Daily printings sold annual subscriptions

Assignment Help Finance Basics
Reference no: EM131429155

Daily Printings sold annual subscriptions to their magazine for $24,000 in December, 2010. The magazine is published monthly. The new subscribers received their first magazine in January, 2011.

  • What adjusting entry should be made in January if the subscriptions were originally recorded as a liability?

Reference no: EM131429155

Questions Cloud

Assess the profit nature of the business : Utilize the versus investigation to assess the profit nature of the business. Additionally, utilize proportion investigation to put your organization on the overall revenue asset turnover chart. At that point evaluate the present and past executio..
Select a small measureable or directly observable problem : Select a small measureable or directly observable problem or challenge of your choice. Some examples might include:A chronic (but small) problem at your place of employment - i.e., out-of-stock, wrong order, late meeting-starts, etc.
Find the equivalent spring constant of the floor system : A 1.6-in. deflection of the second floor of a building is measured directly under a newly installed 8200-lb piece of rotating machinery which has a slightly unbalanced rotor.
How do family members try to persuade you : With a group in your class, discuss the ways people try to persuade you. How do family members try to persuade you? How do your friends try to persuade you? In what ways do their persuasive strategies differ from the ways advertisers try to persua..
Daily printings sold annual subscriptions : Daily Printings sold annual subscriptions to their magazine for $24,000 in December, 2010. The magazine is published monthly. The new subscribers received their first magazine in January, 2011.
Determine the required constant of spring c : Knowing that the frequency of vibration of the platform is to remain unchanged when an 80-lb block is placed on it and a third spring C is added between springs B and D, determine the required constant of spring C.
Explain and elaborate upon your arson laws within state : Research a major fire incident using the CSU Online Library. Examples of a major fire event are Happy Land Social Club, MGM Grand Hotel, and Triangle Shirtwaist Factory Fire. Provide an overview of the event and construct a brief summary that will..
Compare and contrast the different dividend theories : 1. Compare and contrast the different dividend theories. Define and discuss the factors that firms must consider in the selection and implementation of their dividend policy.  Also, talk about the mechanics of when a dividend is declared and paid,..
Find the period and frequency of the motion : A 35-kg block is supported by the spring arrangement shown. The block is moved vertically downward from its equilibrium position and released.

Reviews

Write a Review

Finance Basics Questions & Answers

  Description of valuation models

Divido Corp. Is an all-equity financed firm with the total market value of $100 million. The company holds $10 million is cash equivalents and has $90 million in other assets.

  Michaels inc just paid 240 to its shareholders as the

michaels inc. just paid 2.40 to its shareholders as the annual dividend. simultaneously the company announced that

  Report showing practical application of strategic finance

Prepare a report showing the practical application of Strategic Finance

  Calculate total tax

Use the PERSTAX program to calculate their total tax bill as single individuals and determine how much it will cost them in taxes to get married. Assume that getting married during a year subjects the entire year's income to the married filing joi..

  What is the projected increase in retained earnings

The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 5.3 percent and the firm has a 30 percent dividend payout ratio. What is the projected increase in retained earnings?

  An analysis of the transactions of cavernous homes inc

an analysis of the transactions of cavernous homes inc. yields the following totals at december 31 2009 cash 2200

  What is the amount of variance

The following information has been prepared for a home health agency.

  Reconstruct the current balance sheet

Cheryl Colby, the CFO of Charming Florist Ltd., has created Company's pro forma balance sheet for the next fiscal year. Sales are projected to increase at 10% to the level of $330 million.

  Favor outside equity financing instead of debt

From the perspective of the entrepreneur explain, in general terms:The strategic considerations that would tend to favor outside equity financing instead of debt.

  Hillman inc has net income of 160000 weighted-average

hillman inc. has net income of 160000 weighted-average shares of common stock outstanding of 50000 and preferred

  How many units must the firm sell to break-even

The Motor Works is considering an expansion project with estimated annual fixed costs of $71,000, depreciation of $38,500, variable costs per unit of $17.90 and an estimated sales price of $26.50 per unit. How many units must the firm sell to brea..

  What is a benefit corporation?

What is a benefit corporation?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd