Answer:
C) Credit to Unearned Management Fees for $62,000.
Explanation:
* There is an Inconsistency with the amount of fee mentioned in Question and In options $60,000 and 62,000 respectively.
The Service fee is received in advance and the service is not been performed. You can record the revenue when you perform the service against the amount received. So, amount 62,000 will be the Unearned Management fee and it will be a liability and the Journal transaction for this event will be as follows:
Dr. Cash $62,000
Cr. Unearned Management Fees $62,000
So the correct option is C) Credit to Unearned Management Fees for $62,000.
ok whts the fight abt? how long have yall been fighting?
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Answer: 27%
Explanation:
The Average rate of return is calculated by;
= Estimated Average Annual income / Average Investment
Estimated Average annual income = Total income/ years income is accrued
= 402,300/5
= $80,460
Average Investment = (Initial cost + Residual value) / 2
= (524,500 + 71,500) / 2
= $298,000
Average rate of return = 80,460/298,000
= 0.27
= 27%
The federal government's aggressive policy of tax cuts the greatest impact in pulling the U.S. economy out of the Great Depression. Thus, option (b) is correct.
<h3>What is economy?</h3>
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the significant part of the country. The primary sector of the economy is the industrial sector and agriculture sector.
According to the U.S. economy on the duration of the Great Depression. There were the federal government are the easy money policies are the imposed on the policy of tax cuts. The main reason was the budget control.
Therefore, option (b) is correct.
Learn more about on economy, here:
brainly.com/question/2421251
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Answer: Option (B) is correct.
Explanation:
Product costs are the that are incurred during the production of a product. Various costs are involved in this product cost such as direct labor cost, consumable production supplies, direct material, etc. It is calculated by multiplying the cost driver rate to the number of the units of cost driver that are used in the production of each product.
