1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GarryVolchara [31]
3 years ago
11

Baylor Service Corp. redeemed $1,000 of gift cards that customers used to pay for services that were performed by the company. T

he related adjusting entry would include a debit to: A. Accounts Receivable and a credit to Service Revenue. B. Unearned Revenue and a credit to Service Revenue. C. Cash and a credit to Service Revenue. D. Cash and a credit to Unearned Revenue.
Business
1 answer:
Nitella [24]3 years ago
7 0

Answer:

B. Unearned Revenue and a credit to Service Revenue.

Explanation:

The adjusting entry is given below:

Unearned revenue $1,000

         To Service revenue $1,000

(Being service revenue is recorded)

Here unearned revenue is debited as it decreased the liabilities and credited the service revenue as it increased the revenue

Therefore the option b is correct

You might be interested in
20. WACC and NPV [LO3, 5] Sommer, Inc., is considering a project that will result
g100num [7]
Mark Brainliest please

Sommer Inc is considering the new project, and yet we have to calculate under what circumstances the company have to take on the project. In order to assess the project, we need to compute the break-even cost such as the present value of future cash flows and calculate the WACC weighted cost of capital. It measures the weighted cost of equity and the after tax cost of debt. The following information are given: Debt to equity ratio = 0.90 Cost of equity = 13% After-tax cost of debt = 4.8% After-tax cost of savings = $2.7 million Debt to equity ratio = Debt / Equity = 0.90 Therefore, Value of firm = value of debt + value of equity Value of firm = 0.90E + E Value of firm

See the calculation of WACC as attachment
8 0
3 years ago
What can you suggest to warner Edwards in terms of marketing strategy
inessss [21]

Answer:

Warner Bros focuses a lot on the people as an organization whether it’s the employees or the customers. The key people involved are Kevin Tsujihara (Chairman and CEO), Edward A. Romano (Vice Chairman), Toby Emmerich (President and Chief Content Officer). Its parent company TIME Warner has over 31000 employees. The Warner Bros company and its people focus on diversity that helps in multicultural expansion, workforce development and inclusive growth. It does not differentiate between its customers and focus on providing quality content to all across the globe.

I would suggest that only advertisement doesn't make people to buy it.

7 0
3 years ago
List the factors that influence the price of labor
liraira [26]
Im not completely sure bc i dont see anything other than letters so im gonna say B
4 0
3 years ago
Which of the following is a characteristic of a competitive market?
myrzilka [38]
A) standardized product I think
6 0
3 years ago
Read 2 more answers
Consider the market in which bag producers operate. Suppose that the price ot a backpack rises. Explain how this event will chan
netineya [11]

Answer:

A. The quantity of backpacks supplied increases and the supply of backpacks is unchanged

Explanation:

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

If the price of backpack increases, the quantity of backpacks supplied would increase. This would lead to an upward movement along the supply curve.

There would be no change in supply.

Changes in price only leads to changes in quantity supplied.

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
Other questions:
  • To estimate the percentage of defects in a recent manufacturing batch, a quality-control manager selects every twentieth widget
    6·2 answers
  • Costello Corporation reported pretax book income of $500,900. During the current year, the reserve for bad debts increased by $6
    9·1 answer
  • The business risk of a firm:
    11·1 answer
  • Which of the following is an example of an open college?
    14·1 answer
  • What would happen to the buying power of your investment after one year if your rate of return was 8% and the rate of inflation
    11·1 answer
  • What is the present value of a perpetuity that pays you annual, end-of-year payments of $950.00? Use a nominal rate (monthly com
    12·1 answer
  • The value of a financial asset is the​ ________.
    13·1 answer
  • If Wesley Corporation has 80,000 shares of common stock authorized. 50,000 shares of common stock issued, and holds 12,000 share
    10·1 answer
  • Bummerland finds itself in a recession caused, as assumed in class, a sticky nominal (money) wage (W) which is too high to clear
    5·1 answer
  • A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!