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kozerog [31]
3 years ago
12

The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows:RevenuesRevenues from our ma

gazine subscription services are deferred initially and later recognized as revenue as subscription services are provided.Assume TTT (a) collected $490 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $239 million of services on these subscriptions in 2018, and (c) provided $251 million of services on these subscriptions in 2019.
Business
1 answer:
mrs_skeptik [129]3 years ago
3 0

Answer:

Question requires the journal entries to record a, b and c.

a.

Date         Account Title                                            Debit                 Credit

2018         Cash                                                  $490,000,000

                Unearned revenue                                                     $490,000,000

b.

Date         Account Title                                            Debit                 Credit

2018        Unearned revenue                            $239,000,000

               Service revenue                                                           $239,000,000

c.

Date         Account Title                                            Debit                 Credit

2019         Unearned revenue                          $251,000,000

                Service revenue                                                          $251,000,000

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C. The Federal Reserve Bank can provide a short-term loan to banks

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Explanation:

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El Niño wind patterns affected the weather across the United States during the winter of 1997–1998. Suppose the demand for home
Fed [463]

Answer:

The price elasticity of demand for home heating oil is-0.36

Explanation:

In order to calculate the price elasticity of demand for home heating oil we would have to use the following formula:

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According to the given data we have the following:

demand for home heating oil in Connecticut=Q = 20 – 2 Phho + 0.5 Png – TEMP

current price of home heating oil=$1.20

current price of natural gas =$2.0

Therefore, if Q = 20 – 2 Phho + 0.5 Png – TEMP, then:

Q=20 – 2*1.2 + .5*2 – 12

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The price elasticity of demand for home heating oil is-0.36

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3 years ago
A 63-year-old man presents to the office with hematuria, hesitancy, and dribbling. Digital rectal exam (DRE) reveals a moderatel
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Answer:

A 63-year-old man presents to the office with hematuria, hesitancy, and dribbling.

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7 0
3 years ago
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an ela
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Answer:

Material Price Variance= $ 11640 favorable

Material Quantity Variance= $6800 Unfavorable

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Actual quantity used:  Purchases Less Ending Inventory 13000 ounces- 3300 ounces=  9700 ounces

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Standard price : $ 20.00

Material Price Variance= (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

Material Price Variance= ($ 18.80 * 9700)-($20.0 *9700)= $ 182360- $ 194000= 11640 Favorable

Material Price Variance= $ 11640 favorable

Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance=($20 *9700)-($ 20 * 9360)

Material Quantity Variance=$ 194000-187200= 6800

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Total direct materials variance= $ 11640 favorable -$6800 Unfavorable

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2. Yes they should as he is offering less price than the standard price.

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