Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 15 10 pts Best Clips hair salon sells a package of a haircut and hair coloring for $100. They sell haircuts separately for $40

image text in transcribed
image text in transcribed
Question 15 10 pts Best Clips hair salon sells a package of a haircut and hair coloring for $100. They sell haircuts separately for $40 and hair colorings for $80. How much revenue would they allocate to Haircut. Revenues and the Hair Coloring Revenues when a customer purchases the package? (round to the nearest whole dollar) Haircut Revenue Hair Coloring Revenue Question 16 10 pts A magazine subscription costs $60 for a 6 issue annual subscription. When is revenue recognized by the publisher for a paid subscription? $10 every other month when each magazine issue is provided to the subscriber O $60 when all 6 issues are provided to the subscriber O $60 when payment for the subscription is received O 560 when the first magazine issue is provided to the subscriber Question 19 10 pts Jay's Bar wanted to improve its reported revenue for the year 2021 so it offered Gift Cards for the Christmas season. $4,000 Gift cards were sold in December and $1,000 had been presented and honored by December 31, 2021 How much revenue can Jay's Bar able to recognize as revenue for the year 2021? answer to nearest whole dollar and without the sign) Question 20 10 pts Junky Dunky had the following activities at month-end: $10,000 cash on hand: $20,000 balance in their Chase checking account: ($20,000) in their PNC checking account: $8,000 in checks in transit to the bank for deposit: $5.000 in a CD with a maturity date in 18 months; and $1.000 in post dated checks. What is the amount of cash that should be reported on their month-end balance sheet? (answer to nearest whole dollar and without the sign)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance The Basics

Authors: Erik Banks

1st Edition

0415384575, 9780415384575

More Books

Students also viewed these Accounting questions