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dalvyx [7]
2 years ago
11

Journalize the following transactions.a. On December 1, $13,250 was received for a service contract to be performed from Decembe

r 1 through April 30. b. Assuming the work is performed evenly throughout the contract period, journalize the adjusting entry required on December 31.
Business
2 answers:
julsineya [31]2 years ago
7 0

Answer:

On December 1

$18000 To unearned revenue AC

Explanation:

$18000÷5months

=$3600

irakobra [83]2 years ago
4 0

Answer:

hello didi the code on their own lives r

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Which ratio is helpful in understanding whether the relationship between cash and marketable securities is reasonable in relatio
slamgirl [31]

Answer:

The ratio that is helpful in understanding whether the relationship between cash and marketable securities is reasonable in relation to current assets or total assets is;

Current assets/Total assets

Explanation:

Current assets represent a portion of the total assets that can be converted into cash or marketable securities quickly. A higher Current assets to total assets helps one to know the amount of the total assets that can be liquidated fairly quickly. The current assets should be able to be converted into cash or cash equivalents within a year to be deemed as a current asset. Examples of current assets are; cash, cash equivalents, stock inventories, market securities, accounts receivable, inventories and other liquid assets.

Current assets are the exact opposite of long-term assets, since the latter represents the portion of total assets that can not be easily converted in cash and cash equivalents within a year. They usually take a much longer time to convert into cash. They are; equipment, land and buildings.

The total assets include all the assets mentioned above. The summation of currents assets and long-term assets form the total assets.

5 0
3 years ago
what are five ways you can make sure the customers experience is the best that can possibly turn them into a loyal customer?
DanielleElmas [232]

Answer:

Here is 6 ways

Explanation:

1. Set up ways to communicate with your customers

2. Provide extra perks for your most loyal customers

3. Consider different payment plans

4. Provide great customer service

5. Don’t rely too much on technology

6. Offer a head start

8 0
2 years ago
Miller owns a personal residence witha fair market value of $308,000 and an outstanding first mortgage of $246,400. Miller gets
marysya [2.9K]

Answer: $246,400

Explanation:

Qualified residence indebtedness refers to the mortgage that's taken to purchase or improve on one's main home.

Based on the information given above, the on the $246,400 of the first and second mortgage is treated as qualified residence indebtedness.

3 0
3 years ago
Consider Country (Z) with a GDP level of 210,000 and a growth rate of 5% in 2019 (i.e. calculated at the end of year 2019). The
Natasha2012 [34]

Answer:

Please help me, l can not answer it

Explanation:

4 0
3 years ago
Suppose that Portugal and Switzerland both produce fish and olives. Portugal's opportunity cost of producing a crate of olives i
Rashid [163]

Answer:

Portugal has comparative advantage in producing olives.

Switzerland has comparative advantage in producing fish.

Portugal can gain from trade if it receives more than 3 pounds of fish per crate of olives.

Switzerland can gain from trade if it receives more than 1/11 of olives for each pound of fish.

d. 18 pounds of fish per crate of olives.

Explanation:

Switzerland and Portugal both countries can produce Olives and fish. One country has advantage in producing fish while other has advantage in producing olives. Both countries can gain from trade if they find a intermediary way so that both countries can be in win win situation. It is beneficial for Portugal if it trades with Switzerland if it receives more than 3 pounds of fish.

4 0
3 years ago
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