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Klio2033 [76]
3 years ago
14

Marigold Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 96000 subs

criptions in January at $20 each. What entry is made in January to record the sale of the subscriptions
Business
1 answer:
ANEK [815]3 years ago
4 0

Answer:

Dr Cash $1,920,000

Cr Unearned Subscription Revenue $1,920,000

Explanation:

Since The magazine sells 96,000 subscriptions in January at the amount of $20 each which means that the appropriate journal entry that made in January to record the sale of the subscriptions will be

Dr Cash $1,920,000

Cr Unearned Subscription Revenue $1,920,000

(96000*$20)

(To record the sale of the subscriptions)

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Allocative efficiency occurs:
jonny [76]

Answer:

a. Anywhere inside or on the production possibilities frontier.

Explanation:

In an economy, the allocative efficiency may be defined as the economic state where the production of various goods or services is aligned with the preferences with the consumers.  

The allocative efficiency always materializes at the intersection of the supply curves and the demand curves.

On the \text{equilibrium point,} the price for a supply \text{exactly matches} with the demand for the product \text{for that supply} at that price, and thus all the products are sold.

It occurs anywhere on the production possibilities frontier or on the inside of the frontier.

Therefore, the correct option is (a).

5 0
2 years ago
According to lawrence and lorsch, the stability of an organization's environment determine(s) the degree of ____.
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8 0
3 years ago
yamaha incorporated hires a new chief financial officer and promises to pay him a lump-sum bonus four years after he joins the c
4vir4ik [10]

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7 0
1 year ago
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $314,000 and in Allowance for Uncollectible A
Alex787 [66]

Answer:

$11,750

Explanation:

The computation of bad debt is shown below:-

Bad debt expense = Estimated allowance for uncollectible at the year end - Existing balance in allowance for uncollectible account credit balance

= ($314,000 × 4%) - $810

= $12,560 - $810

= $11,750

Therefore for computing the bad debt expenses we simply applied the above formula.

8 0
2 years ago
When Paul is assigned the task of reviewing his company's employee handbook, he should suggest that _____ be edited or removed t
LenaWriter [7]

Answer:

the phrases "probationary employee" and "permanent employee"

Explanation:

Based on this information he should suggest that the phrases "probationary employee" and "permanent employee" be edited or removed to avoid implied contracts that might negate the company's employment-at-will rights. This refers to the rights of an employer to be able to terminate the employee at any time that they see fit but only if they have a valid and legal reason. Otherwise they will be legally liable.

3 0
3 years ago
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