Answer:
would it be sales representative since they were only able to replace the device and apologize
Answer:
No
Explanation:
Stella doesn't make over 12,000 dollars.
Facebook is facing AN ETHICAL DILEMMA. Ethical dilemma occur when a choice has to be made between two alternatives neither of which resolves the situation in an ethically acceptable manner. When faced with an ethical dilemma, relax, talked with appropriate experienced colleagues, examines the ethical principles involve closely and then make your decision.
Answer:
$2,200
Explanation:
The computation of the adjusted balance of prepaid insurance is shown below:
= Expired amount of prepaid insurance
= $2,200
Insurance expense A/c Dr $2,200
To Prepaid insurance Cr $2,200
(Being the insurance expense is recorded)
At the time of insurance expired, the amount is transferred from current asset to the insurance expense account in the income statement
Answer:
The adjusted balance in Deferred Revenue at the end of year 1 is $1,080,000.
Explanation:
Deferred revenue is also known as unearned revenue which means that income is received but not earned. In accrual basis accounting, we record revenues only after we deliver the goods or perform the services.
In this case, the $1,800,000 is received for 10 home games which means that per game we received 1,800,000/10 = 180,000.
Since only 4 games were played during the year, the revenue earned at the end of year 1 is: 180,000*4= 720,000
The remaining 6 games will be played in year 2 but we have already received the payment of games, so it will be considered as a Deferred Revenue. The amount of Deferred Revenue at the end of year 1 is:
⇒ 180,000*6 = 1,080,000
