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Lapatulllka [165]
3 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]3 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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alexandr1967 [171]

The project manager will outline how to transfer the deliverables in operational status and formally close the project at the phase 3 meeting.  So, the correct option choice for this question would be option (b).

<h3>Write a short note on project management.</h3>

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4 0
1 year ago
Which statement is TRUE regarding gross living area (GLA) in an exterior-only inspection appraisal for Fannie Mae
Rom4ik [11]

The appraiser must identify the data source for the GLA.

Is TRUE regarding gross living area (GLA) in an exterior-only inspection appraisal for Fannie Mae

Property valuation, property valuation, or land valuation is the process of creating a property valuation (usually market value). Real estate transactions are traded daily and, in contrast to corporate stocks that are identical, are infrequent and each property is unique (especially its condition, an important factor in valuation) and may require the valuation.

The location also plays a decisive role in the evaluation. However, real estate cannot be relocated, so it is often the upgrade or improvement of a home that can change its value. Evaluation reports are the basis for mortgages, real estate planning, divorce, taxation, and more. Valuation reports are sometimes used to set the sale price of a property.

In addition to various compulsory education levels from finance to civil engineering, most, if not all, countries require appraisers to be licensed to practice.

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2 years ago
Streamlining information encompasses all of the information contained within a single business process or unit of work, and its
NARA [144]

Answer:

  • False

Explanation:

Transaction details encompasses all of the details comprises within a single business procedure or unit of work, its main purpose is to brace the performing of day to day operational or structured conclusions.

6 0
3 years ago
Real Losers, a diet magazine, collected $360,000 in subscription revenue in May. Each subscriber will receive an issue of the ma
Ray Of Light [21]

Answer: the correct answer is $210,000. The months is which the service was given were June, July, August, September, October, Nevember, December. The total service is $360,000 which means it is $30,000 monthly. (360,000 divided by 12). $30,000 times 7 months is $210,000.

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7 0
3 years ago
During January, time tickets show that the factory labor of $7,000 was used as follows: Job 1 $2,300, Job 2 $1,780, Job 3 $1,570
Arisa [49]

Answer:

The direct labor cost is directly debited to work in process account of specific job and indirect labor cost is debited to factory overhead control account.

The summary journal entry to record factory labor used is given below.

Debit WIP JOB 1                                              $ 2,300

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Debit WIP JOB 3                                             $ 1,570

Debit Factory Overhead Control account     $ 1,350

Credit Payrol account                                      $ 7,000

4 0
3 years ago
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