answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LenaWriter [7]
2 years ago
14

A company receives $6,500 for two season tickets sold on September 1. If $2,500 is earned by December 31, the adjusting entry ma

de at that time is a debit to Cash, $2,500, and a credit to Ticket Revenue, $2,500.A. TrueB. False
Business
1 answer:
nika2105 [10]2 years ago
5 0

Answer:

The answer is false.

Explanation:

The $6,500 received for two seasons ticket is unearned revenue at September 1.

Unearned revenue have been received in advance but the customer has not enjoyed the service.

As the company enjoys this service monthly till the subscription finishes, revenue will be recognized and unearned revenue which is a liability in the balance sheet will reduce by the same value.

Two seasons ticket is 2 years(24 months).So what will be recognized monthly will be $270.83 ($6,500/24months)

September 1 through December 31 is 4 months.

So the adjusting entry at December 31 is 4 x $270.83

=$1,083.32

You might be interested in
Vaughn Manufacturing has outstanding 596000 shares of $2 par common stock and 119000 shares of no-par 6% preferred stock with a
natima [27]

Answer: $107,900

Explanation:

Cumulative Preferred Shares refer to shares that a company has to pay dividends eventually. This means that if they are unable to pay for some years, they are to accrue that payment until they are able to.

There are 119000 shares of no-par 6% preferred stock with a stated value of $5.

That means preferred shares are liable to the following amount of dividends,

= 119,000 * 5 * 6%

= $35,700

Preferred Shares have not being paid for the past 2 years and need to be paid in the current year as well. That means 3 payments,

= 35,700 * 3

= $107,100

Preferred Shares are to be paid $107,100 out of the $215,000 with the rest going to common shares.

Amount going to Common Shares is,

= 215,000 - 107,100

= $107,900

Common Stockholders are to receive $107,900

7 0
2 years ago
A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is kno
raketka [301]

Here is the correct question.

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answer:

the minimum design factor that will guarantee that the part will not fail. = 1.434

Explanation:

Looking at the uncertainty; loss of strength must be raised to \dfrac{1}{0.85} due to the stress that causes the failure (strength)  is known within ±15% uncertainty.

Looking at the uncertainty; the maximum allowable load  must be reduced to \dfrac{1}{1.1} because the load is known with an uncertainty of ±10.

Looking at the uncertainty; the diameter must be raised to \dfrac{1}{0.95}  because the diameter is known within an uncertainty of ±5.

The decrease in the maximum allowable stress can be estimated as:

\sigma' = \dfrac{P'}{A'}

where,

\sigma = stress

P = load

A = cross-sectional area of the cylinder

∴

\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}

replacing P' with \dfrac{1}{1.1}P   and d' with \dfrac{1}{0.95}d, we have:

\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }

\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times 0.82045

\dfrac{\sigma' }{\sigma } =0.82045

Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045

Now, the minimum design factor that will ascertain that the part will not fail can be computed as:

n_d = \dfrac{loss  \ of  \ function \  parameter }{maximum \  allowable \ parameter}

where;

the design factor = n_d

n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}

the design factor  n_d = 1.434.

Thus,  the minimum design factor that will guarantee that the part will not fail. = 1.434

7 0
2 years ago
Hannah and Ellen rely on consistent messages received via word of mouth and are older and more conservative than other customers
Aleks04 [339]

Answer:

they fall into early majority

5 0
2 years ago
Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Colu
Mekhanik [1.2K]

Answer:

Value of closing Inventory under absorption costing = $56,610

Explanation:

Provided sales for the month = $902,000 a the rate of $22 per unit.

That means sales in units = $902,000/ $22 = 41,000 units.

Provided opening stock of finished goods = 8,770 units

Production for the month of November = 35,560 units

Closing inventory = Opening + Manufactured - Sales

                              = 8,770 + 35,560 - 41,000 = 3,330

Under absorption costing only manufacturing overheads are added to the cost of goods, operating expenses like selling & administrative do not form part of that.

Variable cost of goods sold do not include operating expenses, as variable selling expenses are provided separately.

Therefore cost of goods sold per unit = $574,000/41,000 = $14 per unit.

Variable selling expenses will not form part of value of closing inventory under absorption costing.

Fixed manufacturing expenses will be considered fully with the production quantity of 35,560 units as no production capacity has been provided.

Manufacturing fixed cost per unit = $106,680/35,560 = $3 per unit

Value of closing Inventory = Cost of goods sold per unit + Fixed cost per unit allocated

= ($14 X 3,330) + ($3 X 3,330) = $56,610

8 0
2 years ago
Elena has been absent without excuse twice during the past month. Her manager calls her into his office and issues a written​ wa
Leona [35]

Answer:

Basic corrective action

Explanation:

Basic corrective action is undertaken by management to its staff or employees in order to eliminate further recurrence of non-conformity with organization procedures, rules and policies. The written warning to Elena is an example of basic corrective action in order for her to stop absenteeism from work.

3 0
2 years ago
Other questions:
  • Who creates the demand for coffee shops? Who creates the demand for coffee shop employees?
    12·2 answers
  • Locking a cell so that others cannot alter its contents is known as _____.
    5·1 answer
  • Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her
    13·2 answers
  • Biologically, emerging adulthood has traditionally been the optimal time for hard physical work and _____.
    6·1 answer
  • If a company does not intend to expand globally, but exports some products without customizing for international markets, it sho
    10·1 answer
  • Cornwall Company has two divisions, A and B. Information for each division is as follows: A B Net earnings for division $ 40,000
    7·1 answer
  • Jewel Service anticipates the following sales revenue over a five-month period: The company's sales are 40% cash and 60% credit.
    14·1 answer
  • A decline in the domestic real interest rate would cause a ________ in net exports and a ________ in the exchange rate.
    8·1 answer
  • Given the following information regarding an income producing property, determine the internal rate of return (IRR) using levere
    9·1 answer
  • World-Tour Co. has just now paid a dividend of $2.83 per share (Div0); its dividends are expected to grow at a constant rate of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!