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igomit [66]
2 years ago
5

On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next seven months at a ra

te of $2,300 per month. The client paid Capitol $16,100 on September 1. The maintenance services began on that date. Assuming Capitol records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on December 31
Business
1 answer:
Aleonysh [2.5K]2 years ago
5 0

Answer:

Debit Unearned Revenue, Credit Service Revenue for $9,200

Explanation:

Date      Account Titles                      Debit     Credit

Sept 1    Cash                                     $16,100

                   Unearned service revenue           $16,100

Dec 31    Unearned service revenue $9,200

                     Service Revenue                          $9,200

                     ($2300 * 4 months)

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Menlo Company distributes a single product. The company’s sales and expenses for last month follow: sales 616,000 net operating
DerKrebs [107]

Answer:

Explanation:

Giving the following information:

The company’s sales and expenses for last month follow: sales 616,000 net operating income 31,200

Break-even point= fixed costs/ contribution margin

Break-even point (dollars)= fixed costs/ contribution margin ratio

Contribution margin= selling price - unitary variable cost

Contribution margin ratio= contribution margin/ selling price

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3 years ago
Having just finalized its new tablet design, Epic Electronics's marketing team plans to begin a rollout with ________ to only on
wlad13 [49]

Answer:

Exclusive distribution; Selective distribution; Intensive distribution

Explanation:

Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.

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Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.

4 0
3 years ago
Unit Elastic is elasticity where a change in the independent variable (usually price) generates a proportional change of the dep
elixir [45]

Answer:

The statement is true.

Explanation:

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The curve which has elasticity of 1 will be called as unit elastic.

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2 years ago
If your friend Raheem asks you, “What type of account should I use to save for retirement,” what would you tell him?
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Answer:

Roth IRA account

Explanation:

The best type of account that you should save money in for Retirement is a Roth IRA account. This will allow you to put and save a maximum of $5,500 USD per year which will compound annually with interest and can be redeemed when you retire. Once you redeem your money at the age of 65 1/2 it will be completely tax-free. Meaning you have no liabilities with that money whatsoever and you can simply enjoy your retirement with that money.

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2 years ago
AnaCarolina and Jaco, executive managers at Duke Manufacturing, are tasked with determining appropriate performance metrics for
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Answer:

a. number of returns due to incorrect products shipped in response to orders.

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AnaCarolina and Jaco, executive managers at Duke Manufacturing can use the number of returns due to incorrect products shipped in response to orders to determine appropriate performance metrics for the customer perspective of Duke's balanced scorecard.

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7 0
3 years ago
Read 2 more answers
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