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Mekhanik [1.2K]
3 years ago
14

GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in adv

ance. GreenLawn's general journal entry to record this transaction on May 1 will include a: a. Debit to Unearned Revenue for $60,000. b. Credit to Cash for $60,000. c. Credit to Unearned Revenue for $60,000. d. Debit to Accounts Receivable for $60,000. e. Credit to Accounts Receivable for $60,000.
Business
1 answer:
Salsk061 [2.6K]3 years ago
7 0

Answer:

c. Credit to Unearned Revenue for $60,000

Explanation:

Based on the information given in a situation where the company provides landscaping services to clients in which On May 1 we were told a customer paid the company the amount of $60,000 in advance which means that the general journal entry to record this transaction on May 1 will include :Credit to Unearned Revenue for $60,000

Dr Cash $60,000

Cr Unearned revenue $60,000

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Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low pri
Citrus2011 [14]

Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low price at a<u> high level of output.</u>

<h3>What is demand curve?</h3>

Demand curve can be defined as a curve that help to show the relationship between the quantity of a product that is demanded and the price of the product at a specific period of time.

Hence, , the monopolist will charge a relatively low price at a high level of output based on the fact that in a situation where monopolist increases its output, he will tend to get a price.

Learn more about demand curve here:brainly.com/question/17166820

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4 0
2 years ago
Omron Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly c
BigorU [14]

Answer:

a)

Total relevant cost

unit level materials                        7,500

unit level labor                                8,250

unit level overhead                         5,250

 

product level cost(13,500*1/3)          4,500

Total relevant cost                          25,500

cost of buying         (10,000*3)= 30,000

Should Omron continue to make the containers                   Yes  

4 0
3 years ago
If per capita gdp in 2014 was $900, in 2015 was $1,000, and in 2016 was $1,200, the growth rate of per capita gdp between 2014 a
worty [1.4K]
The formula for Growth rate of per capita GDP is:

Growth Rate = (per capita GDP in 2016 - per capita GDP in 2014) * 100 / per capita GDP in 2014 

Growth Rate = (1,200 - 900) * 100 / 900
                     = 300 * 100 / 900
                     = 30,000/900
                     = 33.33 or 33

Therefore, 33% is the per capita growth rate between 2014 and 2016.
6 0
3 years ago
Question 14 Swifty Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead i
Marianna [84]

Answer:

Dept. D = 80%

Dept. E = $12

Dept. K = $6

Explanation:

The computation of the predetermined overhead rate for each department is shown below:-

Department D = Manufacturing overhead ÷ Direct labor costs

= $1,240,000 ÷ $1,550,000

= 80%

Department E = Manufacturing overhead ÷ Direct labor hours

= $1,500,000 ÷ 125,000

= $12

Department K = Manufacturing overhead ÷ Machine hours

= $720,000 ÷ 120,000

= $6

3 0
3 years ago
All of the following would be found in a bond resolution for a new municipal issue except A) the issuer's obligations to bondhol
lys-0071 [83]

Answer:

C) the costs to be incurred by the issuer in connection with the offering.

Explanation:

The bond resolution (or the bond contract) spells out the characteristics of the issue (maturities, call features, etc.), the issuer's responsibilities to bondholders, and any restrictive covenants to which the issuer must adhere. Costs to be incurred by the issuer have no impact on bondholders.

hope this helps have a nice day :)

6 0
3 years ago
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