Answer:
a. When must Janine recognize the income from the $17,360 advance payment for services if she uses the cash method of accounting?
Cash method of accounting recognizes revenues and expenses when they are received or paid for.
b. When must Janine recognize the income from the $17,360 advance payment for services if she uses the accrual method of accounting?
c. Suppose that instead of services, Janine received the payment for a security system (inventory) that she will deliver and install in year 2. When would Janine recognize the income from the advance payment for inventory sale if she uses the accrual method of accounting and she uses the deferral method for reporting income from advance payments? For financial accounting purposes, she reports the income when the inventory is delivered.
She will recognize revenue only after the merchandise is delivered.
d. Suppose that instead of services, Janine received the payment for the delivery of inventory to be delivered next year. When would Janine recognize the income from the advance payment for sale of goods if she uses the accrual method of accounting and she uses the full-inclusion method for advance payments?
Under this system, advanced payments are considered revenue on the year that they were received.
Answer: Differentiating
Explanation:
Sprout company as described in the question are making use of product differentiation to ensure parents and children consumption needs are met. Product differentiation in marketing occurs when a company distinguishes their products to meet the needs of the different types of consumer groups available in their target market.
Answer:
The price of tee-time should be reduced by 6.67%.
Explanation:
The price elasticity of demand for tee times is –1.5.
The manager wants to increase the number of tee times sold by 10%.
The price elasticity of demand shows the change in quantity demanded due to a change in the price level. It is the ratio of the percentage change in quantity demanded and percentage change in price.
Price elasticity =
- 1.5 =

Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
<h3>What is the payment monthly?</h3>
The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.
<h3>What is a loan amortization schedule?</h3>
It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner
It is given that:
- Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
- A fixed annual interest rate of 2.7% compounded monthly for 15 years.
The formula is:

Plug all the values in the above formula:

$1420.
Hence,
Cassidy's approximate monthly payment stands at $1420.
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It is know as extracurricular activities