Answer:
Revenue that has been earned by the end of December is $ 140,000
Explanation:
When entity uses the accrual method of accounting, the transaction is recorded as and when it occurs.
The subscription revenue received relates to services to be rendered over 12 months. Therefore the Revenue is recognised as magazines are issued over - time.
<em>From the first issue June to end of December , there exists 7 issues of magazines.</em>
Revenue to be recognised = $240,000 × 7/12
= $ 140,000
The percentage profit = 18%
A profit is made on sale with selling price more than the purchasing price. The purchasing price is also known as the cost price.
Given the selling price = $225000
and the purchasing price = $190000
Since the selling price is more than the purchasing price, there is obviously a profit gained.
Now profit amount = Selling price - Purchasing price
= 225000-190000 = $35000
Profit percentage = (Profit / Purchasing price) x 100%
= (35000 / 190000) x 100%
= 18.42%
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Answer:
A is the correct answer.
Explanation:
Sales managers are important for improving a company's revenue. Their job is to create a high-performance sales team and achieve revenue forecasts. Sales managers can improve the quality of their employees. A good manager who gets average salespeople knows how to coach, motivate and advise the salespersons, but for improving the managers would have to know what the salesperson would be doing and what are their traits and abilities job candidates will have to success.
