Answer: $220,000
Explanation:
Using the Accrual Method of Accounting means that revenue is only to be recorded when it is earned i.e. when services have been delivered.
Any revenue received when the services have not been delivered will be recorded as Unearned Revenue.
With $528,000 in subscription revenue, the monthly subscription is;
= 528,000/12
= $44,000
From June to December would be 7 months so they would have earned;
= 44,000 * 7
= $308,000
The amount that they have not earned but have received would therefore be;
= 528,000 - 308,000
= $220,000
<em>This amount will be recorded after they finish deliveries of magazines in next year May. </em>
Answer: disaffirm
Explanation:
most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.
It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.
Answer:
B. what businesses believe will generate the most profits.
Explanation:
A market economy is one where the factors of production are owned by the private sector. Production and distribution of products and services are in the hands of private individuals and firms. The government's role is mostly regulation and the provision of public goods.
In the market economy, the private sector engages in business to make profits. They risk their resources in producing goods and services that can increase their wealth. Only the products that are likely to generate profits are produced.
Answer:
$13400
Explanation:
<u>Workings</u>
Unit of of production
Direct materials - 3.10
Direct labor - 7.70
Variable manufacturing overhead - 8.2
Supervisor's salary - 3.6
Depreciation - 2.00
Allocated general overhead 7.20
Total cost - 31.8
Cost per year = 31.8*14000
445,200
Cost of buying = 25.50
Allocated general overhead - 7.20
Total cost =32.7
Annual cost 32.7*14000 = 457800
Annual opportunity cost of internal production = 26,000
The overall advantage of buying = 26000 - (457800-445200)
= 13,400
