On April 1, Griffith Publishing Company received $27,180 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year-end, what is the adjusting entry that should be recorded by Griffith Publishing Company on December 31 of the first year

Answers

Answer 1

Answer:

Debit Unearned Fees, $6,795; credit Fees Earned, $6,795.

Explanation:

Based on the information given the appropriate adjusting entry that should be recorded by Griffith Publishing Company on December 31 of the first year will be :

Debit Unearned Fees $6,795

Credit Fees Earned $6,795

[$27,180/36 months*9 months]

April 1 to December 31=9 months


Related Questions

Select the behavior that does NOT represent an example of a speaker effectively preparing for a lecture.

a. John types up a copy of his speech in case he has an unexpected moment of stage fright.
b. Eva memorizes her entire speech because she wants to avoid the rigidity of reading off of a piece of paper.
c. Matt has anxiety about giving his speech, so he works on his linguistics homework to distract himself.
d. Molly records herself giving her speech and plays it back to be sure that she is speaking clearly.

Answers

Answer:

c. Matt has anxiety about giving his speech, so he works on his linguistics homework to distract himself.

Explanation:

The behavior that represent the examples with respect to the speaker effectively preparing for the lecture are as follows:

a. The john types a copy of his speech where there is non expected moment comes

b. Eva remember her total speech as she want to neglect the rigidity

c, The molly records her speech and she plays it back so to be sure that she speaks clearly or not

So as per the given situation, the option c should be considered

whistle works manufacturers safety whistle keychains. They have the following information available to prepare their master budget whistle works sells eafch whistle for $12. It takes .25 direct labor hours to produce each whistle at a cost of $15 per hour. How much will direct labor cost be in December

Answers

Answer:

See below

Explanation:

The above information is incomplete. However, similar question will be used.

name the institution that investigates anti-competitive behaviour on companies in south africa​

Answers

Explanation:

the competition committee of southafrica, set up in the year 1989 by the southafrica government under the competition act to empower to investigate, control and restrict business, abuse of dominant positions and merges in order to achieve equity and efficiency in the southafrica economy.

During a job interview, Dario was unable to answer the interviewer's final question because it was slightly technical and he did not know the answer. He is worried that this one answer may cost him the job even though the rest of the interview went well. To possibly salvage his situation, Dario should

Answers

Answer:

He should restate a positive point that he would like the interviewer to know.

Explanation:

In an interview it is very important to create an impression that one can recover from a negative situation and stay positive.

In the given scenario where Dario was unable to answer the interviewer's final question because it was slightly technical and he did not know the answer, the way to express positivity is to restate a positive point that he will like the interveiwer to know.

In the interviewer's mind the conversation will now end on a positive note.

Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows. Group of answer choices To find a project's IRR, we must find a discount rate that is equal to the WACC. A project's IRR is found by discounting the cash inflows at the WACC to find the present value (PV), then compounding this PV to find the IRR. None of these Answers To find a project's MIRR, we must solve for the discount rate that causes the PV of the inflows to equal the PV of the project's costs. A project's MIRR is found by compounding the cash inflows at the WACC to find the terminal value (TV), then discounting this TV at the WACC

Answers

I have no clue where to the code code please add add code code please please add add me code please please add add code code and please help please please code to add please please add add me add code code please please add add me add add

What is a certificate of deposit (CD)?
A. A savings product with a guaranteed rate of interest and a maturity date.
B. Written document that proves ownership in a company or a small business.
C. A receipt for buying a mutual fund.
D. A bond with yearly dividends.

Answers

Answer:

i believe the answer is b

A perfectly elastic supply curve is: Group of answer choices upward sloping to the right. vertical. horizontal. downward sloping to the left.

Answers

Answer:

vertical

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bearing account so that you can use it whenever you want (that is, hold it as money) or to use it to buy a U.S. Treasury bond.
The opportunity cost of holding the inheritance as money depends on the interest rate on the bond.
For each of the interest rates in the following table, compute the opportunity cost of holding the $10,000 as money.
Interest Rate on Government Bond (Percent) Opportunity Cost (Dollars per year)
8 _____ (10,000.00 / 800.00 / 0.08 / 8.00 / 125,000.00)
10 _____ (10,000.00 / 10.00 / 100,000.00 / 1,000.00 / 0.10)
What does the previous analysis suggest about for money?
a. The quantity of money demanded decreases as the interest rate rises.
b. The quantity of money demanded increases as the interest rate rises.
c. The supply of money is independent of interest rate.

Answers

Answer:

A. $800

B. $1,000

C. a. The quantity of money demanded decreases as the interest rate rises

Explanation:

A. Computation for the opportunity cost of holding the $10,000 as money if Interest Rate is 8%

Opportunity Cost for 8% interest rate=$8%*$10,000

Opportunity Cost for 8% interest rate= $800

Therefore the opportunity cost of holding the $10,000 as money if Interest Rate is 8% will be $800

B. Computation for the opportunity cost of holding the $10,000 as money if Interest Rate is 10%

Opportunity Cost for 10% interest rate =10%*$10,000

Opportunity Cost for 10% interest rate = $1,000

Therefore the opportunity cost of holding the $10,000 as money if Interest Rate is 10% will be $1,000

C. Based on the information given the previous analysis suggest about for money: THE QUANTITY OF MONEY DEMANDED DECREASES AS THE INTEREST RATE RISES.

Applications that integrate business activities across departmental boundaries are often referred to as _____________ planning systems.

Answers

Answer:

Enterprise resource.

Explanation:

Enterprise Resource Planning (ERP) is a business strategy process where organizations manage and integrate the main parts of their day-to-day business activities by using software applications.

The ERP software system is used to integrate planning, accounting, finance, marketing and human resources.

For instance, when an organization is replacing a payroll program that it developed in house, with the relevant subsystem of a commercial Enterprise Resource Planning (ERP) system, It should be noted that a faulty migration of historical data from the old system to the new system represent the highest potential risk because you won't be able to measure and analyze performance.

Hence, software applications or programs that integrate all business activities across departmental boundaries such as marketing, procurement, customer relationship, sales, etc., are often referred to as enterprise resource planning systems.

Timeless Corporation issued preferred stock with a par value of $600. The stock promised to pay an annual dividend equal to 20.0% of the par value. If the appropriate discount rate for this stock is 13.0%, what is the value of the stock

Answers

Answer:

$923.08

Explanation:

Calculation to determine the value of stock

Annual Dividend = 20%*600 = D = 120

Discount rate = r = 13% = 0.13

Value of the preferred stock can be calculated using the perpetuity formula:

Value of the dividend = P = D/r = 120/0.13 = $923.08

Therefore the value of stock is $923.08

Determine the internal rate of return for a project that costs $177,000 and would yield after-tax cash flows of $21,000 per year for the first 5 years, $29,000 per year for the next 5 years, and $42,000 per year for the following 5 years.

Answers

Answer:

12.60 %

Explanation:

Using the CF function of a financial calculator the  internal rate of return will be calculated as follows :

- $177,000 CF 0

$21,000 CF 1

5 shift Nj

$29,000 CF 2

5 shift Nj

$42,000 CF 3

5 shift Nj

Then

Shift IRR = 12.60 %

therefore,

the internal rate of return for a project is 12.60 %

Pestro manufactures a herbicide that is used in the parks in Metroville. After the parks were sprayed with the herbicide, a group of children became ill and required hospitalization. Two dogs that were also in the park that day died. The parents of the children and the dog owners could:____.
a. not bring suit against the city.
b. only bring suit against the city.
c. not bring suit against Pestro because of a lack of privity.
d. bring suit against Pestro under Section 402A even though there is no privity.

Answers

Answer:

d. bring suit against Pestro under Section 402A even though there is no privity.

Explanation:

Section 402A enforces strict liability for physical harm that is caused a by the product sold to a buyer by a seller.

It states that if a seller sells a defective product that is unreasonably dangerous to an end user, the seller will be liable for any physical harm that results from its use.

Privity is when a contractual relationship exists between different parties in a transaction.

In the given scenario even without a privity the parents of the children and the dogs can bring suit against Pestro under Section 402A even though there is no privity.

