Answer:
$450,000
Explanation:
Deferred subscription revenue (or unearned subscription revenue) is a liability account since your customers paid you in advance for goods or services that you must provide in the future.
The net unearned revue for 2018 and 2019 is = $390,000 and $460,000 respectively.
Of the 2018 amount, only $115,000 (= $390,000 - $115,000 - $160,000) remain as a liability during 2019 since they expire on 2020.
Of the 2019 amount, $335,000 (= $460,000 - $125,000) remain as a liability during 2019 since they expire on 2020 and 2021.
By December 31, 2019, unearned revenue = $115,000 + $335,000 = $450,000
Answer:
The answer is $4,800
Explanation:
200 shares was sold short at $60 per share with initial margin of 60 percent.
200 shares x $60 per share x (1 - 0.6)
=$12,009 x 0.4
$4,800
The initial investment is therefore, $4,800(four thousand and eight hundred dollars)
Answer:
Option (a) is correct.
Explanation:
When the price of ground beef increases, this means that there is an increase in the cost of production of hamburgers because the beef is used as an input in the production of hamburgers.
So, an increase in the price of beef will result in a decrease in the supply of hamburgers because it will become less profitable for the suppliers and this will also shifts the supply curve leftwards.
Hence, this lower supply of hamburgers will cause the price of hamburgers to rise.
Answer:
According to "AS 7 - Construction Contracts",Gross amounts receivable / payable from / by customers should be recognized as contract asset / liability in the balance sheet.
For the first job, construction work in progress is greater than the bills raised. Hence there exists contract asset.
Contract asset = Cost incurred - Billing done
= $20,000 - $14,000
= $6,000
For the second job, construction in progress is less than the bills raised. Hence there exists contract liability.
Contract liability = Bills raised - Cost incurred
= $5,000 - $3,000
= $2,000
Hence, Contract asset = $6000
, Contract Liability = $2000
When Rachel feels overwhelmed, she commits to spending an initial step of attending to the task for up to a minute in order to increase her likelihood of finishing it. This is called the work breakdown structure or strategy.
<h3>
What is the purpose of work breakdown structure or strategy?</h3>
A work breakdown structure (WBS) is a project management technique that uses a step-by-step method to finish huge projects with many moving parts.
A work breakdown structure (WBS) may integrate scope, cost, and deliverables into a single tool by breaking down the project into smaller components.
This strategy helps to complete tasks faster.
Learn more about work breakdown structure or strategy:
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