Metro Event Planning Services collects fees from its customers in advance. On January 1, 2019, the balance of its Unearned Revenue account was $ 6,000 (CR). During January and February, the company collected $ 2,000 and $600 as advance fees. During the twominusmonth period, it performed services of $ 5,500 related to the deferred revenue. What is the balance in Unearned Revenue at the end of February?
a. debit balance of $3000
b. debit balance of $200
c. credit balance of $200
d. credit balance of $3000
Answer:
d. credit balance of $3000
Explanation:
Unearned Revenue is a liability and hence a Credit Balance Account. Unearned Revenue occurs when a firm receives cash for services not yet performed. As the service is performed, the account will be reduced to the extent of those services performed as shown below :
Unearned Revenue Account
Beginning Balance $6,000
Add Collected in advance during the year (2,000 + 600) $2,600
Less Services Performed ($5,000)
Ending Balance $3,100
Conclusion :
This is closest to d. credit balance of $3000
You deposit $1,500 in a bank where you have a savings account. The bank
pays you an interest of 5% per month. But later, the bank reduces the
interest rate from 5% to 3%, and that reduces your interest earnings from
$75 to $45.
What kind of risk explains the given situation?
I WILL GIVE BRAINLIEST
The bank purchased a desk for a new employee. What type of cost is the purchase of a new desk?
A. Fixed Cost
B. Variable Cost
Answer:fixed
Explanation:
Fixed expenses might include: Lease or a mortgage. Other capital expenses, like the cost of buying business assets - equipment, vehicles, furniture.
Many weight-loss programs advertise that they can help individuals lose a great deal of weight without any changes in the individual's lifestyle. Typically when the person who has lost the weight leaves the program, he or she regains all the lost weight. This yo-yoing is almost as bad for the body as the excess weight. These weight-loss programs are engaged in _____ behavior.
a.legal and irresponsible
b.legal and responsible
c.illegal but responsible
d.legal but irresponsible
Answer:
d
Explanation:
Write a short paragraph on what you have learned about cost/benefit analysis in regards to attending college for four years
HELP PLEASE
Answer:
The Bachelor's degree is a 4-year undergraduate degree. Historically, the word "college degree" indicated a bachelor's degree or a conventional four-year degree. It normally takes four years of full-time study to complete the bachelor's degree—comprising 120 semester credits or around 40 college classes.
Explanation: i hope this help :)
Melissa Costouras obtains a $3,000 loan for darkroom equipment. She makes six monthly payments of 5511.16 8. Jell Stapleton acquired $1.995 installment luan to pay for a new laten computer. He will repay the loan in 12 monthly payments of $174.7.
Answer:
Loan= 3000
Payments 5511.16 2511.16
Time 6 months
Present Value=(1+r)nFVwhere:FV=Future Valuer=Rate of returnn=Number of periods
Interest = Capital·i%·t
Interest=5511,16-3000)
2511,16=3000*i%*6
2511,16=18000*i%
i%=14%
VP=1995
VF=2096.4 174.7 12 2096.4
t=12 1995
101.4
101,40=1995*12*i
101,40=23940*i
i=0.4%
Explanation:
Loan= 3000
Payments 5511.16 2511.16
Time 6 months
Present Value=(1+r)nFVwhere:FV=Future Valuer=Rate of returnn=Number of periods
Interest = Capital·i%·t
Interest=5511,16-3000)
2511,16=3000*i%*6
2511,16=18000*i%
i%=14%
VP=1995
VF=2096.4 174.7 12 2096.4
t=12 1995
101.4
101,40=1995*12*i
101,40=23940*i
i=0.4%
explain the factors affecting fixed capital and working capital
Answer:
The affecting factors of the given context are defined below in the explanation section.
Explanation:
Factors affecting fixed capital:
Capital expenditure of alternative investments is longer and therefore is considered fixed capital. That capital would be largely funded thru all the lengthy period financing sources, including certain equity, retained earnings, bonds, loan repayments, and so much more.Factors affecting working capital:
Costs of production, staffing costs, and operating costs also impact working capital. These fees are based on either the manufacturing techniques and equipment throughout the warehouse, this same competence of the employees, respectively.can someone explain what bitcoin is? i don't get it is it illegal? how does it work?
Answer:
Bt Bicoins este o moneda virtuala care valorează extrem de mult, nu, nu este ilegal sa ai un bit coin
Answer: Bit coin is crypto-currency. It was made by a guy called Satoshi Nakamoto. No bit coin is perfectly legal. Basically how it works is frst you have to buy a bitcoin wallet. Once you buy that it will give you a bitcoin address so that way your friends and family or whoever can pay you. In a nutshell it's basically Pay-Pal.
Explanation: Also, I'm currently 3D printing the Tesla Cyber truck. This is the model I have so far. What do you think? Do you think I can go ahead and print it?
What are the characteristics of effective pricing?
Answer:
Customer perception of value. Value needs to be at the core of every pricing decision your company makes.
Costs of running your business.
Competitors in your market.
Target customer personas.
Growth potential.
Create buyer personas.
Price in tiers.
Perform a pricing audit.
Explanation:
Hope that helps!
Miles graduates from college and his his income increases by $ 35 comma 000 35,000 a year. Nothing else changes. Miles Miles decreases the quantity of hot dogs hot dogs and pretzels pretzels that he he buys and increases the quantity of gourmet ice cream gourmet ice cream that he he buys.
Answer:
hot dogs and pretzels are inferior goods
Explanation:
From the question, We are informed about Miles who graduated from college and his his income increases by $ 35000 a year. Nothing else changes. Miles Miles decreases the quantity of hot dogs and pretzels that he buys and increases the quantity of gourmet ice cream that he he buys. For Miles, hot dogs and pretzels are inferior goods. In economics, inferior good can be regarded as goods that have a fall in demand whenever there is increase in consumer income, i.e increase in consumer income will bring decrease to such goods, which is opposite to normal goods.
Answer:
Miles graduates from college and his his income increases by $35,000 a year. Nothing else changes. Miles decreases the quantity of hot dogs hot dogs and pretzels that he buys and increases the quantity of gourmet ice cream that he buys.
For Miles, gourmet ice cream is a normal good
Explanation:
A normal good is a good for which demand increases when income increases and demand decreases when income decreases.
An inferior good is a good for which demand decreases when income increases and demand increases when income decreases.
Which type of bankruptcy leaves your credit report sooner?
Use the following information to answer the question. There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth of goods from Y, and $300 worth of goods from firm Z, and produces 250 units of output at $4 per unit. Firm Y buys $150 worth of goods from firm X, and $250 worth of goods from firm Z, and produces 300 units of output at $6 per unit. Firm Z buys $75 worth of goods from firm X, and $50 worth of goods from firm Y, and produces 500 units at $2 per unit. Given this information, what is the economy’s GDP?
Answer:
$2,775
Explanation:
The computation of the GDP of the economy is given below:
But before that the total value sold by three firms would be determined
Total amount of goods sold by X:
= X sells to Y + X sells to Z
= $150 + $75
= $225
Total amount of goods sold by Y:
= Y sells to X + Y sells to Z
= $200 + $50
= $250
Total amount of goods sold by Z:
= Z sells to X + Z sells to Y
= $300 + $250
= $550
Now
Amount of goods generated by X
= units of output × cost per unit
= 250 units × $4
= $1,000
Value of goods generated by Y
= units of output × cost per unit
= 300 units × $6
= $1,800
Value of goods generated by Z
= units of output × cost per unit
= 500 units × $2
= $1,000
Now GDP is
= [Goods generated by X - Valued added by X] + [Goods generated by Y - Value added by Y] + [Goods generated by Z - Value added by Z]
= [$1,000 - $225] + [$1,800 - $250] + [$1,000 - $550]
= $775 + $1,550 + $450
= $2,775
what are the merits and demerits of group trade?
Answer:
(a) International Specialization: ...
(b) Increase in World Production and World Consumption: ...
(c) Safeguard against the Advent of Monopolies: ...
(d) Links with Other Countries: ...
(e) Higher Earnings of the Factors of Production: ...
(f) Benefits to Consumers: ...
(g) Higher Efficiency and Optimum Utilisation of Resources:
Please explain to me what interest rate is please im super confused :)
Answer: An interest rate is the percentage of principal charged by the lender for the use of its money. The principal is the amount of money loaned. Interest rates affect the cost of loans. ... The Federal Reserve manages interest rates to achieve ideal economic growth.
Explanation:
Matcha green tea is primarily cultivated by Japanese farmers. Suppose that Matcha green tea grows in popularity as its health benefits, namely its lower caffeine content, become known, and at the same time the government reduces taxes imposed on Japanese tea farmers. What is the likely effect on the equilibrium price and quantity in the Japanese Matcha tea market
Answer:
equilibrium quantity would increase
there would be an indeterminate effect on equilibrium price
Explanation:
Due to the increase in popularity of the tea, the demand for the tea would rise. This would lead to a rightward shift of the demand curve. Equilibrium price and quantity would rise.
If taxes are reduced, the cost of producing tea would reduce. This would encourage producers to start making tea. As a result, the supply of tea would increase. This would lead to a rightward shift of the supply curve for tea. As a result, equilibrium price would fall and equilibrium quantity would increase.
Taking these two effects together, there would be an increase in equilibrium quantity and there would be an indeterminate effect on equilibrium price
What is the best playlist in spotify for juice wrld?
Answer:
Blastoff (feat. Juice Wrld & Trippie Redd)Internet Money, Juice WRLD, Trippie Redd • B4 The Storm.
Explanation:
that one ok
Answer:
Juice wlrd playlist
by spotify it shows many of his biggest hits
Explanation:
ways a business can be involved in the macro environment
The ways that a business can be engaged in the Macro environment is through the
payment of taxesSpending BorrowingWhat is the macro environment?These are the larger environments that are known to influence a firm in the economy.
The macro environment affects the firms by the political, environmental and social factors in the country.
Read more on macro environment here:
https://brainly.com/question/5511643
Complete the following statement.
This
Adrian is attending a marketing conference and seems quite bored with the sequence of events, so he is
1. Slouching I. His chair
2. Leaning forward
3. Crossing his arms
This kind of gesture is an example of
1. Nonverbal
2.verbal
communication.
GameStop stock prices
last week.
A
tanked
B
soared
с
stabilized
D
plateaued
3. Considered the back office", Involves behind the scenes paperwork
required to complete all transactions. Found in both the service and the
manufacturing sector *
Answer:
The back office is the portion of a company made up of administration and support personnel, who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services.
Explanation:
How is the Scheduling Assistant useful in creating a shared meeting request? Check all that apply.
shows free/busy information for recipients inside the organization
shows free/busy information for recipients outside the organization
helps you to choose a meeting time that is best for everyone
identifies requested room availability
will make reminder phone calls to meeting attendees
Answer: a, c and d
Explanation:
i just took it ab=nd got it right on edge2021
When a formula is cut and pasted or moved without copying, what will Excel do by default?
Answer:
Excel will automatically change the cell address to reflect the destination location.
Explanation:
Reason being that if you cut and paste it in another cell, the worksheet formular will be unchanged
Answer:
A.) Excel will maintain references to the same cells used in the original formula.
Explanation:
I just got this answer on edg!
