis of the pros and contras of picking that choice over others.

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3 years ago

Sag manufacturing is planning to sell 400,000 hammers for $6 per unit. The contribution margin ratio is 20%

Tasya [4]

The question is incomplete. The following is the complete question.

Sag Manufacturing is planning to sell 400,000 hammers for $6 per unit. The contribution margin ratio is 20%. If Sweet will break even at this level of sales, what are the fixed costs?

Answer:

Fixed costs are $480000

Explanation:

The break even sales is the value of total sales or total revenue where it equals total cost and the company makes no profit or no loss. The break even in sales is calculated by dividing the fixed costs by the contribution margin ratio.

Break even in sales = Fixed cost / Contribution margin ratio

Plugging in the available values we can calculate the value of fixed cost. We know that the break even in units is at 400000 units. Thus, its value in sale will be 400000 * 6 = 2400000

2400000 = Fixed cost / 0.2

2400000 * 0.2 = Fixed cost

Fixed costs = $480000

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3 years ago

Mezzinzi Bank offers loans to companies in the form of bonds. The companies who apply for these loans can repay the amount over

dmitriy555 [2]

Answer:

B) Long-term debt

Explanation:

Long term debts are loans that are due in more than 1 year, and generally bonds are due in several years.

Revolving credit agreements is a revolving line of credit where the client uses the funds only when they need it.
Commercial papers are short term promissory notes (due in less than 1 year).
Trade credit is usually handed out by a company's vendors where you receive merchandise and pay for it later (usually in a month or two).

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3 years ago