If a company has advance subscription sales totaling $45,000 for the upcoming year, when four quarterly journals will mailed to customers, the receipt of cash would be journalized as:
A. Debit Cash $45,000, credit Accounts Payable $45,000.
B. Debit Unearned Revenue $45,000; credit Sales $45,000.
C. Debit Sales $45,000, credit Unearned Revenue $45,000.
D. Debit Prepaid Subscriptions $45,000, credit Sales $45,000.
E. Debit Cash $45,000; credit Unearned Revenue $45,000.

Answers

Answer 1

The receipt of cash would be journalized as a Debit to Unearned Revenue for $45,0000 and Credit to Sales for $45,000.

Here, the company has advance subscription sales totaling $45,000 for the upcoming year.

It will be recorded in the entry as Debit to Unearned Revenue and Credit to Sales.

Therefore, the Option B is correct because The receipt of cash would be journalized as a Debit to Unearned Revenue for $45,0000 and Credit to Sales for $45,000.

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Related Questions

Say's Law argues that a given ____________________ must create an equivalent ________________________ somewhere else in the economy. potential GDP; value of supply total quantity of goods; price level for output natural rate of unemployment; full employment GDP value of supply; value of demand

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Based on the economic theory of demand and supply, Say's Law argues that a given "value of supply" must create an equivalent "value of demand" somewhere else in the economy.

This is based on the idea that supply would deduce the size of the macro-economy, which in turn makes sense in the long run.

Jean Baptiste Say is a French economist famous for being an adherent supporter of business competition, free trade, and removing restraints on business activities.

His Say's law was famous as it tried to define the market condition. Say's law is sometimes referred to as the Law of Market.

Hence, in this case, it is concluded that the correct answer is option D. "value of supply; the value of demand."

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What is the answer to number 1 and 2​

Answers

A and Dare the answers

What are the three (3) main goals for a market economy?
A. Growth, High Employment, Price Stability
B. Hight Demand, High Employment, Price Stability
C. Growth, High Demand, Price Stability

Answers

Answer:

A) Growth, High Employment, Price Stability

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A __________-__________ bond is a straight fixed-rate bond issued in one currency that pays coupon interest in that same currency, then at maturity, the principal is repaid in another currency. Multiple Choice warrant-convertible bonds with equity warrants dual-currency exchange-convertible

Answers

A dual-currency bond is known to be a hybrid debt instrument that often has payment obligations over the life of the issue. A dual currency bond is a straight fixed-rate bond issued in one currency that pays coupon interest in that same currency.

In dual currency bond, the borrower often makes coupon payments in one currency, but get the principal at maturity in another currency.

Its advantage is that Investors using this bonds often gets higher coupon payments than straight bonds etc.

Straight fixed-rate bond issues often have a Known maturity date where the principal of the bond issue is said to be repaid.

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Albert Inc. has both common and preferred stock outstanding. Which should be listed first in the stockholders' equity section of the balance sheet?

Answers

Answer: Preferred Stock

Preferred Stock should be listed first in the stockholders' equity section of the balance sheet

What is the stock price?

A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock d. Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges.

A type of stock called preferred stock combines traits from both stocks and bonds. Similar to bonds, preferred shares pay out cash dividends, frequently at a higher yield than bonds while carrying less risk than common stock.

A stock is a form of security that indicates the holder has proportionate ownership in the issuing corporation and is sold predominantly on stock exchanges. Corporations issue stock to raise funds to operate their businesses. There are two main types of stock: common and preferred.

Therefore, Preferred Stock should be listed first in the stockholders'

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Suppose that a firm in a competitive market is currently maximizing profit at an output of 50 units. If the current price is $9, the marginal cost of the 50th unit is $9,and the average total cost of producing 50 units is $4, what is the firm's profit

Answers

Answer:

437

Explanation:

50 x 9 = 450-13=437

If a firm produced a standard item with relatively stable demand, what alpha value would you expect them to use

Answers

I think 10% would be reasonable

In bankruptcy, a(n) _________ is the representative of an estate and has the capacity to sue and be sued on behalf of the estate.

Answers

The administrator or executor is representative of an estate which has the capacity to sue and be sued on behalf of the estate.

