Golddigger services inc. provides services to clients. on may 1, a client prepaid golddigger services $65,000 for 6-months services in advance. golddigger services' general journal entry to record this transaction will include a:

Answers

Answer 1
If these are the missing choices:
a.Debit to Unearned Revenue for $65,000.
b.Credit to Management Fee Revenue for $65,000.
c.Credit to Cash for $65,000.
d.Credit to Unearned Revenue for $65,000.
e.Debit to Management Fees Revenue for $65,000.

My answer is: D. Credit to Unearned Revenue for $65,000.

May 1 journal entry will also have a debit of Cash for $65,000.

Since it is a prepayment, it means that Golddigger Services Inc. has a liability to perform the services that have been prepaid.

May 31 journal entry will have a debit to Unearned Revenue and a credit to Earned Revenue for 10,833.33. This is for the services earned for the 1st month.

65,000 / 6 months = 10,833.33 per month.




Related Questions

The requirement of a "double coincidence of wants" is the chief __________ of the __________ exchange system.

Answers

The requirement of a "double coincidence of wants" is the chief disadvantage of the barter exchange system.
It means that one supplier wants to obtain the goods from another supplier, and the other supplier wants to obtain the goods from the first supplier. Often, in the barter exchange system, this is not the case, which is why it is a disadvantage. 

Which may be operated by retailers, manufacturers, or distribution specialists, is a facility for the receipt, storage, and redistribution of goods to company stores or customers?

Answers

Which may be operated by retailers, manufacturers, or distribution specialists, is a facility for the receipt, storage, and redistribution of goods to company stores or customers?

distribution center

When you hit a parked vehicle and cannot find the owner, you should?

Answers

Leave a note, with contact information

Developed nations tend to have: question 28 options: limited labor supplies but lots of capital. low capital-to-labor ratios. limited amounts of both labor and capital. large amounts of both labor and capital.

Answers

Developed nations tend to have LIMITED LABOUR SUPPLIES BUT LOTS OF CAPITAL. There are two major types of labour; skilled and unskilled labour. Developed nations of the world generally have low supply of labour which are needed to carry out the required activities in the economy, but they usually have huge capital, that is why people from less developed nations migrate into these countries. 

True or false members of the texas house of representatives are limited to being elected to three consecutive terms in office.

Answers

The answer to this question is False.

Texas House of Representatives consists of 150 members who are elected by the state and they have a 2 years term. The members of the Texas House of Representatives meet at the House of Representatives chamber of the Texas State Capitol and there is no term limit for being a member of this house.

Which piece of educational information is normally not asked about on a job application?

Answers

The educational information is that to be given in a job application depends on the type of job you are applying for. Those jobs that require educational background are those jobs that require particular level of education like level of education for a politician for example. As long as the nature of the job do not require a particular level of education, it is not proper to ask for educational information.

________ refer to a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible.

Answers

service  refer to a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible.
A service does not have a physical appearance unlike any other type of product. It is created to make it easier for customers to do certain things that offered by the service.

According to the video on managing space and time, there are ______ factors that determine how much driving space and time you need.
a. two
b. ten
c. four
d. fifteen

Answers

The answer to this question is "FOUR" which is letter "C" from the choices. As per or according to the video on managing space and time, there are four factors that define and will determine how much driving space and time we needed. These four factors will the driver helps to be safe and see the hazards ahead of time.

What is the difference between patronage and the merit principle?

Answers

Patronage principle based its hiring and promotion system on political reasons while the merit principle employed the idea that hiring should be based on entrance examination and promotion. One of the major disadvantage of the patronage principle is that, it may end up employing people who are not qualify for the job. Merit principle choose based on qualifications. 

In the __________, the death rate declined from nearly 30 deaths per thousand people in 1950 to less than 15 since 1990. poorest countries far east richest countries near east

Answers

I would say that this statistic probably refers to the richest countries where the standard of living is higher than poor countries and if it was infant mortality then more modern health facilities and access to them would be a strong factor hopefully better in the countries with a higher standard of living. On the other hand, Cuba has an infant mortality of 4.76 deaths per 1000 live births compared to 5.90 for the US so is a testament to the success of their social system. 

Compare and contrast anticipatory and responsive business models. why has responsiveness become popular in supply chain strategy and collaboration.

Answers

In an ideal setting, the anticipatory business model is used for those products with standard curves of demand. These products have low variation and usually follow the trend. While the responsive business model is used for products with high variations and the data should come from historical trends. 

Karen made a commission of $3,522.75 on the sale of a property. she split her commission equally with her broker which is 50% to the broker and 50% to karen. her broker took 55% of the total commission on a 7% commission rate. what was the sale price of the property?

Answers

Final answer:

Based on the commission earned, the broker's cut, and the commission rate, the sale price of the property was $100,650.

Explanation:

The question is asking us to figure out the sale price of a property based on Karen's commissions and her broker's cut. The information provided indicates that Karen received $3,522.75 from the sale, which is 50% of the total commission. This means that the total commission was $3,522.75 * 2 = $7,045.50. The question also tells us that the broker's cut is 55% of total commission. However, this information is irrelevant as we have already determined the total commission based on the 50-50 split between Karen and her broker. The Commission rate on the sale was 7%, and commission is typically calculated as Commission rate * Sale price. Hence we can calculate the Sale price = Total commission / Commission rate. Plugging in our values we get the Sale price = $7,045.50 / 0.07 = $100,650. Therefore, the sale price of the property was $100,650.

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Facebook is facing a(n) ____________, a situation in which they have to decide whether to pursue a course of action that may benefit them but is illegal or unethical.

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Facebook is facing AN ETHICAL DILEMMA. Ethical dilemma occur when a choice has to be made between two alternatives neither of which resolves the situation in an ethically acceptable manner. When faced with an ethical dilemma, relax, talked with appropriate experienced colleagues, examines the ethical principles involve closely and then make your decision. 

Facebok is facing an ethical dilemma, a situation in which they must decide whether to pursue a course of action that may benefit them but is illegal or unethical.

This ethical dilemma stems from numerous controversies surrounding privacy, data handling, misinformation, and the potential misuse of the platform. On one hand, Facebok may be motivated to maximize profits and user engagement, even if it means permitting certain unethical practices. On the other hand, they are expected to act responsibly, ethically, and within the bounds of the law to protect user data and the integrity of their platform.

The ethical dilemma arises because Facebok must balance its financial interests with its moral and legal obligations. They must decide whether to prioritize short-term gains or long-term trust and credibility. Addressing this ethical dilemma requires careful consideration of the consequences of their actions on users, society, and their own reputation. It also necessitates adhering to ethical principles and legal standards while making decisions that impact their platform and the broader online community.

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The most effective form of business organization for raising money to finance the expansion of its facilities and capabilities is a:

Answers

I'd say, by ploughed back profit.

Su lin and angela are discussing how the veterinary technician can play an important role in preventing euthanasia of animals for behavior problems. su lin says that veterinary technicians can provide the pet owner with preventative counseling. angela says the veterinary technician can provide treatment options and identify behavior problems. who is correct?

Answers

both of them are correct 

Ardie bought 854 acres of land for development. of 62 acres of his purchase is reserved for a park, how many three-acre building lots are available for sale

Answers

Let me help you!
What we have so far:
* Ardie's 854 acres of land for development.
* 62 acres of land reserved for a park.
* We need to find out how many three-acre building lots are available for sale.

To solve this:
Step 1: Get the TOTAL LAND AVAILABLE.
TOTAL LAND AVAILABLE =  854 acres - 62 acres (for the park)
TOTAL LAND AVAILABLE = 792 acres
*** The reason why we subtracted 62 acres from 854 is because that 62 acres will be used for the park. No three-acre building will be constructed inside the park. 

Step 2: Get the THREE-ACRE BUILDING LOTS AVAILABLE.
THREE-ACRE BUILDING LOTS AVAILABLE = TOTAL LAND AVAILABLE / 3 acres
*** The reason why we will divide the TOTAL LAND AVAILABLE by 3 acres is because a three-acre building lot is basically 3 acres.
THREE-ACRE BUILDING LOTS AVAILABLE = 792 acres / 3 acres
*** Cancel the unit of measurement which is acres.
THREE-ACRE BUILDING LOTS AVAILABLE = 264 <----- Answer

Therefore, there are 264 three-acre buildings which are available for sale!

Html uses _________ to annotate documents. this is a way of marking up the content to identify specific html elements.

Answers

Answer:

The correct answer is "tags".

Explanation:

Html uses tags to annotate documents, identifying specific Html elements. HTML tags are the basis of this programming language, which remains the background for many other more advanced languages. An HTML tag is the content within angle brackets in the web code.

Have a nice day!

Html uses tags to annotate document

For better understanding, we have to explain what Html means

HTML is simply defined as set of symbols that is madeup or also known as codes that is put into a file that has been set down for display on a web browser. The term "HTML" stand for Hypertext Markup Language.The html tag instructs the browser that this is an HTML document and the tag shows the root of an HTML document.

From the above, we can therefore say that the answer Html uses tags to annotate documents is correct.

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Labelle, a famous cosmetic brand, introduces a new skin cleanser. initially, the product does extremely well and reaps huge profits for the company. after using the product for few months, consumers having acne complain of rashes and allergies. an external chemical agency accuses that the company used a harsh chemical that causes allergies to people with acne, and it did not include it on the ingredients list displayed on the productâs label. these harsh chemicals did not cause allergies to people with normal skin. when enquired, the companyâs ceo confesses that the products would have not done so well if they had listed the chemical. the company can be charged

Answers

The company can be charged with falsifying  the presentation of a food product such as its ingredients. It is under the Section 15 of Food Safety Act of 1990. This is because even though the company is listing the ingredients of the product in their packaging, they did not include one of the ingredients that caused an infection on the external parts of the consumers.

Which of the following actions would likely raise life insurance premiums?
A)Being a non-smoker
B) Going skydiving every weekend
C) Living a healthy lifestyle
D) Refraining from drinking alcohol

Answers

Your answer would be B... 

I hope I helped and if you need anymore you could always ask me...

Answer:

B

Explanation:

Once a person has been trained to operate a lift truck, they are authorized to use any type of lifting device

Answers

 

The answer is FALSE; an operator is only trained to operate a narrow aisle lift truck which is indicated on the permit of OSHA that has very clear standards that employees must follow. If an operator is in need to operate a lifting device with a larger capacity or a different kind of a lifting device, an operator will need conversion training with the class of lifting truck. It is not allowed to operate any lifting truck without proper training, authorized and employer certified on the specific class of lift truck. Once an operator is certified, he is responsible for the following safety procedures outlined in the training, truck manufacturers owner, operator’s manual, and company’s policies and procedures. The employer is intended to certify that each operator has been qualified and assessed as compulsory. Preceding to the employer verifying the operator: the operator must obtain classroom type training, hands on training and an assessment.  

False. Once a person has been trained to operate a lift truck, they are not necessarily authorized to use any type of lifting device.

Training for a specific type of lift truck does not automatically qualify an individual to operate other types of lifting devices. Different lifting devices may have unique operational characteristics, safety protocols, and maintenance requirements that necessitate additional training and certification.

Specialized Training: Each type of lifting device has specific operational and safety guidelines that require distinct training to ensure safe and effective use.Safety and Compliance: Operating lifting devices without proper training can lead to accidents and regulatory non-compliance, emphasizing the importance of obtaining appropriate training for each device.Device-Specific Training: Training on a lift truck does not authorize the use of all lifting devices, as each requires specialized training.

The complete question is:
Once a person has been trained to operate a lift truck, they are authorized to use any type of lifting device.
True or False

The process of removing sworn officers from noncritical or nonenforcement tasks and replacing them with civilians or nonsworn employees is called __________

Answers

The process of removing sworn officers from noncritical or nonenforcement tasks and replacing them with civilians or nonsworn employees is referred to as CIVILIANIZATION.

Further explaining it, it is the process of involving the replacement of fully attested, sworn police officers with 'civilian' staff who have either no police powers or limited police powers and who provide either administrative or specialist support to policing.

Speed adjustments on the highway are necessary because of what three factors? name them and describe why they alter the driving task.

Answers

Speed adjustment is necessary in highways because of three factors such as:
weather conditions: when there is a presence of heavy rain or heavy snow fall, it is advisable that the drivers should follow a certain speed limit to prevent accidents from happening.
traffics and traffic signs: it is likely to follow the speed limit in traffic to prevent any accidents from happening as well as the traffic signs because not following the rules are punishable by law.
emergency vehicles: it is best to give way or to slow down and give way to fellow emergency vehicles because they have a responsibility in serving people especially in an emergency.

In response to the u.s. income distribution trend toward ________, levi-strauss introduced premium levi's capital e line to upscale retailers and the economy levi strauss signature line to mass-market retailers.

Answers

In response to the US income distribution trend towards LOW AND HIGH INCOME, Levi Strauss introduced ........................
Levi Strauss introduce two different products, one for the high income class and the other for the low income class, thus ensuring that he serves the people in both groups. 


Final answer:

In response to increasing income inequality in the US, Levi Strauss introduced two different product lines aimed at addressing different segments of the market. The Levi's Capital E line was targeted towards wealthier consumers and was sold in upscale outlets, while the Economy Levi Strauss Signature line was aimed at more budget-conscious consumers and was sold in mass-market retailers.

Explanation:

In response to the U.S. income distribution trend toward income inequality, Levi Strauss introduced the premium Levi's Capital E line to upscale retailers and the Economy Levi Strauss Signature line to mass-market retailers. The aim of this strategy was to address the growing disparity in buying power among American consumers, thereby catering to both ends of the economic spectrum. This business move was a reaction to the growing divide between the 'haves' and 'have-nots' in American society.

