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Lapatulllka [165]
2 years ago
12

On April 1, Griffith Publishing Company received $1,548 from Santa Fe, Inc. for 36-month subscriptions to several different maga

zines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period?
Business
1 answer:
marshall27 [118]2 years ago
8 0

Answer:

$387

Explanation:

According to the calendar year, the amount of revenue recognized for the first year would be for 9 months i.e from April 1 to December 31

So, the revenue recognized amount is  

= Received amount × number of months ÷ total number of months given

= $1,548 × 9 months ÷ 36 months

= $387

Since the amount is given for 36 months but we have to consider for 9 months only and the same is to calculated above.  

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What are the three legal forms of business organization? What are their advantages and disadvantages?
algol13

Answer:

There are three legal forms of business organization that are sole proprietorship, society and corporation.

Explanation:

<u>Sole proprietorship:</u> A company that has only one person and works for its own benefit. In almost all the world there are a large number of sole proprietorships which are usually small companies, the most common being for example a personal teacher, a bicycle workshop, etc.

Advantage:

- The owner receives all profits and profits.

- Independence

Disadvantages:

- There is unlimited liability so that all income can be used to pay debts.

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<u>Company</u>: company that has two or more people. In general, partnership companies are larger than sole proprietorships. The most common companies in society are finance and insurance.

Advantage:

- Raises more funds than sole proprietorship.

- Greater intelligence and administrative ability.

Disadvantages:

- The company dissolves when a partner dies.

- Difficulty to liquidate or transfer the company.

<u>Corporation</u>: The property (shares) of a corporation are its shareholders. Shareholders have profits by receiving dividends that are distributions of the earnings of the shares.

Advantage:

- They have a limited liability, they don't lose more money than they invested.

- The company has a long life.

Disadvantages:

- Higher organizational costs than in other business forms since they need to hire staff.

- Subject to greater government regulation.

4 0
3 years ago
The toy buyer had the option of ordering stuffed animals directly from the manufacturer or from a nearby wholesaler. The manufac
Degger [83]

Answer:

difference between supplies = $4.68

Explanation:

cost of merchandise from manufacturer if paid within discount period:

$1,200 x (1 - 40%) = $720

$720 x (1 - 10%) = $648

freight cost = $648 x 2.5% = $16.20

discount for early payment = $648 x 2% = $12.96

total cost = $651.24

cost of merchandise from wholesaler if paid within discount period:

$1,200 x (1 - 40%) = $720

$720 x (1 - 8%) = $662.40

discount for early payment = $648 x 1% = $6.48

total cost = $655.92

difference between supplies = $4.68

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2 years ago
If you want to compare two different investments, what should you calculate?
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Answer: B - ROI percentages

Explanation:

edge 2020

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3 years ago
What does it mean to have an "absolute advantage” in production?
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Answer:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources

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Explanation:

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3 years ago
Why might you want to use an encoder to convert a WAV file to an MP3 file ?
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