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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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Tanya Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on the East Coast. On January
prisoha [69]

Answer:

Following are the solution to the given point:

Explanation:

In point a:

Sum of:

= ($89,000 + $3,000)

= $92,000  

Modified foundation= -$80,000  

A real profit= $12,000  

Gain (boot received) recognised = $3,000  

Tanya's West Coast Changed Base:  

Fair Market  = $89,000  

Posted benefit:

= ($ 12,000- $ 3,000)

=  $ 9,000  

Adjusted Base =$80,000  

In part b:

Realized benefit calculation:  

Sum of =  $92,000

Modified Base =$72,000 + $3,000 = $75,000  

A real profit= $17,000    

gain was accepted = $0  

Changed base of Martin to the West Coast:  

Fair Market = $92,000  

Gain deferred  = ($17,000-$0) = $ 17,000  

Adjusted Base  = $75,000

In point c:

Recognized benefit from Martin:  

Value = $1,20,000  

Base adjusted= $ 75,000  

actual gain = $45,000  

Gain  Recognized= $45,000

In point d:

Tanya has little effect mostly on selling by Lisa of an eastern seaboard ground. There is no supposed selling care among Lauren and Tanya after selling property on the eastern seaboard since they are unrelated parties.

In point e:

sum of = $92,000.

Tanya 's acceptable basis is $80,000 ($89,000-($12,000-$3,000)).

actual benefit = $ 12,000  

gain benefit = $3,000  

Since the trade is deemed a non-taxable trade, $3,000 is recognized of the total $12,000 benefit. Its ground earned is $80,000 adjusted.

5 0
2 years ago
If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________
Delicious77 [7]

Answer: 258 million

Explanation:

The labor force refers to the number of people who are employed and the unemployed who are also looking for work.

Let the labor force be represented by x. Based on the question given, we can form an equation which will be:

5.8% of x = 15 million

0.058x = 15 million

x = 15million / 0.058

x = 258 million

Therefore, the labor force is approximately 258 million.

6 0
2 years ago
Your text indicated that several groups were protected by federal equal opportunity legislation. In these examples, indicate whe
ehidna [41]

Answer:

a. A recently retired military veteran was not offered a job for which she was qualified.  Yes ( Veterans)

b. A Mormon says his religion forbids him to work on certain days.  Yes ( Religion)

c. A person who is hearing impaired claims she is disabled.  Yes (Disability)

d. A homosexual applicant wasn’t hired because of his sexual orientation. Yes (Sex: Sexual orientation)

e. A male wasn’t hired for a sales position in a retail store specializing in women’s shoes.  Yes (Sex)

f. A 24-year old woman wasn’t hired for a managerial position because she was too young.  No ( Age considerations begins from 40)

g. A Norwegian applicant claimed he wasn’t hired because a Chinese restaurant hired only Asians.  Yes (national origin)

h. A light-skinned African American would not hire a dark-skinned African American.  Yes (genetic discrimination)

i. A store wouldn’t hire anyone with a college degree because it thought they were snobs. No

j. A fast-food chain refused to hire any males with long hair. No

Explanation:

The federally protected class are a group of people whom the law in the United States protects from discrimination especially in the employment setting. They are grouped under race, religion, sex, pregnancy, familial, national origin, genetic discrimination, veterans, and disability. Options f, i, and j do not fall under these classes.

f. The age discrimination in Employment Act applies for people from the age of 40.

i. College degree is not a consideration among the federally protected class.

j. Gender or sex is not the issue here but a feature of the gender.

4 0
3 years ago
The value proposition for the AARP brand is seen in what kinds of benefits for the members? (Select 3)
FrozenT [24]

Answer:

Ensuring products are well below the going market rate.

Quality of products offered.

Efforts to improve the lives of members.

Explanation:

3 0
2 years ago
Which of the following is not a goal of federal economic policy? full employment growth a high savings rate Keynesian economics
Ivan

Answer:

high savings rate

Explanation:

High savings rate is not a goal of federal economic policy. The goal of federal economic policy is to achieve full employment, economic growth and stable prices.

However 'high savings rate' is achieved when interest rates are increased in order to fight inflation and achieve 'stable prices' because people keep their money in the banks to take advantage of the benefit of earning interest BUT this is not always the case because 'higher interest rates' works against full employment by making it too costly for firms to borrow for investments which will definitely create jobs.

5 0
3 years ago
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