In bankruptcy, the administrator or executor is the representative whose responsibilities is to possess the asset, pay creditors and distribute the remaining assets or other beneficiaries of the bankrupted company.

Usually, the administrator and executors are appointed when the bankruptcy of a business is declared and ascertained.

Therefore, the administrator or executor acts as representative of an estate which has the capacity to sue and be sued on behalf of the estate.

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________ measures the frequency that someone who clicks on an ad makes a purchase, likes a site, or takes some other action desired by the advertiser.

Answers

The term that describes the frequency of click by people on a particular ads on a site as well as actions by advertiser is conversion rate.

Conversion rate can be regarded as a measure that give enablement to know the number of click on a particular ad.

It helps to know how many people make a purchase through ads on the website.

Therefore, conversion rate is correct.

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a company chooses to price its products by value-based pricing. in order for this type of pricing to be most effective, what additional tactics should be included with the price?

Answers

The additional tactics to be included is use of value-based price in conjunction with all elements of the marketing mix communicating value to the customer

Basically, a value-based pricing is a prices fixing strategy based on consumers perceived value of the product in the market

This type of pricing strategy maintains a certain price level to prevent customers from looking out for competitors product.

Hence, the additional tactics to be included is elements of the marketing mix communicating value to the customer

In conclusion, the Option B is correct.

The missing option includes "a.) employ a general market approach to pricing which considers what the market as a whole sees as valuable in a product or service b.) use a value-based price in conjunction with all elements of the marketing mix communicating value to the customer c.) offer a middle price point with the established price and tout the singularity of the product’s value"

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Obligations due to be paid within one year or the company's operating cycle, whichever is longer, are classified as:

Answers

Answer:

Current liabilities

Explanation:

suppose the government decides to intervene to bring the economy back to the natural level of output by using

Answers

Government are known to set u different policies to regulate the economy. Suppose the government decides to intervene to bring the economy back to the natural level of output by using Expansionary monetary policy.

Expansionary monetary policy is known to expand the money supply faster than normal or even lower short-term interest rates.

It is known to be set up by central banks and comes about through open market operations. etc

This monetary policy often increases the money supply in an economy.

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In the context of Internet-enabled supply chain management (SCM), which SCM activity involves bargaining and renegotiating prices and term agreements

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According to the business information system, in the context of Internet-enabled supply chain management (SCM), the SCM activity which involves bargaining and renegotiating prices and term agreements is "Purchasing or Procurement."

This is because the Purchasing or Procurement activities involve getting and accepting deals or contracts of purchasing commodities from the seller.

Purchasing or Procurement activity typically involves the process of tendering and bidding process.

Hence, in this case, it is concluded that the correct answer is "Purchasing or Procurement."

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Which of the following would most likely be considered an expense in a budget?
A. Groceries
B. Rent
C. All of these
D. Car Loan

Answers

Answer:

C

Explanation:

Everything in life is an expense for me

Private and public sector organizations that must follow HIPAA provisions are called ____________________.

Answers

Answer:

covered entities

Explanation:

According to Keynesian economics, what impact would a balanced budget amendment to our constitution have on our national economy

Answers

Answer:

By requiring a balanced budget every year, no matter the state of the economy, such an amendment would raise serious risks of tipping weak economies into recession and making recessions longer and deeper, causing very large job losses.

Explanation:

PLEASE HURRY-ITS AN IMPORTANT EXAM AND I'M STUCK ON THIS QUESTION THAT'S PROBABLY HONESTLY UPER EASY!!!! Self-management refers to how an individual organizes their time and work tasks so that they also have opportunities to engage in self-care.

True

False

Answers

Answer:

i think its true

Explanation:

Answer:

true

Explanation:

self meaning me myslef or I management meaning organized or put together.

Harry is a salesperson at Lenic Technology. When demonstrating the company's new 3D printer to a prospective buyer, Harry should:

Answers

Answer:

make sure the product being demonstrated is typical of what is being reccomended

Explanation:

A corporation issues for cash $8,000,000 of 20-year, 8% bonds, interest payable semiannually. The amount received for the bonds will be

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Answer:

uwuuwuwuwuwuwwuwwuuwuwuuwuwuwuwuwu

Countries in which people live on less than $1,000 a year are generally concentrated in what region of the world

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I think its Antartica

What changes has sue made so far? Check all that apply.