Hope this helps have a good day. :)
Sales tax is calculated by multiplying the price of an item by the
withholding amount
income tax
tax rate
Answer:
tax rate
Explanation:
got it right on test
1 Carlos owns a private limited company called BettaBakers Limited. It produces
a variety of cakes which are sold in local shops. The method of production
used by BettaBakers is batch production. Carlos says 'I have been told that lean
production techniques in the bakery would help me to increase profits'.
a) What is meant by 'lean production'?
b) Identify two ways lean production might be achieved.
c) Identify and explain two ways, other than lean production, Carlos could
use to increase productivity.
d) Identify and explain two advantages to Carlos of using batch production.
e) Do you think Carlos should change his production methods to flow
production in the bakery? Justify your answer.
Answer:
Explanation:
A) Lean production basically focuses on using all of the waste that a company produces in all of its processes so that no actual resources are left unused.
B) In this scenario, this can be achieved by using all of the excess baking mixtures and combining them into extra products as well as recycling used containers.
C) Carlos could either lower costs by using cheaper materials or hire more employees.
D) Batch production allows Carlos to produce large quantities of his products at a much faster and therefore more efficient pace. This also increases profits as they have more supply to match the demand.
E) This depends on whether or not Carlos has sufficient demand for his products. Otherwise, he would waste large amounts of money on implementing a flow production method and then not have enough demand to sell all of his products, which will therefore cost him even more money in losses.
2. A business installs a free chilled water drinking machine
for staff. This is an example of: (1)
A
B
С
D
a non-financial method of motivation
a promotional method
an improvement to customer service
organic growth
How much candy is in 30 bags? there are 10 pieces of candy each
Answer:
300
Explanation:
10/30=300
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order
Answer:
July 1,2020
Dr Cash $ 14,400
Cr Unearned Service Revenue $ 14,400
December 31,2020
Dr Unearned Service Revenue $ 2,400
Cr Service Revenue $ 2,400
Explanation:
Preparation of the journal entry for July 1 and the adjusting entry on December 31 for Kalter Insurance Co
Based on the information given the journal entry for July 1 will be :
July 1,2020
Dr Cash $ 14,400
Cr Unearned Service Revenue $ 14,400
(Being to record Unearned Service Revenue )
Based on the information given the Journal entry for December 31,2020 will be :
December 31,2020
Dr Unearned Service Revenue $ 2,400
Cr Service Revenue $ 2,400
[ ( $14,400 / 36 Months) * 6 ]
(Being to record Service revenue earned)
Note that 3 years will give us 36 months (12month*3) and July 1,2020 to December 31 will give us 6 months.
After getting her degree in marketing and working for 5 years for a large department store, Sally started her own specialty shop in a regional mall. Sally's current lease calls for payments of $1,000 at the end of each month for the next 60 months. Now the landlord offers Sally a new 5-year lease that calls for zero rent for 6 months, then rental payments of $1,050 at the end of each month for the next 54 months. Sally's cost of capital is 11 percent. By what absolute dollar amount would accepting the new lease change Sally's theoretical net worth?
Answer:
$3,751.90
Explanation:
we must find the present value of both alternatives
alternative 1, keep paying $1,000 per month for 60 months
present value = monthly payment x PV annuity factor
monthly payment = $1,000
PV annuity factor = [1 - 1/(1 + 0.9167%)⁶⁰ ] / 0.9167% = 45.9136
present value = $1,000 x 45.91361 = $45,991.36
alternative 2, pau $1,050 per month for 54 months starting after 6 months
monthly payment = $1,050
PV annuity factor = [1 - 1/(1 + 0.9167%)⁵⁴ ] / 0.9167% = 42.4406
present value in 6 months = $1,050 x 42.4406 = $44,562.63
present value today = $44,562.63 / 1.055 = $42,239.46
Sally's net worth increases by $45,991.36 - $42,239.46 = $3,751.90
which of the folliwing guidelines is not include in making vegetable salad?
Answer:
An apple mabye??
Explanation:
Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. A. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. B. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.
Answer:
trade secret
Explanation:
THIS IS THE COMPLETE QUESTION BELOW
Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region.
The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________.
Trade secret can be regarded as one of the intellectual property which is a process/ practice such as design, patterns or instrument that is generally not revealed outside the company. It gives a company an edge over her compititors