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
Anton [14]
2 years ago
6

sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at the beginn

ing of the subscription period. On April 1, 2021, total sales of one-year subscriptions are $12,000. What adjusting entry does WatchTV need to record on December 31, 2021
Business
1 answer:
lesya [120]2 years ago
4 0

Answer:

a. Debit deferred revenue and credit service revenue for $9000.

Explanation:

Note: The full question is attached as below

Subscription earned for 9 months = $12000 / 12 * 9

Subscription earned for 9 months = $9,000

Date                 Account titles              Debit    Credit

Dec 31, 2021    Deferred revenue       $9,000

                             To Service revenue                $9,000

You might be interested in
Craftwell Inc. pays a​ $0.75 dividend every quarter and will maintain this policy forever. What price should you pay for one sha
Advocard [28]

Answer:

Quarterly dividend (D) = $0.75

Annual return (Ke) = 10.5% = 0.105

Quarterly return = 0.105/4 = 0.02625

Current market price = <u>Quarterly dividend</u>

                                       Quarterly return

                                   =<u> $0.75</u>

                                       0.02625

                                  = $28.57

Explanation:

Current market price is the ratio of quarterly dividend paid divided by quarterly return.

3 0
3 years ago
3. What do you think has more risk: buying corporate bonds or buying a second house in hopes that housing prices increase?
const2013 [10]

Answer:

buying a second house

Explanation:

bonds have a high chance of providing returns whereas the housing market is very hard to predict

6 0
3 years ago
It is characteristic of – goods that they are not used up in the short run. A society can choose to – some quality of life now—f
LenaWriter [7]

Answer:

It is characteristic of CAPITAL goods that they are not used up in the short run. A society can choose to SACRIFICE some quality of life now BY PURCHASING fewer consumer goods ANS SAVING MONEY in order to build up its stock of capital goods. This will lead to a HIGHER QUALITY OF LIFE and more consumer goods PURCHASED AND CONSUMED later on.

Explanation:

A consumer can choose between saving and spending money, that is measured by the marginal propensity to consume or the marginal propensity to save. Money that is spent now, will provide a certain satisfaction in the present, but nothing in the future. Money saved will not provide a certain satisfaction in the present, but should provide much more satisfaction in the future since it should grow as time passes.

8 0
3 years ago
Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return fro
lutik1710 [3]

Answer:

A. NPV for A= $61,658.06

NPV  for B = $25,006.15

B.  1.36

1.17

Project A

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calcuated using a financial calculator

for project A :

Cash flow in

Year 0 = $(172,325)

Year 1 41,000

Year 2 47,000

Year 3 85,295

Year 4 86,400

Year 5 56,000

I = 10%

NPV = $61,658.06

for project B

year 0 = $ (145,960)

Cash flow in

Year 1  27,000

Year 2  52,000

Year 3 50,000  

Year 4 71,000

Year 5  28,000

I = 10%

NPV = $25,006.15

profitability index = 1 + NPV / Initial investment

for project A, PI = $61,658.06 / 172,325 = 1.36

For project B, PI = $25,006.15 / 145,960 = 1.17

The project with the greater NPV and PI should be chosen. this is project A.

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

3 0
2 years ago
Gilberto Company currently manufactures 90,000 units per year of one of its crucial parts. Variable costs are $3.20 per unit, fi
Elina [12.6K]

Answer:

Part 1

total incremental cost of making 90,000 units =  $388,000

total incremental cost of buying 90,000 units = $396,000

Part 2

There is a cost advantage of $8,000 of making than buying, therefore  the company should continue to manufacture the part.

Explanation:

total incremental cost of making 90,000 units

Variable costs are ($3.20 x 90,000 units)    $288,000

Fixed Costs                                                      $100,000

Total                                                                 $388,000

total incremental cost of buying 90,000 units

Purchase Price ($4.40 x 90,000 units)          $396,000

Total                                                                 $396,000

Decision :

There is a cost advantage of $8,000 of making than buying, therefore  the company should continue to manufacture the part.

6 0
2 years ago
Other questions:
  • A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 2
    9·2 answers
  • For traditional retailers selling physical goods, _____ is the biggest constraint limiting a firm's ability to offer customers w
    14·1 answer
  • Using an example, explain the relationship between human resources and business objectives.
    9·1 answer
  • The intrinsic value of CSR sees it as an opportunity that can maximize core competencies and identify new competitive ______.
    10·1 answer
  • On December 31 of the current year, Sam Company was merged into Paul Company. In carrying out the business combination, Paul Com
    14·1 answer
  • In her role as a grocery store general manager, Shara is able to make changes that affect customers, store employees, and indivi
    5·1 answer
  • Jackson Manufacturing Company had a beginning inventory of $23,000. During the year, the company recorded inventory purchases of
    5·1 answer
  • What is a tax bracket? in your own words. ​
    6·1 answer
  • In the 2008 global financial crisis, many investors considered the US economy a safe place to move their assets What is the pred
    6·1 answer
  • When merchandise sold is assumed to be in the order in which the purchases were made, the company is using.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!