Answer:
a. The company should recognize one-twelfth (1/12) of each subscribers' cash advance each month for 12 months.
b. The amount of revenue the company should record for eight issues is $40 [$60 × 8/12].
Explanation:
The revenue recognition principle dictates that revenue is recognized in the period in which it is earned. When the company collects cash in advance for each subscription, it should record the $60 to a liability account like Cash Advances, Customer Advances, Unearned Revenue, or Deferred Revenue. Every month for 12 months, the company should recognize one-twelfth (1/12) of each subscribers' cash advance (or $5) as Subscriptions Revenue, Sales Revenue, or Earned Revenue. Therefore, if issues have been delivered for eight months now, the company should have recorded $40 of each $60 subscription.
If the frictional unemployment rate is 2.5 percent, the
structural unemployment rate is 3.1 percent, and the current unemployment rate
(in the economy) is 5.6, then the economy is in a
recessionary gap producing natural real gdp.
<span>A </span>recessionary gap, or contractionary gap, is a
macroeconomic term which refers to the difference between actual and potential
production in an economy.<span>
</span>
Answer:
d. 391,667
Explanation:
Contribution per unit = Selling price - Variable cost = $4 - $2.80 = $1.20
Break even point = Fixed cost ÷ Contribution per unit = $470,000 ÷ $1.20 = 391,667 units
Therefore, the company's breakeven point, i.e., the unit sales volume that would make income equal costs is 391,667 units.
Answer:
Five factors that might demand a particular job receive a higher wage than other jobs and the importance of these factors should be considered while setting the job wages are described below in details.
Explanation:
1. Increased skill collection that improves business profitability
2. Increased knowledge that improves business profitability
3. If you have a good history. If you barter yourself properly, then you can demand.
4. If the business is limited for the business, they will definitely look for unique professional people and pay them well.
5. If the work is pivotal or important to the corporation. There are duties that are born important, also it depends on the character of the corporation.