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irinina [24]
3 years ago
10

Sharon would make an adjustment entry to __________ to record the $500 her company received from a customer to perform future se

rvices. Suppose that before the adjusting entry, the balance in this account was $2,725. After the adjusting entry, the ending balance will be __________.
Business
1 answer:
makkiz [27]3 years ago
5 0

Answer:

the ending balance of the unearned revenue is $3,225

Explanation:

The computation of the ending balance is shown below:

= Amount received from the customer for performing the future service + balance in the account

= $500 + $2,725

= $3,225

Therefore the ending balance of the unearned revenue is $3,225

The above formula should be applied

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krek1111 [17]

Answer:

the United state has a comparative advantage in producing coal

6 0
1 year ago
You are in the process of getting a new car but are not sure if you should buy or lease. The price of the car you want is $18,00
Mnenie [13.5K]

Answer:

You should buy the car.

Explanation:

Note: See the attached excel file for the worksheet that shows calculations of the present values of the Lease and Buy Options.

In the attached excel file, we have:

Net present value of Lease Option = $3,654.01

Total present value of Buy Option = $4,135.47

Difference = Total present value of Buy Option - Present value of Lease Option = $481.46

The Difference above shows that the total present value of Buy Option is greater than the net present value of Lease Option by $481.46.

Since the total present value of Buy Option of $4,135.47 is greater than the net present value of Lease Option of $3,654.01, you should buy the car.

Download xlsx
8 0
3 years ago
Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $50 ea
Leno4ka [110]

Answer:

1.Dr Cash 25,000

Cr Sales revenue 25,000

2. Dr Warranty expense 2,500

Cr Warranty liability 2,500

3.Journal entry for actual warranty expense

Dr Warranty liability 500

Cr Cash 500

Explanation:

Preparation of Dynamo's journal entries related to the sales and warranty in Year 1.

1.Dr Cash 25,000

Cr Sales revenue 25,000

(50*500)

2. Dr Warranty expense 2,500

Cr Warranty liability 2,500

3. Dr Warranty liability 500

Cr Cash 500

7 0
3 years ago
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet da
grandymaker [24]

Answer:

Profit margin = net profit / total sales = $78 / $5,200 = 1.5%  

Asset turnover = total sales / average total assets = $5,200 / ($2,990 + $3,510) = 1.6

Return on assets = net income / average total assets = $78 / $3,250 = 2.4%  

Return on common stockholders’ equity =  net income / average stockholders' equity = $78 / ($992 + $1,031) = 7.71%  

Gross profit rate = gross profit / total sales = $1,716 / $5,200 = 33%

3 0
3 years ago
Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they
GrogVix [38]
I think the answer is rating scale test! hope this helped 
6 0
3 years ago
Read 2 more answers
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