Mary signed up and paid $1,320 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate:

Answers

Answer 1
$300 of revenue, $600 of deferred revenue. (900* 2/6 of contract) = 300
(900 contract price paid in advance -$300 revenue recognized to date) =600
Answer 2

Mary signed up and paid $1,320 for a 6-month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate 880.

What is accounting?

The financial statement of the transaction record is referred to as accounting. In essence, the procedure locates and measures the record. The company has a well-organized financial and record-keeping system.

$440 of revenue, $880 of deferred revenue.

(1,320 × 2/6 of contract) = 440

(1,320contract price paid in advance -$440 revenue recognized to date)

=880

As a result, Mary signed up and paid $1,320 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplets accounting records would indicate 880.

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Related Questions

An investor buys a call at a price of $4.50 with an exercise price of $40. At what stock price will the investor break even on the purchase of the call

Answers

Answer:

44.50

Explanation:

I think your just suppose to add the numbers together.

An investor buys a call at a price of $4.50 with an exercise price of $40. At 44.50, the stock price will the investor break even on the purchase of the call.

What is stock?

The term stock refers to the product are the ready to the sale for the bulk in the production. The stock is always in the bulk in items. The stock is the measured according to the quantity. The stock was ready to be delivered to the wholesaler.

According to the 44.50, the stock price will the investor break even on the purchase of the call.

The given amount was the based on the price of $4.50.

The exercise price of $40.

Determine was the stock:

Break even price: $44.50

40 +4.5 = 44.50

As a result, the 44.50 stock price will the investor break even on the purchase of the call.

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What would the new optimal solution of product 3 sold for $15, and 100 hours of labor could be purchased?.

Answers

Answer:

I don't know sorry sorry forgive me

Explanation:

sorry

The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sold less repurchased sold repurchased

Answers

Answer:

sold

Explanation:

The Khaki Corporation has the following budgeted sales data:

January February March April
Cash Sales $70,000 $90,000 $80,000 $70,000
Credit Sales $400,000 $350,000 $300,000 $320,000

The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be:T____________

Answers

The Khaki Corporation's budgeted cash receipts for April is $383,000.

Data andCalculations:

                                  January      February         March            April

Cash Sales              $70,000       $90,000     $80,000       $70,000

Credit Sales         $400,000     $350,000   $300,000     $320,000

Cash collections:

40% sales month $160,000      $140,000    $120,000      $128,000

50% 1st month                          $200,000     $175,000      $150,000

10% 2nd month                                                $40,000       $35,000

Total collections from credit sales for April                     $313,000

Cash Sales            $70,000      $90,000       $80,000       $70,000

Total budgeted cash receipts for April =                         $383,000

Thus, the budgeted cash receipts for the month of April would be $383,000.

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When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened.

Answers

There different ways to handle stocks. When additional stock is issued to finance implementation of strategy, the existing stockholders' ownership and control of the enterprise are strengthened. is a true statement.

Stock is often described as the ownership of the stockholders in a specific company. An individual or a company can holds shares. They are called shareholders of the company and holds voting rights in important matters.

The ownership of the stockholders will rise when the stock is issued as a part of the business strategy.

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Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck? A checking account has columns check number, debits, deposits, balance. Deposits Balance Debit Check number

Answers

Answer:

a. Deposits

Explanation:

Answer:

A: Deposits

On Edge

How to calculate percent yield.

Answers

Answer:

experimental yield divided by theoretical yield multiplied by 100

Explanation:

when the fed buys government bonds, the reserves of the banking system

Answers

Answer: increase, so the money supply increases

Explanation:

True or false: The Malcolm Baldrige National Quality Award is to honor companies that show quality in seven key areas and have customer satisfaction ratings higher than competitors.

Answers

Answer:

True

Explanation:

If you need more reassurance look the award up. Plz give brainliest!

Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.

Answers

Answer:

1545-1574 for the empty boxes

Explanation:

Answer: Leave box number 4 blank

Explanation: The directions say to leave certain boxes blank if the answer isnt in the form

a coworker has asked you to help him with something very important. you have a lot work to do yourself. what would you be most and least likely to do?

Answers

Rendering assistance could be very tough in certain scenarios such as when the individual whose assistance is needed has a lot do. In such case, the least which one could do is to take up the task from the coworker while the most likely is to give a guideline how to get the task done.

Completely shutting out a coworker could be very bad as it could result as the foundation for a toxic relationship.

However, the most likely help that could be rendered is to give an helpful guideline on how to go about the task.

On the other hand the least likely, would be to take up the coworker's task and abandon mine.

