Machiavelli’s Cable Co. sells different cable television packages to its customers. The firm sells a one-year contract called Maximum Value Package, which includes installation services, premium channels for 1-year, regular channels for 1 year, and a cable box. On January 1, 2017, the firm has sold 1 million of these packages for $1,000 each. These components can be purchased separately according to the following information: Regular channels $30 per month Premium Channels $40 per month Installation services $60 (one-time fee) Cable box $300 per unit Prepare the journal entries at the time of sale (January 1, 2017). Assume all customers paid in cash (no credit sales).

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)