They don't have to have a direct contractual relationship with Pestro.

Carr Inc. purchased equipment for $100,000 on January 1, Year 1. The equipment had an estimated 10-year useful life and a $15,000 salvage value. Carr uses the 200 percent declining balance depreciation method. In its Year 2 income statement, what amount should Carr report as depreciation expense for the equipment

Answers

Answer:

$16,000

Explanation:

Calculation to determine what amount should Carr report as depreciation expense for the equipment

First step is to calculate Depreciation under Double declining Balance method

Depreciation under DDB = 2/10 x $100,000

Depreciation under DDB =$ 20,000

Now let calculate what amount should Carr report as depreciation expense for the equipment

Depreciation expense=2/10 *($100,000-$20,000)

Depreciation expense=2/10*$80,000

Depreciation expense= $16,000

Therefore what amount should Carr report as depreciation expense for the equipment is $16,000

Zubin Ltd. had set the transfer price at $40 for the purchase of goods from its U.S. subsidiary. But the IRS audited the transfer price and determined that it should have been using a transfer price of $190. Assuming the adjustment results in an increase in U.S. tax liability of $200,000. Determine the penalty amount.

Answers

Answer:

Zubin Ltd.

The Penalty amount is:

Minimum = $10,000

Maximum = $50,000

Explanation:

a) Data and Calculations:

Company set transfer price = $40

IRs determined transfer price = $190

Increase in U.S. tax liability = $200,000

IRS penalty rate = 5% minimum for each month of default and not exceeding 25% maximum

Therefore, the penalty amount:

Minimum = $10,000 (5% of $200,000)

Maximum = $50,000 (25% of $200,000)

Operations Management:is a network of manufacturing and service options.is an essential function for primarily for-profit organizations.is narrowly dedicated to a single corporate function.focuses on decisions about the production and delivery of a firm s products and services.prioritizes sustainability over profits.

Answers

Answer:

focuses on decisions about the production and delivery of a firm's products and services.

Explanation:

Operations management can be regarded as a field of business which involves administration of business practices that carried out maximization of efficiency in a firm or an organization. It entails process such as planning, organizing, as well as taking responsibility for processes in organization in order to balance revenues as well as costs. It should be noted that Operations Management focuses on decisions about the production and delivery of a firm's products and services.

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 6.4 hours Standard variable overhead rate $12.80 per hour The following data pertain to operations for the last month: Actual hours 2,650 hours Actual total variable manufacturing overhead cost $34,570 Actual output 150 units What is the variable overhead efficiency variance for the month

Answers

Answer:

See below

Explanation:

Given the following;

Standard hours per unit of output 6.4 hours

Standard variable overhead rate $12.80 per hour

Actual hours 2,650 hours

Actual output 150 units

To calculate the variable overhead efficiency variance, we will use the formula below;

Variable overhead efficiency variance

= (Standard quantity - Actual quantity) × Standard rate

Standard quantity = 150 units × 6.4 = 960

Variable overhead efficiency variance

= (960 - 2,650) × $12.80

= $21,632 unfavourable

A potential complication for successful price discrimination is a. multiple demand elasticities among consumers. b. the presence of a price maker in a market full of price takers. c. a product or service for which consumers value differently. d. other industry firms also practicing price discrimination. e. the potential for consumers to resell a product or service.

Answers

Answer: e. the potential for consumers to resell a product or service

Explanation:

Price discrimination refers to a practice by a producer/seller where they sell the same goods at different prices to different markets in order to make more profit.

Problems can arise if customers begin to resell these goods because some customers could buy it from markets where the producer charges less and sell it in markets where the producer charges more which would allow them to make profit at the producer's expense because they would be competing with the producer with the producer's own goods.

Name four commercial services which are useful to the manufacturer​

Answers

Answer:

hu

Explanation:

giyughhyyfrfjjtvvhi

A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 89100 units were started into production in January; and there were 19200 units that were 50% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for materials for the month of January?

