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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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Question 13 What is the value of Country 2's net exports?
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Which is the last step in making a personal budget?
OlgaM077 [116]
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Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 4,100 units, its aver
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Answer:

$63,140

Explanation:

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