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how much does the dow have to drop to suspend trading

Answers

Answer:

Circuit breakers halt trading on the nation's stock markets during dramatic drops and are set at 7%, 13%, and 20% of the closing price for the previous day. The circuit breakers are calculated daily

a pilot applies for life insurance. the insurer approves the application with a $10 additional monthly premium modification due to the risk involved. the pilot declines the additonal premium modification. the insurer will then likely issue the coverage with a(n)

Answers

Considering the situation described, the insurer will likely issue the coverage with an Aviation Exclusion.

The addition of Aviation Exclusion risk would curb the insurer's liability to that risk associated with the insurance contract.

This implies that considering the tendency of a pilot to die (not as a fare-paying passenger) in a plane crash or Aviation accident. Still, as a pilot, the addition of Aviation Exclusion would limit or void the insurance policy related to life.

Hence, in this case, it is concluded that the correct answer is "Aviation Exclusion."

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The percentage of total industry output accounted for by the largest firms in an industry is called the:

Answers

Answer:

A B

A concentration ratio is used to measure... market dominance

Percentage of total industry output accounted for by the largest firms in the industry is termed... the concentration ratio

The sum of the squared market shares of each firm in an industry is termed ... the Herfindahl-Herschman Index

Explanation:

Sales revenues are usually considered earned when.

Answers

Answer:

Revenues, which are derived from an entity's main activities such as the sale of merchandise or the performance of service, are considered to be earned when the earning process has been substantially completed.

Explanation:

A townhouse is purchased for $475,000. If the transfer tax is $2.00 on the first $1,000. and $0.10 for each additional $100., how much are the transfer taxes?

Answers

Based on the information given the amount of the transfer taxes is $476.

Using this formula

Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax

Let plug in the formula

Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2

Total transfer tax = ([$474,000 x .001] + $2)

Total transfer tax=$474+$2

Total transfer tax=$476

Inconclusion the amount of the transfer taxes is $476.

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Tangible assets are first recorded at ______. Multiple choice question. current market value or resale value the amount of cash paid for them all costs to acquire them and prepare them for use cost minus residual (or salvage) value

Answers

Tangible assets are first recorded at costs to acquire them for use.

Tangible assets are  fixed assets which is  referred to as the physical assets which a company/Buisness owns to carry out its daily activities in order to create profit .

They include investments, cash, inventory, vehicles, office equipment, buildings,machines, etc

Tangible assets are very important to businesses  as they

Help in business operations  to provide goods and servicesServe as collateral for loansIn case of emergency, they can generate cash

Tangible assets are first recorded in the balance sheet as costs to acquire them for use.

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The United States, making up less than 5 percent of the world's population, uses more than ___ of the world's commercial energy production.

Answers

Despite that the country takes less than 5% of world population, it accounts for more than two-third of the world's commercial energy production.

The use of commercial energy production in this context entails use of resources like electricity, coal, advanced petroleum products, nuclear materials etc

These resources are in massive use in United States for generation of electricity, agricultural, transportation, commercial development etc

Therefore, the answer is that United States uses more than two-third (2/3) of the world's commercial energy production.

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Question 2 of 10
Which of the following are possible negative consequences of filing for
bankruptcy?
O A. Loss of employment
OB. Reduced and consolidated debt
O C. Increased credit score and reduction of debt
O D. Loss of property and lowered credit score

Answers

Answer:

D

Explanation:

The possible negative consequences of filing for bankruptcy is loss of property and lowered credit score. Option D is an appropriate response.

What is bankruptcy?

Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor. An organization files for bankruptcy when it is unable to pay its creditors or honor its financial commitments.

Bankruptcies are seen negatively by prospective lenders and are recorded as bad information on your credit report. If creditors discover a bankruptcy on your credit report, they can opt not to grant you credit or, if they do, they might do so with more expensive interest rates and unfavorable terms.

Your credit scores may suffer if you declare bankruptcy. Hence, the appropriate response is option D.

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The simple interest on $400 at 5% per annum for 2 years is.:

Answers

The simple interest amount that $400 principal will earn in 2 years at the rate of 5% is $40.

Data and Calculations:

Principal amount = $400

Simple Interest rate = 5% p.a.

Time = 2 years

Simple interest amount = $40 ($400 x 5% x 2)

The simple interest does not enjoy the power of compounding that increases savings.

Thus, the simple interest that the principal will earn in 2 years at the rate of 5% is $40.

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Suppose you are travelling in France, and you want to purchase a botte of wine that costs 20 euros. The exchange rate is 0.90 euros per dollar. In U.S. dollars this wine would cost:

Answers

In US dollars, the wine would cost $22.22.