Answers

Answer:

the equivalent units of production for materials for the month of January is 89,100 units

Explanation:

The computation of the equivalent units of production for materials for the month of January is shown below:

= Units completed + completed units in ending inventory

= (89,100 units - 19,200 units) + 19,200 units

= 69,900 units + 19,200 units

= 89,100 units

hence, the equivalent units of production for materials for the month of January is 89,100 units

You are offered the following investments: You can invest $500 today and receive $600 in 5 years. The investment is low risk. You can invest the $500 in a bank account paying 4%. What is the implied interest rate for the first choice, and which investment should you choose

Answers

Answer:

500

Explanation:

On December 31, 2020, Dow Steel Corporation had 610,000 shares of common stock and 31,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $410,000 and $70,000 to common and preferred shareholders, respectively, on December 15, 2021. On February 28, 2021, Dow sold 63,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income for the year ended December 31, 2021, was $2,150,000. The income tax rate is 25%.
Required:
Compute Dow's earnings per share for the year ended December 31, 2021.

Answers

Answer:

$3.02 per share

Explanation:

The computation of the earning per share is shown below:

we know that

Earnings per share = (Net income - preferred dividend) ÷  Weighted average outstanding common shares

= ($2,150,000 - $70,000) ÷ 688,000 shares

= $3.02 per share

Date                 Particulars           No. of shares

01/01-31/12 610000 ×  12 ÷ 12 (610000 × 1.04)  $634,400

28/02-31/12    63000 × 10 ÷ 12 (52500 × 1.04)   $54,600

01/07-31/12     (2000) ×  6 ÷ 12          -$1,000

Weighted average outstanding common shares 688,000

A company recorded 2 days of accrued salaries of $1,500 for its employees on January 31. On February 9, it paid its employees $7,200 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are:

Answers

Answer:

Journal Entries are:

January 31:

Debit Salaries Expense $1,500

Credit Salaries Payable $1,500

To accrue salary expense for 2 days.

February 9:

Debit Salaries Expense $5,700

Debit Salaries Payable $1,500

Credit Cash $7,200

To record the payment of salaries expense, including salaries payable.

Explanation:

a) Data and Analysis:

January 31: Salaries Expense $1,500 Salaries Payable $1,500

February 9: Salaries Expense $5,700 Salaries Payable $1,500 Cash $7,200

The predetermined overhead rate for Marigold Corp. is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $7608 variable and $4824 fixed, and standard hours allowed for the product produced in June was 2400 hours. The total overhead variance is:________

a. $700 F.
b. $1,800 F.
c. $700 U.
d. $1,800 U.

Answers

Answer:

$11,568 favorable

Explanation:

The computation of the total overhead variance is shown below:

Total Overhead cost variance

= Actual total overhead - Budgeted total overhead  

= ($7,608 + $4,824) - (2,400 hours  × 2 × 5)  

= $12,432 - $24,000  

= $11,568 favorable

This is the answer but the same is not provided in the given options

Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

Answers

Question Completion:

A manufactured product has the following information for June.

                                 Standard                        Actual

Direct materials     6 lbs. at $8 per lb.       48,500 lbs. at $8.10 per lb.

Direct labor            2 hrs. at $16 per hr.     15,700 hrs. at $16.50 per hr.

Overhead               2 hrs. at $12 per hr.     $198,000

Units manufactured                                    8,000

Answer:

Direct materials price variance = $4,850 U

Direct materials quantity variance = $4,000 U

Explanation:

a) Data and Calculations:

                                                 Actual            Standard

Direct materials price per lbs  $8.10                 $8.00

Direct labor rate per hour      $16.50              $16.00

Quantity:

Direct materials                      48,500         48,000 (6 * 8,000)

Direct labor hours                   15,700         16,000 (2 * 8,000)

Direct materials price variance = SP - AP * AQ

= $8 - $8.10 * 48,500

= $0.10 * 48,500

= $4,850 U

Direct materials quantity variance = SQ - AQ * SP

= 48,000 - 48,500 * $8

= $4,000 U

Ano ang dapat nating tandaan kapag nagbibigay ng pangunang lunas?​

Answers

I dont know just need the points

Three major segments of the transportation industry are motor carriers, such as YRC Worldwide (YRCW); railroads, such as Union Pacific (UNP); and transportation logistics services, such as C.H. Robinson Worldwide, Inc. (CHRW). Financial statement information for these three companies follows (in thousands): YRC Union Pacific C.H. Robinson Sales $4,697,500 $19,941,000 $13,144,413 Average total assets 1,824,700 55,159,000 3,436,058 a. Determine the asset turnover for all three companies. Round to one decimal place. YRC Worldwide fill in the blank 1 Union Pacific fill in the blank 2 C.H. Robinson Worldwide fill in the blank 3 b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the efficient a firm is in using assets.

