Complete the paragraph to explain why unearned revenues are liabilities instead of revenues. in the explanation, use the following actual example: the new york times, a national newspaper, collects cash from subscribers in advance and later provides news content via print newspapers and online access to subscribers over a one-year period. explain what happens to the unearned revenue over the course of a year as the new york times delivers papers and online content to subscribers. into what account does the earned subscription revenue go as the new york times delivers papers and online content? give the journal entries that the new york times would make to (a) collect $ 85 comma 000 of subscription revenue in advance and (b) record earning $ 40 comma 000 of subscription revenue. include an explanation for each entry.

Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen