Answer:
Option C Credit to Unearned Management Fees for $62,000
Explanation:
The reason is that the unearned managment fees are liabilities and so are credit in nature just like other liabilities. It is also the requirement of accrual accounting system that says the revenue and expenses must only be recorded when they are realized. Which means the revenue share for example which is $1000 must be recorded as revenue when we will deliver our customers services of one month. It doesn't matter if the revenue amount is not received in cash. So delivering your share is compulsory here to recognize sales or services.
Answer:
d. scanner research
Explanation:
The scanner research includes the data analyze that collected via scanning the devices and same is applied at the time of purchase. It is the type of the computer based research and she wants to check that non-computer sources
So the other options would not be considered as they are doing for the research purpose
But the above option is not considered for the same
Therefore the option d is correct
Answer:
$600,000
Explanation:
Data provided in the question:
Controllable margin = $66,000
Sales = $480,000
Return on investment = 10%
Now,
Return on investment = Controllable Margin ÷ Average Operating Assets
or
10% = $60,000 ÷ Average Operating Assets
or
Average Operating Assets = 60000 ÷ 10%
or
Average Operating Assets = 60000 ÷ 0.01
or
Average Operating Assets = $600,000
Answer:
37
Explanation:
Just do the math and you'll find that is 37
