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sergejj [24]
3 years ago
10

On October 1, 20X1, Paige Turner Publishing received $55,200 in cash for monthly subscriptions covering one year, recording the

entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 20X1, is: ____________
a. Debit Subscriptions Income $13,800; credit Unearned Subscriptions $13,800.
b. Debit Unearned Subscriptions $55,200; credit Subscriptions Income $55,200.
c. Debit Unearned Subscriptions $13,800; credit Subscriptions Income $13,800.
Business
1 answer:
Ket [755]3 years ago
6 0

Answer:

c. Debit Unearned Subscriptions $13,800; credit Subscriptions Income $13,800

Explanation:

Based on the information given the correct appropiate adjusting entry at December 31, 20X1, is to Debit Unearned Subscriptions $13,800 and Credit Subscriptions Income $13,800

December 31, 20X1

Debit Unearned Subscriptions $13,800

Credit Subscriptions Income $13,800

(3/12*$55,200=$13,800)

(October 1 to December 31 will gives us 3month)

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An expression of the activity of a process as the number of units that would have been processed during a period if all effort h
gavmur [86]

Answer:

D. Equivalent units of production

Explanation:

The term equivalent units of production refer to all the production at the end of an accounting period. In this period, some units were completed and some are unfinished, with a certain quantity of work made. These units represent a lower number of finished goods and in order to expose the whole production as finished units, only the percentage of work made is considered.

7 0
3 years ago
True or False. A post-closing trial balance is a list of all accounts and their balances after we have updated account balances
kotegsom [21]

Answer:

True

Explanation:

There are two columns in the trial balance, namely columns of debits and columns of credits. It is always important to balance the total debit and credit columns. The debit columns reflect assets and expenses side while sales, stockholder equity, and the liability side are listed in the credit column.

After passing the adjusting entries, the account balances are updated which we called a post-closing trial balance

So, the given statement is true

7 0
3 years ago
to effectively segment a market, you should ensure that the segments are relatively blank , at least in terms of prospective buy
Brilliant_brown [7]

To segment a market effectively, you should make sure the categories are fairly homogenous, at least in terms of the demands of potential customers and how they react to marketing.

Organizing potential customers into groups or segments with comparable demands and responses to marketing actions is referred to as market segmentation in marketing. Market segmentation helps businesses to target various customer groups who view the entire worth of particular goods and services in a variety of ways.

By identifying the items that are most likely to capture a portion of a target market and the most effective channels for marketing and distributing those products, market segmentation aids businesses in reducing risk.

To learn more about market segmentation here

brainly.com/question/14838959

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4 0
1 year ago
Southwest Airlines uses its assets very productively. Its turnaround time, or the time that its airplanes sit on the ground whil
mario62 [17]

Answer: Efficiency

Explanation:

Efficiency shows the highest performance level that utilizes the smallest amount of inputs to attain the biggest amount of output. Efficiency is the act of reducing unnecessary resources used in the production of a given output.

Efficiency reduces the waste of resources like energy, physical materials, and time albeit achieving the desired output. It is the aim of every organization to get the best results using the least cost. Southwest Airlines is efficient in its production since it uses its assets and time well.

8 0
3 years ago
Navistar Electric issued 1000 debenture bonds 2 years ago with a face value of $5,000 each and a bond interest rate of 15% per y
Natasha2012 [34]

Answer:

$7,081.25

Explanation:

Face value = 5000

Coupon = 15% paid annually. Semi annual payment = 750/2 = 375

Time to maturity = 18 years

Interest rate = 10% compounded semi-annually

P = 375(P|A, 5%, 36) + 5000(P|F, 5%, 36)

P = 375(16.58131488) + 5000(0.17265193)

P = 6217.99308 + 863.25965

P = 7081.25273

P = $7,081.25

So, the present worth of one bond today is  $7,081.25

4 0
2 years ago
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