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Gre4nikov [31]
3 years ago
5

Pemco Enterprises sells annual membership to its shooting lodge. The memberships cost $240 each. On January 1, Pemco sold 2,000

memberships and received cash. Refer to Pemco Enterprises. How much revenue should Pemco recognize on January 1?
A. $40,000
B. $240,000
C. $480,000
D. $0
Business
1 answer:
jenyasd209 [6]3 years ago
5 0

Answer:

Option C. $480,000

Explanation:

The reason is that the consideration (Services of memberships which has monetary value) of the contract to deliver the subscribers has been delivered by the Pemco Enterprise which was active their member account and let them enjoy the services which they provide so the sales would be the amount that the company is legally entitled to receive after delivering the consideration of the contract and is $480,000 ($260 * 2000 memberships).

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At the beginning of the year, Monroe Company estimates annual overhead costs to be $2400000 and that 300000 machine hours will b
Neko [114]

Answer:

Allocated MOH= $252,000

Explanation:

Giving the following information:

Estimated overhead= 240,000

Estimated machine hours= 300,000

Actual machine hours for the year were 315000 hours.

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate=  240,000/300,000= $0.8 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*315,000= $252,000

3 0
3 years ago
Damien McCoy has loaned money to his brother at an interest rate of 5.85 percent. He expects to receive $987, $1,012, $1,062, an
yKpoI14uk [10]

Answer:

The answer is: $3,657

Explanation:

To determine the amount of the loan we have to calculate the present value of the future payments discounting the interest rate of 5.85%.

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                  1.0585         1.0585^2            1.0585^3             1.0585^4

PV loan = $932.45 + 903.23 + 895.47 + 925.64

PV loan = $3,656.80

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On January 1, 2018, Gless Textiles issued $19 million of 8%, 10-year convertible bonds at 101. The bonds pay interest on June 30
Leni [432]
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Explain how one driving force has facilitated change at Domino’s.
BabaBlast [244]

Answer:

. Executive Summary

This assignment has been written to demonstrate the analytical processes and strategies with a

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insights from Dominos existing employees have been documented in this report.

Dominos India has been a leader in its market segment in India.

2. About Dominos India

On 26 March 1995 Domino's Pizza India Private Ltd operation began in 1996 with its’

first store in New Delhi. In January 2016, Domino's opened its 1000th outlet in New

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Domino's pizza is delivered to its customers with seasoning sachets.

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They deliver pizza along with garlic bread and a combo deals with Coke as the

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topping options as per the customer choice , many outlets close to your location,

soft spoken & trained staff and a peculiar taste have become a driving force for

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B) Because of their exceptional operation strategy they have been performing very well

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C) Mission Statement : Exceptional franchisees and team Exceptional franchisees and

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7 0
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Answer:

Explanation:

$394,400

5 0
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