Answer:
A. 2
B. May 1, 2021
Dr Cash $94,600
Cr Deferred revenue $89,870
Cr Deferred revenue-coupons $4,730
C. May 1, 2021
Dr Cash $94,600
Cr Deferred Revenue $94,600
Explanation:
A. Based on the information given the numbers of PERFORMANCE OBLIGATIONS that are in this contract is 2 which are:
KEYBOARD and CUSTOMER OPTION FOR FUTURE DISCOUNT
B. Preparation of the journal entry that Meta would record on May 1, 2021.
May 1, 2021
Dr Cash $94,600
Cr Deferred revenue $89,870
($94,600-$4,730)
Cr Deferred revenue-coupons $4,730
(5%*$94,600)
C. Preparation of the journal entry that Meta would record on May 1, 2021
May 1, 2021
Dr Cash $94,600
Cr Deferred Revenue $94,600
Answer:
Advantages of Informal Sector employment:
Some employers pay well because company owners do not have many tax obligations. Employee effort is directed towards achieving profit rather than satisfying irrelevant routines.
There can be a close and direct relationship with the employer, therefore making it easy to get permission when in need of time off.
You are saved the hassle of paying Pay As You Earn tax.
There’s no red tape when it comes to dealing with personnel issues which are expressly handled either by the employer him/herself, or a senior manager.
Sometimes employment is done on the spot with little emphasis on attending lengthy job interviews and countless aptitude tests.
Sometimes one is employed because of one’s personal relationship with the employer rather than on merit.
Disadvantages of Informal Sector employment:
Little or no job security.
Unprotected by labour laws.
Odd working hours.
No pension, insurance or health insurance scheme.
Summary dismissals.
Difficult to make any savings due to low wages.
A brief illness or injury or injury can mean no financial means to survive.
Explanation:
Answer:
Option B $128700
Explanation:
The amortization can be calculated using the following formula:
Amortization for the Year = Assets Value * (Turquoise Extracted / Total Turquoise)
Amortization for the Year = $429,000 * (1950/6,500) = $128,700
The method used is depletioning method because it seems that the company will extract all of the turquoise within the 3.33 year time (6500/1950), which is within the 5 years duration for which the right to extract the turquoise is purchaseed. Otherwise the straigth line method would had be used here.
Answer:
a. True
Explanation:
The environment scanning means the scanning of the environment. In this, the information is collected with respect to the events and their relationship of an organization that could be internal and external. The main motive of this is to be measure the direction of the organization in near future
Also it identified the factor that impacts the success of the marketing
Therefore the given statement is true
Answer:
d. beyond some point, the production costs of additional units of output will rise
Explanation:
To answer this question you need to know the concept of marginal productivity. This concept is associated with input productivity and aims to explain how many inputs are needed to produce one more unit of output. Firms seek to produce more units with fewer inputs. Thus, the ideal is for marginal productivity to be increasing. This can happen over time as production increases. However, at some point marginal productivity will decrease and this will increase production costs if the firm does not stop producing.
To be clear, follow an example. Imagine that a pizza parlor uses two employees to produce 5 pizzas per hour. Now imagine that the pizza factory is experiencing increased demand for pizza and hiring more an employee. Now the pizzeria has hired 1 more employee and produces 10 pizzas. Note that hiring 1 employee increased the total productivity of the pizzeria. Previously 5 pizzas were produced by 2 employees, an average of 2.5 pizzas per employee. After hiring the third employee, this production increased to 3.3 pizzas per employee. Now imagine that the pizzeria hires 3 more employees and produces only 14 pizzas, an average of 2.3 pizzas per employee. In this case, productivity decreased due to structural factors, such as the number of ovens and the size of the pizzeria. Therefore, in the long run, production costs tend to increase when firms increase production greatly.
