Answer:
$11,000
Explanation:
The computation of the revenue earned in 2018 is shown below:
= Beginning balance of unearned revenue account + credit balance - ending balance of unearned revenue account
= $6,000 + $20,000 - $15,000
= $11,000
Simply we added the credit balance and deduct the ending balance to the beginning balance so that the correct amount could come
Answer:
C.
Explanation:
Based on the information provided within the question it can be said that the hardest product for a new salesperson to sell would be Management consulting services. This is because unlike the other products listed in the answers, this is not a physical product that they can show the value of to customers. Instead Management Consulting services requires a lot of experience in order to sell and convince the customer that the service will be of value to them.
Answer:
1. Categorized as the three Pong Test.
2. Yes, Tonia breached a duty
Explanation:
In this scenario, considering that Big corporation had been looking for land to build a new factory.
According to law, a director (President; Tonya) may not usurp or take control of a business opportunity if the corporation (Big Corporation) is financially able to take the opportunity (the suitable land), the opportunity is in the corporation’s line of business, and a conflict of interest would result between the corporation and the director if the director took the opportunity without approval from the corporation.
As President of the Corporation, Tonya has fiduciary duty to the corporation under law, meaning she has a duty to take no action that would harm the corporation and to always act in the best interests of the corporation to the best of her abilities. Since Tonya plans to purchase it herself and to sell it at a profit at a later date she has breached the duty.
The “corporate opportunity” cannot be taken by one (Tonya) occupying the fiduciary relationship with the corporation when the proposed activity is reasonably incident to the corporation’s present or prospective business and is one in which the corporation has the capacity to engage.
Inorder not to breach a duty she would have followed Rick's advice by discussing with the board members before taking any action.
A downside of primary research is that it is expensive and time consuming. Primary research allows people to find more inde pthinformation on a research topic or subject however, it is very expensive. Primary research is research that is new and very specific in the field they are researching. Primary research can be interviews, focus groups, surverys or other search ways to collect data.
Answer:
Target profit in units = 47058.82 rounded off to 47059 units
Explanation:
The break even units of sales are the number of units that must be sold in order for the company to have enough total revenue to cover its total costs. It is a point in the number of units where there is no profit or no loss.
We can use the break even analysis and formulas to calculate the number of units required to earn a certain target profit. Thus, we will just need to add the target profit amount to the fixed costs in the break even in units formula. The formula to calculate the target profit in units is,
Target profit in units = (Fixed costs + Target profit) / Contribution margin per unit
Target profit in units = (700000 + 100000) / 17
Target profit in units = 47058.82 rounded off to 47059 units