Answer:
Service revenue of $ 440
Explanation:
When the customer prepays, the revenue is yet to be earned hence the entries required would be a debit to cash account and a credit to unearned or deferred revenue.
As the service is rendered and revenue is earned, debit the deferred revenue account and credit the revenue account with the amount earned.
Since $660 was collected for 6 training sessions
Revenue from a training session
= 1/6 × $660
= $110
After 4 training sessions, revenue earned and to be recognized in the income statement
= 4 × $110
= $440
Answer:
$217,000
Explanation:
Begining Purchases Ending
Raw Materials $ 36,000 $ 69,000 $ 24.000
Work in Process $ 23,000 $ 17,000 $ 6.000
Finished Goods $ 37,000 $ 55,000 -$ 18.000
Direct Lab Costs $ 94,000 $ 94,000
Manuf Overhead $ 54,000 $ 54,000
Total
Raw Materials $ 81.000
Work in Process $ 6.000
Finished Goods -$ 18.000
Direct Labor Costs $ 94.000
Manufacturing Overhead $ 54.000
Costo of Goods Manufactured $ 217.000
Answer:
Check the following explanations.
Explanation:
1. The benefits of global marketing for IKEA are:
1. Economies of scale in production and distribution of their products. – refers increased cost savings due to increased production and distribution which eventually increase the revenue of the firm.
2. Diversifying company markets through growth and expansion means its market share and customer base is increased.
3. Company’s reputation is improved- IKEA has now become world famous and the market leader in the industry.
4. IKEA’s power and scope of business has increased in the multiple markets which has made IKEA the most sought after furniture retailing company in Europe and Germany.
2. The fact that Ikea strives to lower costs, minimizes materials and packing, and has catalogs that are completely recyclable shows the company’s Corporate Social Responsibility (CSR) towards the community.
3. One reason for the relatively slow growth in the United States is that its stores are franchised by Netherlands-based Inter IKEA Systems, which carefully scrutinizes potential franchisees—individuals or companies—for strong financial backing and a proven record in retailing.
4. IKEA has used franchising and distribution as the mode of entry into the foreign market.
Your answer would be C because you gotta be ive if you wanna be in journalism and broadcasting
