Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Accounting for unearned revenues
Metro Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a one-year period.
Requirements
1. Journalize the entry to record the original receipt of $170,000 cash.
2. Journalize the adjusting entry that Metro Magazine makes to record the earning of $12,000 of subscription revenue that was collected in advance. Include an explanation for the entry.
Compute the current ratio, the debt to equity ratio, and return on sales ratio. Seventy-five percent of liabilities are current. Of the current liabilities, 80% percent is accounts payable.
weakness in internal controls and measures to implement better internal controls.the following control procedures are
The Kraft Co. manufactures computer chips at a variable cost of $4 per chip and sells them for $10 each. If the fixed cost is $12,000 per month, what is the number of chips they would need to produce at the break-even point?
Given this data what is the best estimate of the total cost to manufacture 8,900 units is closest to what amount?
the records of filippis company indicate a march 31 cash balance of 10806.05 which includes undeposited receipts for
Chris's Cookie toppings makes payment on its inventory purchase as follows: 25% in the month of purchase, 65% in the following month, and 10% in the second month following purchase.
direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $14,000. Aaron wants to maintain a balance of at least $25,000 cash at the end of each quarter. For first quarter p ..
What is net cash flow from operations? What is net cash flow from investing? 10,000; 5,000; (5,000); (15,000)
question the comparative year-end balance sheets of sign graphics inc. revealed the subsequent activity in the companys
Prepare a multiplc-step laconic statement and prepare a retained earnings statement - analysis of the accounts and discussions with company officials
A company currently completed 45,000 units of a product that was expected to consume four pounds of direct material for each finished unit. The standard price of direct material was $8 per pound.
multiple choice questions on accounts receivables and capital expenditure.1.the advantage of relating a companys bad
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd