Explanation:
The adjusting entry is as follows
On January 31
Unearned revenue A/c Dr $3,500
To Magazine subscription revenue A/c $3,500
(Being the unearned revenue is recorded)
The computation is shown below:
= Sale value of annual subscriptions ÷ total number of months in a year
= $42,000 ÷ 12 months
= $3,500
Answer:
B. Raw Materials
Explanation:
Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity. Raw Materials are used in the production of a finished products (such as Crude
Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas Petrol, Yogurt and Garment are the finished products).
Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.
Answer is B. Raw Materials
Answer: $25078
Explanation:
Firstly, we'll find the real interest rate which will be:
(1 + R) = (1 + r)(1 + h)
(1 + 10%) = (1 + r)(1 + 4.8%)
(1 + 0.1) = (1 + r)(1 + 0.048)
1.1 = (1 + r)(1.048)
r = 4.96%.
Now the annual deposit will be gotten by using the annuity future value which will be:
3 million = C(1.0496^40-1) / 0.0496
3 million = C(5.3995) / 0.0496
3 million = 119.627C
C = 3 million/119.627
C = 25078
Therefore, the real amount that must be deposited each year to achieve the goal is $25078
Answer:
debit Rent Expense, $1,500; credit Prepaid Rent, $1,500.
Explanation:
Answer:
Explanation:
➤ Automobile engines would be most likely to have dependent demand
When creating a new car, customers are going to want an engine in their car. That is why it is a "department demand." It is a demand that an automobile must have an engine when you are creating / working in the automobile department. You can't build an automobile without an engine, and that is why it is a demand to have one.
- Mordancy
