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
Anit [1.1K]
2 years ago
6

Yurman Co. sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or th

ree-year period. Cash receipts from contracts are credited to unearned service contract revenues. This account had a balance of $960,000 at December 31, 2016 before year-end adjustment. Service contract costs are charged as incurred to the service contract expense account, which had a balance of $240,000 at December 31, 2016. Outstanding service contracts at December 31, 2016 expire as follows: During 2017 During 2018 During 2019 $200,000 $320,000 $140,000 What amount should be reported as unearned service contract revenues in Yurman's December 31, 2016 balance sheet
Business
1 answer:
Ksju [112]2 years ago
8 0

Answer:

$660,000

Explanation:

Relevant data provided

During 2017 = $200,000

During 2018 = $320,000

During 2019 = $140,000

As per the given question the solution of Amount to be reported as unearned service contract revenues is provided below:-

Amount to be reported = During 2017 + During 2018 + During 2019

= $200,000 + $320,000 + $140,000

= $660,000

To reach  amount to be reported as unearned service contract revenues we simply put the values into formula.

You might be interested in
Mary begins an internship at a small company that makes touchscreens for imported smartphones. Her first assignment is to estima
vova2212 [387]

Answer:

Mary should answer that more than half of the boxes not be rejected.

Explanation:

Probability:

Box has one defective screen = 0.6

Box has three defective screen = 0.4

no. of screens in a box = 8

The box is rejected if both of the inspected screens are defective.

Probability of rejecting a box:

=0.6\times\frac{1}{8}\times\frac{0}{7} + 0.4\times\frac{3}{8}\times\frac{2}{7}

= 0.04286

Only 4.286% of the boxes will be rejected.

Therefore, Mary should answer that more than half of the boxes not be rejected.

6 0
2 years ago
When a person whose duty is conditional leads the other party to rely on his noninsistence on the condition, the condition will
Tems11 [23]
The condition will be excused because of ESTOPPEL. Estoppel is an obstruction which prevents a person from asserting a right or denying a fact. The obstruction is normally due to the person action, conduct or failure to act. The principal aim of estoppel is to prevent injustice due to inconsistency or fraud. Estoppel is of two types: equitable and legal estoppel. 
3 0
2 years ago
What are three important skills for teamwork and collaboration?
Gelneren [198K]
1. Communication
2. Loyalty
3. Honesty
7 0
3 years ago
Assume the firm's dividend is $3.44 this year, and that the required rate of return for the firm's industry is 10.2%. The firm's
creativ13 [48]

Answer:

<h2>i hope D is right answer </h2>

Explanation:

<h2> .........7⃣7⃣7⃣7⃣7⃣7⃣</h2>

6 0
2 years ago
Grain co-op, llc and hearty cereals, inc., discuss the terms of a contract for periodic deliveries of corn. grain faxes hearty a
pishuonlain [190]
The answer is "<span>Refer to Fact Pattern 16-1. Between Grain and Hearty, there is a</span><span> written contract".
</span>
An agreement is a verbal or written consent to do work in return for some advantage, for the most part an payment. A written contract is an agreement made on a printed record that has been marked by both the moneylender and the borrower. Composed contracts are lawfully official and less demanding to implement than oral contracts.
3 0
2 years ago
Other questions:
  • As a pensioner A staffing firm provides landscaping services for clients on an ongoing basis. The staffing firm selects and pays
    14·1 answer
  • "Ethan (single) purchased his home on July 1, 2009. He lived in the home as his principal residence until July 1, 2016, when he
    15·1 answer
  • Data were collected in twenty major urban areas on the percent of women in the labor force. Data were collected in 1968 and agai
    10·1 answer
  • Below are approximate amounts related to retained earnings reported by five companies in previous years. Coca-Cola reports an in
    5·1 answer
  • Claremore Company received $7,000 as payment from Tulsa Company for a sale made on account in the previous month. Which of the f
    15·1 answer
  • Generally, a business should consider insuring against an event when the risk
    13·1 answer
  • If a consumer buys flour because he loves baking, the flour is counted as part of GDP. If a bakery buys flour as an input to bak
    9·1 answer
  • When an interviewer says, “Tell me about yourself,” you should feel free to talk openly about your personal life.
    8·2 answers
  • When a company recognizes a cash revenue event that is subject to state sales tax, the balance in the Cash account increases by
    7·1 answer
  • If $25,000 of fixed costs will be eliminated by discontinuing the Sporty line, how will operating income be affected
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!