Horizontal model to record the effects of subscription fees

Assignment Help Accounting Basics
Reference no: EM131760506

Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $46 in advance for a one-year subscription. During the month of August 2016, Evans Ltd. sold 310 one-year subscriptions and received payments in advance from all new subscribers. Only 84 of the new subscribers paid their fees in time to receive the August newsletter; the other subscriptions began with the September newsletter.

Required:

Use the horizontal model to record the effects of subscription fees received in advance during August 2016. (Use amounts with + for increases and amounts with - for decreases.)

Reference no: EM131760506

Questions Cloud

How industry involves guest in order to provide quality : Describe how the industry involves the guest in order to provide quality service. Recommend at least one way the industry could better provide information.
Discuss horizontal analysis and vertical analysis : Additionally also address the query in the main topic of where the input comes for the calculation
What are the benefits of risk-based approaches : What are the benefits of risk-based approaches? When might an examination of only one risk factor be appropriate for decision-making?
Prepare an adjusted trial balance : Prepare an Adjusted Trial Balance in the space below. Prepare journal entries to record the October transactions in the General Journal below
Horizontal model to record the effects of subscription fees : Use the horizontal model to record the effects of subscription fees received in advance during August 2016
Develop the internal executive proposal that outlines a plan : Develop the internal executive proposal that outlines a plan for integrating the smaller company into your current company's current organizational model
Write the journal entry to record collection of the note : Use the horizontal model or write the journal entry to record collection of the note and interest at maturity
Recommend one method to improve job satisfaction : Assignment: Quality Service Assurance- Recommend one method to improve job satisfaction in general for this industry.
Reflect the overall brand positioning : Creative Brief will reflect the overall brand positioning, the communications objectives and the overall creative strategy.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd