On December 31st Griffen Publishing Company should debit Unearned Fees, - $1,161 and credit Fees Earned $1,161.
To solve for the first year = (total amount received/number of months) x accrued number of months
($1,546/36 months) x 9 months = $387
$387 dollars was earned the first year from the subscription.
To solve for the second year, subtract the total amount of $1,546 by the first years total of $387 and the amount that is left is from year two.
($1,546 - $387) = $1,546
Answer:
$80
Explanation:
This can be calculated as follows:
<u> Lake Co.</u>
Details $
Customer advances balance Dec 31, 2008 110
Advances received with 2009 orders 195
Advances applicable to orders in 2009 (180
)
Advances from orders canceled in 2009 <u> (45) </u>
Current liability for advances <u> 80 </u>
Therefore, Lake should report $80 as a current liability for advances from customers in its Dec. 31, 2009, balance sheet.
Answer:
The liability of John is $50.
Explanation:
When the ATM, credit, or debit cards of a customer are stolen or lost, both the Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) come into action to give protection to the customer.
Specifically, if the credit or debit card is stolen or lost, the FCBA provides that maximum amount of liability that the customer will bear for any unauthorized use is $50.
The EFTA provides that if the stolen card is reported within 2 business days, the maximum liability for any authorised transaction is $50.
Therefore, since John notified his financial institution on Thursday which is still within 2 business days, his liability is still $50 based on the provisions of the EFTA and also the FCBA.
Answer:
Burberry is pursuing an umbrella branding strategy
Explanation:
Based on the scenario being described it seems that Burberry is pursuing an umbrella branding strategy. This type of strategy focuses on having a single brand name for the sale of two or more related products with different specs. Which Burberry is doing by having separate category of items made specifically for different target populations, such as entry-level price point items and couture items, even though they are all under the Burberry brand.
Answer:
The annual breakeven point in sales dollars for Company X is $90,000
Explanation:
Hi, in order to find the break even point (BEP) in dollars, we need to use the following formula.
Everything should look like this.
Best of luck.
