Answer:
Jan 01
Dr Copyright $418,000
Cr Cash $418,000
Dec 31
Dr Amortization expense—Copyright $41,800
Cr Accumulated amortization—Copyright $41,800
Explanation:
Preparation of the entries to record the purchase of the copyright on January 1 and its annual amortization on December 31.
Jan 01
Dr Copyright $418,000
Cr Cash $418,000
(To record purchase of copyright)
Dec 31
Dr Amortization expense—Copyright $41,800
Cr Accumulated amortization—Copyright $41,800
($148,000/10 years)
(To record annual amortization)
Answer:
Total Expense: $ 347,000
Income: $ 135,000
Explanation:
<u><em>Income Statement Imaging Services </em></u>
<u><em>For the Month Ended March 31, 2018</em></u>
Fees earned $482,000
Wages expense $ 300,000
Rent expense $41,500
Supplies expense $3,600
Miscellaneous expense $1,900
Total Expenses $ 347,000
Income $ 135,000 Wages, rent , supplies and miscellaneous expenses are totaled and deducted from the fees earned. Fee earned is the revenue and the expenses are deducted from it. By deducting expenses from revenue we get the income.
Answer:
<u>Uniform delivered pricing</u>
Explanation:
<u>Uniform delivered pricing:</u> In business or management, the term "uniform delivered pricing" is determined as one of the pricing methods whereby every customer tends to pay a similar amount of money or freight costs to the seller irrespective of their distance from the seller's dispatch point. Uniform delivered pricing is also denoted as "postage stamp pricing".
<u>In the question above, the given statement represents the "uniform delivered pricing".</u>
The main function of a manager that demonstrates the above situation is "planning". The planning is a step that includes mapping out exactly how to achieve a particular goal, in the situation above Arman plans to improve the company sales.