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pishuonlain [190]

1 year ago

6

After buying a mini cooper, kate began paying more attention to advertisements for mini and spent more time on websites reading

about how much mini drivers love their cars because she was sympathetic to these messages and found them pleasant

1 answer:

Tatiana [17]1 year ago

6 0

WHAT is the question???????? idk how to answer

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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

nika2105 [10]

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

5 0

2 years ago

Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The l

Serjik [45]

Answer:

Objective function:

Maximize Z: 30P1 + 25P2 + 28P3

Subject to: 2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)

2.50P1 + 2.00P2 + P3 ≤ 350 (Department B constraint)

0.25P1 + 0.25P2 + 0.25P3 ≤ 50 (Department C constraint)

P1, P2, P3 ≥ 0 (Non-negativity)

Explanation:

The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.

The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.

8 0

1 year ago

Giorgio Italian Market bought $8,000 worth of merchandise from Food Suppliers and signed a 90-day, 10% promissory note for the $

Mekhanik [1.2K]

Answer and Explanation:

The journal entry is shown below:

Cash $8,200

To Notes receivable $8,000

To Interest revenue ($8,000 × 10% × 90 days ÷ 360 days) $200

(being the collection of notes is recorded)

For recording this we debited the cash as it increased the asset and credited the notes receivable and interest revenue as it decreased the assets and increased the revenue

4 0

2 years ago

George works in the accounting department at the Green Goddess Lawn Services, where it is his job to record all transactions int

Sedbober [7]

Answer:

The correct answer is post the information to the ledger.

Explanation:

In accounting, the general ledger is a document where all the transactions of corporations are recorded in chronological order. Each account must have a different book, which must be affected each time the accounts are involved in this process. These records make it possible to know the movements in a more detailed way, since unlike the journal in this case, only a single group of accounts is known and not the whole.

7 0

1 year ago

Portions of the financial statements for Software Associates are provided below. SOFTWARE ASSOCIATES Income Statement For the ye

charle [14.2K]

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $78,000

Adjustment made:

Add : Depreciation expense $33,000

Add: Decrease in accounts receivable $10,000

Add: Decrease in inventory $13,000

Add: Increase in accounts payable $7,000

Less: Decrease in salaries payable -$4,000

Add: Increase in income tax payable $8,000

Less: Increase in prepaid rent -$3,000

Total of Adjustments $64,000

Net Cash flow from Operating activities $142,000

7 0

1 year ago