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Answer:

She added a title for the x-axis.

She changed the x-axis column labels.

She changed the color of the chart style.

Explanation:

Answer:

Uhhhhh

Explanation:

Which clause states that the written agreement accurately reflects the final, complete version of the agreement

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Merger Clause Is the answer

A(n) _____ is a tangible indirect reward provided to employees for organizational membership. Group of answer choices spot bonus retirement plan equity award merit raise

Answers

A retirement plan is a tangible indirect reward provided to employees for organizational membership.

Retirement planning simply means the financial strategies of investments, savings, that are meant to sustain an individual during retirement.

The main key to a secure retirement is to plan ahead. A retirement plan is a tangible indirect reward provided to employees for organizational membership. This is vital for the person to be able to meet his or her financial needs after retirement.

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Transactions between a company and its stockholders affect the company's _____ accounts only. Multiple choice question. income statement asset liability balance sheet

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The balance sheet alone is affected by transactions between the company and its stockholders.

The balance sheet is a financial statement which reports the assets, liabilities, shareholder equity of a firm at end of an accounting period.

The reason the balance sheet is only affected is because its accounts for stockholders transactions alone. Account such as Income statement, Trial balance does not account for this transaction.

Therefore, the Option D is correct because the balance sheet alone is affected by transactions between the company and its stockholders.

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what method is recommended for a weekly review of the tasks on your to-do list?

Answers

Answer:

Delete it, Do it now, or Defer it.

Explanation:

The three D method is recommended for a weekly review of the tasks on your to-do list which includes Delete it, Do it now, or Defer it.

What is the importance of a weekly review of the tasks?

The importance of weekly review of the tasks plays a significant role in an individual's improvement and growth. It enables people to get ready for the upcoming week. To ensure that everything is completed correctly, it is also used to prioritize your activities.

A chance to proactively influence your life is presented through a weekly evaluation. It's an opportunity to be in alignment with your objectives and make sure that the everyday work you conduct is advancing those objectives.

The three D methods involve deleting the completed task after evaluating them and preparing a schedule for the upcoming task and marking them on the priority list in order to complete it in a timely.

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a major advantage of the corporate form of ownership is ______.

Answers

One of the main advantages of owning a company as a corporation is that  there is B) limited legal liability

Limited liability:

Is a feature of corporations Means that the personal belongings of the owners are separate from that of the business and cannot be touched if things go awry.

When there is limited liability and a company fails, creditors cannot touch the personal assets of the owners under limited liability.

In conclusion, limited liability is a major advantage of the corporate form of ownership.

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A diversification strategy should enable a company or its individual business units to create value in the value chain to:

Answers

A diversification strategy should enable a company or its individual business units to create value in the value chain to: establish differentiation and increase pricing options.

Assume that you pay $2,849. 84 in state property taxes every year. If your property has an assessed value of $41,302, what is your state’s property tax rate? a. 0. 077 b. 0. 032 c. 0. 014 d. 0. 069 Please select the best answer from the choices provided A B C D.

Answers

Answer:

D

Explanation:

2849/41302=.06897971014, which equals .069

A mechanic charged $220. 28 to repair a car. The price included charges for 3 hours of labor and $126. 53 for parts. How much does the mechanic charge per hour for labor?.

Answers

Answer:

31.25 is the hourly rate of labor

Explanation:

220.28 - 126.53 = 93.75

93.75 is the total labor price

93.75/3 = 31.25

Question Mode Multiple Choice Question When a company considers putting together a sales force, it may choose to hire salespeople directly or use ______. Multiple choice question. advertising executives manufacturer's representatives volunteers college students

Answers

The company may choose to hire the salespeople directly or use the advertising executives to set up a sales force.

The advertising executives is like a party that acts as link between its principal and its clients

The advertising executives works for both the advertising firm and the clients that wishes to advertise through the firm.

Hence, the company may opt to hire an advertising executives so as to facilitate easy advertisement of its product on sales with the advertising firm.

In conclusion, the company may hire the salesperson and advertising executives.

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