Answer:
The company promises to deliver upgrades for two years to a customer if they purchase software that costs $100. These upgrades need to be accounted for so they will be accounted for from the $100.
The $100 will therefore be split between the cost price of the software and the 2 year upgrades.
The part of the $100 that is the cost price will be recognized by the company as revenue immediately at the date of sale.
The upgrades however, will not. This is because you can only recognize revenue for services performed and these have not been performed yet. They will therefore be classified as Deferred revenue which is a liability account showing that the company owes people performance obligations.
As the years go by and the upgrades are given, the revenue will be recognized.
Answer:
Option (c) is correct.
Explanation:
Given that,
Budgeted unit sales for August = 4,600 units
Variable selling and administrative expense per unit = $7.30 per unit
Budgeted fixed selling and administrative expense = $51,980
Depreciation per month = $6,440
Total variable selling and administrative expense:
= Budgeted unit sales for August × variable selling and administrative expense per unit
= 4,600 × $7.30
= $33,580
Total fixed selling and administrative expense:
= Budgeted fixed selling and administrative expense - Depreciation per month
= $51,980 - $6,440
= $45,540
Total cash disbursements for selling and administrative expenses:
= Total variable selling and administrative expense + Total fixed selling and administrative expense
= $33,580 + $45,540
= $79,120
The needs that are not being met by business are man power,funds and strategy planning.The non-profit organization are funds.Yes, If you speak to entrepreneurs or non-profit organization they would call and talk about the funds.To find out meet friends whose dad run businesses and donate at least $10 to an non profit organization.
Explanation:
- Business has categories, Big caps, mid caps and small caps.
- Big cap( Organization with huge business like MC Donald.
- Mid caps ( Organization with employees about 500)
- Small caps ( SME small medium enterprise about 5 - 10 employees)
- Small scale enterprises have bigger problems they are not sustained.
- They run with employees who are not strategically smart and limited
- To start entrepreneurs must have land, labor,capital and organization.
- They are having minimum of that which is the important part.
- Non-Profit organization have categories to they known and unknown.
- The known ones are funded with bigger organization.
- The unknown ones are not but yet there could be differences.
- The Non-profit organization fights,poverty, female gender for basic.
- Necessity which is apparently still a big problems.
Answer:
$110,000
Explanation:
Variable cost is determined by high-low method:
Type A = $50,000
Type B = 0
Fixed cost determined using high low method is:
Type A = 0
Type B = $60,000
The total cost of high low method is $110,000.
Answer:
False
Explanation:
This does not depict corporate social responsibility because, for a company to practice corporate social responsibility, it must operate in ways that will impact the environment positively.
Therefore, in the case of the question above, the fact that the company donates to charity does not mean the company can operate in ways that will be harmful to the environment.