Answer: $220,000
Explanation:
Using the Accrual Method of Accounting means that revenue is only to be recorded when it is earned i.e. when services have been delivered.
Any revenue received when the services have not been delivered will be recorded as Unearned Revenue.
With $528,000 in subscription revenue, the monthly subscription is;
= 528,000/12
= $44,000
From June to December would be 7 months so they would have earned;
= 44,000 * 7
= $308,000
The amount that they have not earned but have received would therefore be;
= 528,000 - 308,000
= $220,000
<em>This amount will be recorded after they finish deliveries of magazines in next year May. </em>
Which describes the cross section of the rectangular prism that passes through vertices A, B, C, and D?
(A rectangular prism with measurements 3 centimeters, 10 centimeters, 6 centimeters.)
a rectangle with two 10-cm sides and two 6-cm sides
a rectangle with two 10-cm sides and two sides that are longer than 6 cm
a nonrectangular parallelogram with two 10-cm sides and two 6-cm sides
a nonrectangular parallelogram with two 10-cm sides and two sides that are longer than 6 cm
The government has total control in a command economy, all production, investment, prices and incomes are determined by the government. A command economy is also known as a communist society because business owners do not have any control over their businesses. In a command economy, there are risks/disadvantages of running operations this way because there is a lack of competition and efficiency. When the government controls everything, there is less competition because pricing is set by the government. There is also less efficiency due to them waiting on the government to make their decisions.
Legazint most likely follows <u>b. a customer-based division</u>.
<u>Explanation:</u>
The customer-based division is generally followed in an organization to split the functional areas based on the customer demand. This is mainly followed due to increase in production and sales. The working departments are classified into separate categories.
In the above scenario, customer-based division is followed in the law firm. This was done for the facilitation of the clients. The staffs are organized into separate departments based on the client demands. The common departments are federally incorporated organizations, partnerships, corporations, sole proprietorship and limited liability companies.
Answer: -$200 or $200 loss
Explanation:
Profits are made on call options when the price of the underlying asset increases in value.
These contracts are sold per 100.
The premium paid is subtracted from the profit to find the net profit.
Net Profit = ( 1,301 - 1,300 - 3) * 100
= -$200
