Answer:
$5,200
Explanation:
Annual price for each subscription is $104 covering the period from July 1 to June 30 (that is 52 weeks).
Half of this period fall in the current calendar year. i.e. July 1 to December 31 = 26 weeks.
Therefore, the amount to be recognized in the current calendar year is half the total subscription fee.
Total subscription fee = $104 * 100 renewals = $10,400.
There, half of that which will be recognized in the current calendar year
= 50% of $10,400
= $5,200.
D) He should choose a broker, open an account, deposit money, and communicate with the broker what stock he wants to buy.
Answer: 5,745 units
Explanation:
Given that,
Plans to sell:
6,000 purple lawn chairs during May
5,700 in June
6,000 during July
company keeps 15% of the next month's sales as ending inventory
Units should Doe produce during June:
= Sales in June + Ending inventory (15% of July sales) - opening Inventory (15% of June sales)
= 5,700 + 900 - 855
= 5,745 units