Answers

Answer and Explanation:

The computation is shown below:

a) Assets turnover

Particulars                YRC                UNP                   CH

Sales                       $4,697,500      $19,941,000      $13,144,413

Average total assets $1,824,700      $55,159,000    $3,436,058

Assets turnover             2.6                       0.4                     3.8

b. The ratio of sales to assets calculated the sales dollars i.e. earned for each assets. The more the no of sales dollars the more the firm would be considered efficient

Digby's Elite product Dug has an awareness of 72%. Digby's Dug product manager for the Elite segment is determined to have more awareness for Dug than Andrews' Elite product Able. She knows that the first $1M in promotion generates 22% new awareness, the second million adds 23% more and the third million adds another 5%. She also knows one-third of Dug's existing awareness is lost every year. Assuming that Able's awareness stays the same next year (77%), out of the promotion budgets below, what is the minimum Digby's Elite product manager should spend in promotion to earn more awareness than Andrews' Able product

Answers

Explanation:

would you still like me to help you with this question

She knows that the first $1M in promotion generates 22% new awareness, the second million adds 23% more and the third million adds another 5%.

What is a promotion?

Promotion in marketing is any sort of marketing communication that aims to persuade target audiences of the relative qualities of a given good, service, idea, or brand.

This place can be either cognitive or emotional. Promoting a product or service is intended to raise brand awareness, spark interest, enhance sales, or foster brand loyalty.

One of the fundamental components of the market mix, which also consists of the four Ps (product, pricing, location, and promotion), is this. It aids marketers in establishing a memorable spot in clients' minds.

Promotion includes the communication strategies a marketer does to spread knowledge about its goods. Visual and verbal information can both be conveyed.

One of the components of the promotional mix or promotional plan is promotion. These include event marketing, exhibits, and trade shows, as well as personal selling, advertising, sales promotion, direct marketing, publicity, and word of mouth.

A promotional strategy outlines the importance of each component of the promotional mix as well as how much of the budget should be devoted to each component.

Learn more about promotion, here

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DW has an ending Retained Earnings balance of $51,600. If during the year DW paid dividends of $4,100 and had net income of $21,100, then what was the beginning Retained Earnings balance

Answers

Answer:

$34,600

Explanation:

The computation of beginning retained earnings balance is seen below:

But we know that;

Ending balance of retained earnings = Beginning balance of retained earnings + Net income - Dividend paid

$51,600 = Beginning retained earnings + $21,100 - $4,100

Beginning retained earnings = $51,600 - $21,100 + $4,100

Beginning retained earnings = $34,600

Given the following values of economic aggregates as a percentage of GNP in the U.S. Find the current account balance and the financial (capital) account balance assuming that statistical discrepancy is zero.

Unilateral Transfers = - 1.5%
Exports = 2.2%
Imports = 4.3%
Investment = 16%
Taxes = 12%
Government Exp. =. 17%
Private Saving. = 12%

Answers

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Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank.
Oct. 1. Paid rent for the month, $5,700.
3. Paid advertising expense, $3,610.
5. Paid cash for supplies, $1,550.
6. Purchased office equipment on account, $23,700.
12. Received cash from customers on account, $7,740.
20. Paid creditor on account, $2,270.
27. Paid cash for miscellaneous expenses, $980.
30. Paid telephone bill for the month, $360.
31. Fees earned and billed to customers for the month, $51,600.
31. Paid electricity bill for the month, $620.
31. Paid dividends, $3,900.

Answers

Answer:

would you still like me to help you with this question

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