Answer:
The answer is true
Explanation:
Unearned Subscription Revenue is the revenue that has not been earned but the money has been received ahead of the service. It is termed as a liability because the customer can terminate the contract anytime.
As the customer enjoys the service, subscription revenue will be recognized monthly by the calculated proportion and this unearned subscription revenue will decrease by the same amount.
12-month subscription is $360
Therefore, the subscription charge for each month will be $30($360/12months).
August 1 through December 31 is 5 months.
Therefore, the amount for adjusting entry on this day will be $150(5 months x $30).
Note: Debit increases asset and expenses while credit decreases it. And debit decreases liability, equity, revenue while credit increases it.
Answer: e. recognizes entropy
Explanation:
Reengineering in an organization is a way through which an organization undergoes restructuring so that they can maximize their strength and work on their weaknesses.
Reengineering is aimed increasing income, improving the reputation of an organization, improving efficiency. It is also needed for a company to increase productive with reduced cost through improved processes.
Answer:
measures whatever causes costs to vary
is sometimes called a cost driver
Explanation:
Activity base is an action that is measured in activity based costing method. It is used to share overhead cost.
For example if cost of maintenance of machines is to be allocated to produced goods, machine hours is a good basis that is measured to achieve this.
In a more complex scenario several activity bases can be used to allocate cost.
So activity base measures whatever causes cost to vary and is also a cost driver
The correct answer is It takes in tax revenue and buys bonds.
Taxes are the main way that the federal budget is funded, which is why taxes have to be paid. They come from companies, people, organizations, and basically everyone.