Exchange rate is the rate at which the currency of one country is exchanged for the currency of another country. Based on the information provided in the question, $1 exchanges for 0.90 euros.

Value of the wine in dollars = cost of win in euros / exchange rate

20 /0.9 = $22.22

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A report that details prevention, appraisal, internal failure, and external failure costs is called a ________.

Answers

Answer: quality cost report

Explanation:

I just checked it and got it right.

What will the overall commercial revenue generated by vr and ar.

Answers

According to the graph, the overall commercial revenue generated by VR and AR is $ 18 Billion.

The image is a bar graph that presents the overall revenue generated by sales for VR and AR solutions/hardware in $ Billion for 5 years.

The data presented in the graph are:

The first year - $ 18 billion.The second-year - $ 38 billion.The Third-year - $ 105 billion.The fourth-year - $ 170 billion.The Fifth year - $ 215 billion.

According to this information, it can be inferred that the overall revenue generated by the commercialization of these VR and AR technological devices generated $ 18 billion in the first year, then the correct answer is C. because it mentions the appropriate amount.

Note: This question is incomplete because there is some information missing and the graph. Here is the complete information and the graph.

What will the overall commercial revenue generated by VR and AR be in the Human Resources industry be in Year 1?

A) $ 1.44 Billion

B) $ 1,224 Billion

C) $ 18 Billion

D) $ 1.08 Billion

E) $ 864 Million

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The most important labor force issue for developed economies is their _________ populations. global diverse aging all of these

Answers

The answer here is ‘aging’.

I hope this can help.

evans & sons, inc., sold $100,000 face value, six percent coupon rate, four-year bonds, for an aggregate issue price of $95,000. calculate the total interest expense to be recorded by the company over the four-year life of the bonds.

Answers

The total interest expense to be recorded by the company over the four-year life of the bonds is $29,000.

Using this formula

Total Interest expenses=(Face value× Coupon rate× Bond year)+(Face value-Issue price)

Let plug in the formula

Total Interest expenses=($100,000 x .06 x 4) +($100,000-$95,000)

Total Interest expenses= $24,000+$5,000

Total Interest expenses=$29,000

Inconclusion the total interest expense to be recorded by the company over the four-year life of the bonds is $29,000.

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Which of the following best describes the law of demand?.

Answers

Answer:

theres no options

Explanation:

If you get an email from your bank on its official stationery that asks for your account number, what should you do

Answers

When an email is received in one's bank name and asks for account number, it is more likely a fraud and should be reported immediately.

It is very uncommon and rare for bank to contact an account-owner and when they does, it is usually for complicated situations, complimentary messages, product offers etc

This type of message received (in question) are usually from a malicious party disguising as you bank and it is referred to as email phishing.

In conclusion, when an email is received in one's bank name and asks for account number, the intent is more likely a fraud and should be reported immediately to necessary department.

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The _____ established a minimum wage and overtime pay for employees working more than 40 hours a week.

Answers

According to the historical and information record, the Fair Labor Standards Act of 1938 established a minimum wage and overtime pay for employees working more than 40 hours a week.

Fair Labor Standards Act of 1938 was made to improve the working conditions of employees and also protect their rights against exploring employers.

The Fair Labor Standards Act of 1938 established standards on minimum wage, working hours, and oppressive child labor.

Hence, in this case, it is concluded that the correct answer is the "Fair Labor Standards Act of 1938."

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How do fast-food restaurants rationalize the process of providing food to customers, according to Robin Leidner in Fast Food, Fast Talk

Answers

According to Robin Leidner, fast-food restaurants rationalize the process of providing food to customers by developing standardized scripts for employees to use when dealing with customers.

There are many advantages associated with the fact that fast-food chains develop standardized scripts for customer service, as this way, they ensure compliance and quality of processes.

Standardization in fast-food restaurants therefore ensures faster service, mechanization of processes and higher quality in food production, since production and service standards must be followed in any unit of a fast-food chain.

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a fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a __________ plan.

Answers

There are different types of benefit plan. A fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a cafeteria-style plan.

Fringe Benefits  is simply regarded as Benefits such as sick-leave pay, vacation pay, pension plans etc., that stands for an additional compensation given too an employees that is far above base wages.

A cafeteria-style plan is a plan that gives employees coverage of expenses in cases like prescription medicine through the withholding of a part of their pre-tax salary.

Employers do gain through the use of these plans as they will not pay FICA on cafeteria-style benefits plans.

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