<span>This statement is true. Since it is impossible to eliminate all spontaneity in life, planning for every little thing is just not viable. There will always be an issue that pops up, which will only create more stress if not planned for. So, yes, too much planning on the job can get in the way of truly enjoying it.</span>
Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
Total Sales = No. of Subscription Sold × Advance Price of Subscription
= 500 × $60 = $30,000
August Month Received Amount = (No. of Subscriber × Paid Amount) ÷ (1÷12
)
=(350×$60)÷1÷12
= $21,000 ÷ 12
= $1,750
Balance Sheet
Particular Assets($) Liabilities($) Stockholder Equity($) Income($)
Cash 36,000
Unearned revenue 36,000
Earned revenue -1,800 -1,800
Total 36,000 34,200 -1,800
Income Statement
Income Amount ($) Expense ($) Amount ($)
Earned Revenue -1,800
Answer:
Budgeting, forecasting and planning
Explanation:
Service industries uses budgeting, which includes expected sales and operational cost, to forecast, plan and predict revenue. With regards to forecasting; historical or past company data are used to make sound prediction.
