Answer:
Crane should report $26,400 as subscription revenue in Income Statement
Explanation:
Amount received towards Subscription = $79,200 for 3 years
Subscription revenue to be recognized in Income Statement of 2020 =
= $79,200 / 3
= $26,400
Answer:
B. $ 140
Explanation:
As this is a one-time-only the company can consider only their variable cost. This wat, it can offer a competitive price and use their space capacity to generate additional contribution.
The fixed cost are considered in their currnet sales volume thus, these additional sales can increase their contribution if sold only at variable cost plus markup.
Answer: b) import cotton.
Explanation:
If the international price is cotton is less than the price that a country produces it at, it is best that the country imports the cotton than produce it because they do not have a competitive advantage in producing the cotton.
Should they then import, the resources that were being used to produce the cotton can be used on other things that they do have competitive advantage in.
<span>When setting standards by benchmarking, the first step is to determine what you want to benchmark. When you are working on benchmarking you are looking at and evaluating one thing with another. By performing the benchmarking activity the business can gain information on various activities where they are doing well or where they an improve in regards to other businesses. </span>
Answer: $295
Explanation:
Given that,
Amount spent by the students is normal in shape
Mean = $235
Standard deviation = $20
99.7% is within 3 standard deviations of the mean:
= Mean + 3 × Standard deviation
= $235 + 3 × $20
= $235 + $60
= $295
The amount of $295 is spent by all the students on textbooks.
