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3 years ago

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Business

2 answers:

denpristay [2]3 years ago

8 0

Answer:

ayyyyyyy ssssaaaammmmmmeeeee

tankabanditka [31]3 years ago

7 0

me too

well everybody except for those nerds!

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The Maroon & Orange Gym, Inc., uses the accrual method of accounting. The corporation sells memberships that entitle the mem

SashulF [63]

Answer:

c. $180 in 2019

Explanation:

The company uses the accrual method of accounting. Under the method, revenues are reported on the income statement when they are earned, regardless of when the money is actually received or paid.

On July 1, 2017, the company sold a one-year membership and a two-year membership. In 2017, The Maroon & Orange Gym, Inc. has provided service for 6 months of each contracts.

Gross income of one-year membership in 2017 = $40 x 6 = $240

Gross income of one-year membership in 2017 = $30 x 6 = $180

Total income = $240 + $180 = $420

In 2018, the company continued to provide service for 6 months remaining of one-year membership and 12 months remaining of two-year membership.

Gross income of one-year membership in 2018 = $40 x 6 = $240

Gross income of one-year membership in 2018 = $30 x 12= $360

Total income = $240 + $360 = $600

In 2019, the company completed providing service for 6 months remaining of two-year membership.

Gross income in 2019 = $30 x 6= $180

4 0

3 years ago

Question 28 chelsea fashions is expected to pay an annual dividend of $1.10 a share next year. the market price of the stock is

ipn [44]

As per the dividend distribution model, the cost of equity = D1/P0 + g

where D1 = next year's dividend = 1.10

P0 = Current stock price = 21.80

g =growth rate = 4.5% =0.045

Cost of equity = 1.10/21.80 + 0.045 = 0.095458 = 9.5458% = 9.55%(Rounded)

3 0

4 years ago

Kingbird Inc. owns equipment that cost $672,000 and has accumulated depreciation of $174,000. The expected future net cash flows

aev [14]

Answer:

Explanation:

In this scenario, we compare the values between book value and the fair value of equipment, the difference would be the loss on impairment of the asset

In mathematically,

= Book value - fair value

where,

Book value = Equipment cost - accumulated depreciation

= $672,000 - $174,000

= $498,000

And, the fair value is $384,000

Now put these values to the above formula

So, the value would equal to

= $498,000 - $384,00

= $114,000

Now the journal entry would be

Loss on impairment A/c Dr $114,000

To Accumulated depreciation A/c $114,000

(Being the impairment loss is recorded)

4 0

4 years ago

Hamiter Framing's cost formula for its supplies cost is $1,640 per month plus $9 per frame. For the month of August, the company

yuradex [85]

Answer:

$6,788

Explanation:

The computation of the supplies cost in the planning budget is shown below:

= Supplies cost per month + number of frames in planned activity × per frame cost

= $1,640 + 572 frames × $9

= $1,640 + $5,148

= $6,788

We simply added the supplies cost and the planned frame cost so that the supplies cost for the planning budget could come

6 0

3 years ago

Mobile devices provide four types of value to users. ________ value describes the characteristic that the value consumers receiv

kozerog [31]

Answer:

monetary value

Explanation:

The majority of tasks that can be done by mobile services actually can cost people a certain amount of money if being done without using a mobile.

for example

you can get your new from either reading an article through mobile devices or you can purchase a new newspaper. in this example not using mobile device to read news will cost you additional money. This is what considered to be a monetary value.

8 0

4 years ago