The growing income inequality in the US indicated a clear divergence in the purchasing abilities of different classes of consumers. The Levi's Capital E line was targeted towards the wealthier segments of society. This line was advertised as a premium product and was typically sold in upscale retail outlets. On the other hand, the Economy Levi Strauss Signature line was more budget-friendly and was primarily sold in mass-market retailers, with the aim of appealing to lower and middle-income consumers.

These strategies of segmenting the market based on income levels allowed Levi Strauss to maintain its profitability amidst economic developments. It is evident that trends in income distribution can significantly impact a company's product development and marketing strategies.

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When you go on a date with one other person, you have formed a:?

Answers

When you go on a first date with someone you have most likely formed an acquaintanceship or even a friendship. One date does not make a relationship for two people. After several dates, a person could form a relationship if both people like each other well enough. 

An insured buys a 5-year level premium term policy with a face amount of $10,000. the policy also contains renewability and convertibility options. when the insured renews the policy in 5 years, what will happen to the premium

Answers

Final answer:

When an insured renews a 5-year level premium term policy, the premium typically increases because the risk associated with the policyholder (based on their age) also increases. Insurance companies also categorize individuals into risk groups, charging higher premiums to those with a higher risk.

Explanation:

When an insured renews a 5-year level premium term policy, typically the premium will increase. Insurance is risk-based and the premiums are established from mortality tables, which show the rates of death for individuals at different ages. As the insured ages, the risk associated increases hence the higher premiums.

This is a fundamental principle of insurance and applies not just to life insurance, but to car insurance as well. For instance, if each 100 drivers pays a $1,860 premium each year, the insurance company collects funds to cover the costs of accidents that occur.

Insurance companies also classify people into risk groups, charging lower premiums to those with lower risks. If people aren't separated into risk groups, those with low risk wind up paying for those with high risks. This is how insurance companies stay profitable while still being able to cover large accident costs when they occur.

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Country x would have an absolute advantage over country y in the production of automobiles under what conditions?

Answers

Under the condition that country X can manufacture cars more cheaply. An absolute advantage devours in a country if it makes good over alternative country and uses a smaller amount of wealth to yield that good. The result of a country’s natural legacy is the absolute advantage. Another example is extracting oil in Saudi Arabia is pretty much just a matter of drilling a hole. Generating oil in other countries can is essential substantial exploration and costly technologies for drilling and extraction if certainly they have any oil at all. The United States devours about the richest farmland in the world which manufacture it at ease to grow corn and wheat than in many other countries. Guatemala and Colombia partake environment particularly suitable for growing coffee. Chile and Zambia have about of the world’s richest copper mines. As some have claimed that geography is destiny. Chile will bargain copper and Guatemala will harvest coffee and they will trade. When each country has a product others necessity and it can be manufactured with fewer resources in one country over another then it is easy to visualize all parties do good from trade. Thinking about trade just in relations of geography and absolute advantage is incomplete. Trade actually happens because of comparative advantage.

Country X can manufacture cars more cheaply

Vertical market managers are found only in _____ markets.

a. b2c

b. institutional

c. b2g

d. competitive

e. b2b

Answers

The answer is b2b (business to business) markets.  In this type of market, a market manager is more likely to be given accountability for a particular market segment. All customers such as these (retail, wholesale, and so forth) in a specific industry comprise what’s called a vertical market, and the managers of these markets are called vertical market managers. B2B companies organize in this way because buying needs and processes are probably to be similar within an industry and channels of communication are likely to be the same within an industry but different across industries.

According to the theory that ______, first noted by new york times columnist thomas friedman, globalization has leveled the competitive playing fields between industrial and emerging-market countries.

Answers

In the article of the New York Times, the columnist and writer name Thomas Friedman states that globalization has leveled and showed that the competitive playing fields between the industrial and the emerging-market countries. This phenomenon became known and according to the theory "THE WORLD IS FAT". This has been published and able to reach to a lot of people who become interested in this matter.

To project a trend that decreases rather than increases, use a step value of less than _______ for a linear trend.

Answers

Less than 0 for a linear trend, because the trend is no longer a trend but a FAD.

The goal of the planning phase for an information system project is to create a(n) ____________.

Answers

The goal of the planning phase for an information system project is to be able to create a plan of which it shows and coveys a step by step plan in how to manage and to set the priorities in the contribution of having a team to establish a specific goal of the project that they are trying to aim.

Answer:

Project development plan

Explanation:

It Manages plans for scope, schedule, cost, quality, human resources, communications, risk, and procurements.

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