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lilavasa [31]
2 years ago
13

18. A company is in its first month of operations. On January 15, the company receives $600 from customers who will receive 10 v

oice lessons ($60 per lesson). As of January 31, the company has provided 8 voice lessons. What adjusting entry would be made at the end of January? Post the adjusting entry for the scenario provided. Record the revenue for 8 voice lessons that the company has provided. The company would receive $600 from customers for 10 voice lessons ($60 per lesson).
Business
1 answer:
Amiraneli [1.4K]2 years ago
3 0

Answer:

The adjusting entry at the end of January:

Debit Unearned revenue: $480

Credit Revenue: $480

Explanation:

When recceived $600 on January 15 from customer, the company must record:

Debit Cash: $600

Credit Unearned revenue: $600

because all lessons are not provided by the company, the company can't recording revenue.

On January 31, the company provided 8 lessons, so the company must recording revenue for these lesson (8x$60=$480) by adjusting entry.

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Fore Farms reported a pretax operating loss of $137 million for financial reporting purposes in 2021. Contributing to the loss w
Brums [2.3K]

Answer: Hello your question is incomplete attached below is the complete question

answer:

1) attached below

2) Net operating income ( loss )  = - $104 million

Explanation:

Pretax operating loss = - $137 million

Non deductible Losses ; $5 million fine paid in 2021 ,

estimated $12 million loss from contingency that will be tax deductible in 2022

Enacted tax rate = 25%

Taxable operating income = - $120 million

attached below is the solution

4 0
2 years ago
A. Present one recent instance (within the last 50 years only) whereby a language, custom or national culture has been lost or d
const2013 [10]

Answer: 1. A. China in Zambia

B. Increased Market Share

Explanation:

A. China in Zambia

For years now many have worried about Chinese influence in China and what they view as subtle attempts by China to engage in modern day Colonialism through methods such as Predatory Loaning practices.

One glaring example is that of Zambia.

There are several ways in which the Chinese have established a foothold in Zambia and are making the country lose its sovereignty and national culture.

1. Loans for Infrastructure

China has invested massively in Zambia which is a big Copper exporter to enable them mine and capture the Copper that Zambia has for use in production in China. In the last 6 years, Zambia has embarked on over 29 projects all funded by about $9 billion in Chinese loans. With such loans being owed, the amount of Chinese influence will be great.

2. Small Scale Entrepreneurs

Chinese people have emigrated to Zambia in droves and some of them have started street level businesses also called Chinese Shops where they sell every day goods ranging from AA batteries to bicycles. These put pressure and compete with local Entrepreneurs who might not be able to get those goods as cheaply as the Chinese can from China. This as well as the importation of Chinese goods and services to feed the Chinese people involved has led to Zambian adopting Chinese foods and goods for themselves as well.

3. Political Interference

With such a huge investment in Zambia, many have noted with concern that China often meddles in the politics of the Southern African nations by picking candidates that will be more friendly to their Economic aspirations. This directly leads to a loss of sovereignty as well as an erosion in the independence of the national culture.

2. Oligopolies refer to firms that exist in an industry that has very few competitors and with the less competitions have a chance to make huge profits. Getting into the industries they operate in can be quite difficult due to high start-up costs as well as already well established competition. These include industries like the Motor and Aeroplane manufacturing industries.

As a result of Globalization, these companies have spread across the globe and as they are already established, they have the unique opportunity to charge less for their goods due to Economies of Scale. This allowed them to discourage local manufacturers in the newer companies they came to which could not hope to compete with such giants. This enabled the Oligopolies to capture the market share that the local competitors gave up thereby increasing the market share of these Oligopolies and by extension their Profitability.

7 0
2 years ago
If oligopoly firms decide to work together, either formally or informally, and honor the agreement then profits can be ________
Leno4ka [110]

Answer:

The correct answer is: maximized; reducing; increasing.

Explanation:

An oligopoly market is a market structure in which there is a small number of firms. The business decisions of each firm affect its competitors. There is no restriction on entry and exit of firms. There is a high degree of competition between firms.  

The firms can maximize their profits if they collude and act like a monopoly. They can earn monopoly profits by reducing the level of output and increasing the price of products.  

4 0
2 years ago
"Big Burger has 100,000 shares of common stock outstanding at a market price of $40 a share. There are 10,000 shares of 8 percen
oksano4ka [1.4K]

Answer:

weight % of equity = 76.05%

weight % of preferred stock = 5.70%

weight % of debt  = 18.25%

Explanation:

calculation for equity:

total number of equity is 100,000

market price of stock = 40

so total value of stock = 40 × 100,000 = 4,000,000

calculation for preferred stock:

total number of share is 10,000

market price of stock = 30

so total value of stock = 30 × 10,000 = 300,000

calculation for debt:

total number of bond is 1,000

market price of  bonds = 960

so total value of stock = 960 × 1,000 = 960,000

total value = 4,000,000 + 300,000 + 960,000 = 5,260,000

Calculation of weight percentage

weight % of equity  =\frac{4,000,000}{5,260,000} = 0.7604 = 76.04%

weight % of preferred stock   = \frac{300,000}{5,260,000} = 0.0570 = 5.70%

weight % of debt  = \frac{960,000}{5,260,000} = 0.1825 = 18.25\%

6 0
2 years ago
Beanstalk International is a rapidly growing company with well-established subsidiaries in several nations. The company wants to
miskamm [114]

Answer:

value chain analysis

Explanation:

Value chain analysis is a tool used within a firm to identify processes that add value in an organisation. It aims to reduce activities that constitute unnecessary cost and improve on processes that add value or give competitive advantage.

Beanstalk International needs a strategy that will help it differentiate primary and support activities in the company with a view of adding more value and adapting it's product to local preferences.

The value chain analysis is ideal for this to identify primary activities that drive company competitiveness.

5 0
2 years ago
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