Answer: $120,000
Explanation:
Given that,
On June 30,
Subscription revenue collected = $240,000
Each subscriber will receive = magazine in each of the next 12 months
No. of months from July to December = 6
Here, company is using accrual method of accounting,
Amount of Subscription Revenue that has been earned by the end of December:
= $120,000
A. Is the best answer I believe
Answer:
$3,940
Explanation:
The journal entry to record the adjustment to the allowance account includes-
Debit Bade debt expense $3,940 (Note - 1)
Credit Allowance for doubtful accounts $3,940
<em>Note - 1</em>
Calculation = $96,000 × 5% = $4,800
However, as the allowance for doubtful accounts has a credit balance of $860 credit, the new bad debt expense will be = ($4,800 - $860) = $3,940 debit.
Inspection
<span>·
</span>One unethical behavior when conducting an
inspection is when the inspector will received bribe money just to pass the
inpection and for own benefit.
<span>·
</span>Another example is doing the inspection
complacently because you and the owner are good friends
Process control
<span>·
</span>Selcting process controller that are cheaper
even it dues not meet the requirement
<span>·
</span>Posponing the maintenance just to maximize
profit
Process capability
<span>·
</span>Extending process capabilty too much just too
maximize profit even it is already harmful for the workers
<span>·
</span>Not desposing waste of the process properly
