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Anit [1.1K]
3 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]3 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.

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Select all of the factors that affect the level of wages.
Ksivusya [100]

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<h3>How do you determine the level of wages?</h3>

Wages are decided through supply and demand, however, they may be stimulated through a huge form of factors, inclusive of the fee of living in a specific area, the presence of a union, and the modern-day minimal wage.

Pay prices additionally range through gender, race, training degree, and talent degree of the workforce.

Thus, the correct options are skills and abilities, the size of the labor pool, and the actions of labor unions.

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2 years ago
________ is a competitive strategy for creating brand loyalty by developing new and unique products and services that are not ea
boyakko [2]

Answer: PRODUCT DIFFERENTIATION

Explanation:

This is a marketing strategy that some companies employ whereby they aim to distinguish their products from that of competitors by giving it certain features that expound on its strength in the market.

This strategy can create a competitive advantage for goods that will ensure that the company maintains a dominant place in the market.

7 0
3 years ago
Select all the correct answers
m_a_m_a [10]

D and E are be the correct answers

4 0
3 years ago
Read 2 more answers
Consider three closed economies. In the first economy, households spend $0.50 of each additional dollar they earn and save the r
aleksklad [387]

Answer:

b. In the first economy, the spending multiplier is greater than in the second economy. In the third economy, the spending multiplier is undefined

Explanation:

This can be easily understood by going through some calculations in a spending multiplier formula.

WORKINGS

The formula for Spending Multiplier = \frac{1}{MPS}

Spending Multiplier

Economy 1: Multiplier = \frac{1}{0.5} = 2

Economy 2: Multiplier = \frac{1}{1} = 1

Economy 3: Multiplier = \frac{1}{0} = undefined

Note: MPS can be abbreviated as Marginal propensity to save

As we can see here economy 1 is 50% greater than economy 2 and economy 3 is undefined because they spend whole dollar they earn additionally.

On behalf of the above calculations,  option B is a perfect match!

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3 years ago
If Sasha works for 6 hours she can rent
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<h3>What is Sasha's marginal benefit?</h3>

This refers to the additional number of benefits that Sasha gets when she works an extra hour.

As a result of working one extra hour from 6 hours to make it 7 hours, the additional benefit Sasha gets is:

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