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Lubov Fominskaja [6]
3 years ago
11

Question 7 of 10

Business
1 answer:
bonufazy [111]3 years ago
5 0
To keep track of the money in ur checking acc
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On september 1, 2018, fortune magazine sold 660 one-year subscriptions for $74 each. the total amount received was credited to d
Dafna1 [17]
The Company recorded 660 x 74 = $48,840 in deferred revenue. This is a liability account that means they still owe the service or good which they have been paid for. 
Every month, the company records an adjusting entry, recognizing one twelfth of the 48,840, 4,070, because they have earned another month of that deferred revenue by providing the magazine. 
The journal entry on December 31, 2018, will be
Deferred Revenue  4,070
         Revenue                 (4,070)
If this is the first time they've made the entry, then they will recognize earned revenue for Sep, Oct, Nov and Dec, 
Deferred Revenue 16,280
         Revenue                 (16,280)
3 0
3 years ago
What is a saturated market like for sellers? A. Consumer demand is higher. B. It contains more available consumers. C. It is mor
mestny [16]
Hello,

The answer should be option D "<span>It encourages companies to produce more of the product".

Reason:

A saturated market is a product that is distributed which means companies would have to make more of that product in order to make money, and to have more consumers buy their products. The answer is not option A because the consumer will demand more of the product but not to be higher. Its not option B because the product is being distributed among people but not different consumers. Its also not option C because its not against other markets. Therefore the answer is option D.

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit </span>
4 0
3 years ago
Read 2 more answers
Who receives the goods or services from the lottery
shepuryov [24]
The person who wins!!!!!!!!!!!!!


7 0
3 years ago
Condensed financial data of Windsor, Inc. follow. Windsor, Inc. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $56
Solnce55 [7]

Answer:

                                      Windsor, Inc.

                             Statement of Cash Flows

                                  December 31, 2022

Cash flow from operating activities

Net income                                                                           $108,206

Adjustments to net income                                                   $19,005

  • Depreciation expense $32,550
  • Loss on disposal of assets $5,250
  • Increase in prepaid expenses ($1,680)
  • Increase in accounts payable $24,290
  • Increase in accounts receivable ($34,860)
  • Increase in inventory ($6,755)
  • Decrease in accrued expenses payable ($3,150)

<u>                                                                                                               </u>

Total cash flow from operating activities                           $123,851

Cash flow from investing activities

Increase in long term investments                                    ($20,300)

Purchase in new plant assets                                            ($70,000)

Proceeds from disposal of assets                                         $1,050

<u>                                                                                                               </u>

Total cash flow from investing activities                          ($89,250)

Cash flow from financing activities

Issuance of common stocks                                                $31,500

Payment of bonds payable                                               ($25,200)

Dividends paid                                                                     ($18,221)

<u>                                                                                                              </u>

Total cash flow from financing activities                            ($11,921)

Total increase in cash                                                        $22,680

Cash balance December 31, 2021                                     $33,880

<u>                                                                                                              </u>

Cash balance December 31, 2022                                    $56,560

Explanation:

2022 2021

Cash $56,560 $33,880 +22,680

Accounts receivable 61,460 26,600 +34,860

Inventory 78,750 71,995 +6,755

Prepaid expenses 19,880 18,200 +1,680

Long-term investments 96,600 76,300 +20,300

Plant assets 199,500 169,750 +29,750

Accumulated depreciation (35,000) (36,400) -1,400

Total $477,750 $360,325

Liabilities and Stockholders' Equity

Accounts payable $71,400 47,110 +24,290

Accrued expenses payable 11,550 14,700 -3,150

Bonds payable 77,000 102,200 -25,200

Common stock 154,000 122,500 +31,500

Retained earnings 163,800 73,815 +89,985

Total $477,750 $360,325

Depreciation expense 32,550

Interest expense 3,311

Loss on disposal of plant assets 5,250

Net income $108,206

cash dividend of $18,221

4 0
3 years ago
Which characteristics should a nurse focus on to become an effective transformational leader?
meriva

Effective communication is a critical component of successful transformational leadership in nursing.

Open, sincere communication is necessary for personnel to understand their responsibilities and the objectives they are working toward. A nurse leader's commitment to others, including the staff, families, and patients, demonstrates to others that she or he is not only in a leadership position for personal gain but also for the benefit of those being led.

These leaders empower people to share a common vision and objective for the organization rather than using their position of authority to enforce change.

To know more about communication, click here:-

brainly.com/question/22558440

#SPJ4

6 0
2 years ago
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