Answer:
A. Dr Cash $705,120
Cr Unearned subscription revenue
B. Dr Unearned subscription revenue $58,760
($705,120 *1/12)
Cr Subscription revenue $58,760
Explanation:
a) Preparation of the entry in November for the receipt of the subscriptions
Dr Cash $705,120
(27,120*$26)
Cr Unearned subscription revenue $705,120
(To record the receipt of the subscriptions)
b) Preparation of the adjusting entry at December 31, 2015, to record sales revenue recognized in December 2015
Dr Unearned subscription revenue $58,760
($705,120 *1/12)
Cr Subscription revenue $58,760
(To record sales revenue recognized)
Answer:
the dollar value changes in the future, the dollar value becomes unstable, interest rates fluctuate in value
Explanation:
Answer:
Differences in work styles
Explanation:
Conflicts are serious disagreements. They arise from differences in ideas, opinions, methodology, or actions. Conflicts create tensions and may lead to verbal or physical violence if unresolved.
David, as the manager, has his style of working. The employees under him may have different methods of performing their roles. If David does not appreciate his junior ways of working, there could be tension and unnecessary conflicts.
Answer:
(i) $14,000
(ii) $32,000
(iii) $10,000
Explanation:
Cost of the machine that is recorded in the books of accounts is the total cost incurred to make the machine useful and useable.
Cost for each machine:
= amount paid for the assets + installation costs + renovation cost prior to use.
Therefore,
Cost of Machine A = 11,000 + 500 + 2,500
= $14,000
Cost of Machine B = 30,000 + 1,000 + 1,000
= $32,000
Cost of Machine C = 8000 + 500 + 1500
= $10,000
The president sumits a budget plan to congress is correct.