Explanation:
The adjusting entry is as follows
On January 31
Unearned revenue A/c Dr $3,500
To Magazine subscription revenue A/c $3,500
(Being the unearned revenue is recorded)
The computation is shown below:
= Sale value of annual subscriptions ÷ total number of months in a year
= $42,000 ÷ 12 months
= $3,500
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Berry Co. purchases a patent on January 1, 2021, for $33,000 and the patent has an expected useful life of five years with no residual value.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= 33,000/5= $6,600
Answer:
Answer for the question:
During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a result, PC makers dramatically reduced their orders of computer chips from Intel and other vendors. In general, the environment in which computer manufacturers operate is very uncertain; how should we expect this feature of the market to affect the length of contracts between computer manufacturers and their hardware manufacturers?
is given in the attachment.
Explanation:
Answer:
<em>Sole proprietorship</em>
Explanation:
Judy has realized that she does not like working for others . She wants to open a business in which she will have maximum control and the least fro, government regulations . <u>Sole proprietorship</u> is best suited for Judy's needs.
<em>Sole proprietorship is the form of business in which a single person is responsible for all the decisions , that single person have full control over the business . </em>
Sole proprietorship is the form of business which is easy to form with no legal formalities. There is a secrecy in Sole proprietorship . In Sole proprietorship the interference of the government is minimum .Sole proprietorship facilitate quick decision making as he /she does not need to concern with others. In the sole proprietorship , the individual need not share his profit with other person . The overhead cost in Sole proprietorship is less.
In you need not to work under anyone, you just need to open it and run according to you , you have full control over it , as no one can say anything to you .
