Answer:
Explanation:
The adjusting entry is shown below:
Deferred Subscription Revenue A/c Dr $12,000
             To Subscription revenue A/c $12,000
(Being the deferred subscription amount is adjusted)
The computation is shown below:
= Number of subscriptions sold × sale price each × (number of months ÷ total number of months in a year)
= 400 subscriptions × $90 × (4 months ÷ 12 months)
= $36,000  × (4 months ÷ 12 months)
= $12,000
The four months are reported from the September 1 to December 31
 
        
             
        
        
        
Answer:
A. True
Explanation:
In the case of absorption costing, the fixed manufacturing overhead should be incurred at the time when the units are generated or produced. While on the other hand, in the case of variable costing the fixed manufacturing overhead should be incurred at the time when the units are sold
Therefore the given statement is true
Hence, the correct option is a. 
 
        
             
        
        
        
Answer:
FALSE
Explanation:
It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not. 
The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern. 
A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue 
 
        
             
        
        
        
Answer:
133 acres of sugar cane 
and 300 of soybean provide a profit of $ 733,000
Explanation:
We setup the fromulas and use excel solver:
labor hours:  3 x sugar acres + 4 x soybean <= 1,600
profit  = 1,000 x sugar acres + 2,000 soybean 
with the restriction soybean <= 300
                  SOLVER  	
               acres          hours             PROFIT
sugar cane	133  x 3 = 399       x 1,000 =    133,000
soybeans	300  x 4 = 1,200           x 2,000 =<u>  600,000  </u>
                                                   TOTAL           733,000