Answer:
For the first year, Griffith will record a revenue of $522. So, option a is the correct answer.
Explanation:
The amount received on 1 April for 36 month subscription is the unearned subscription revenue that will be earned evenly throughout the coming 36 months period starting from April.
The month subscription revenue is,
Monthly subscription revenue = 2088 / 36 = $58 per month
The calendar year ends on 31 December. Following the accrual principle, we will record the revenue as subscription revenue for the period of 9 months from April to December for the year.
The amount of revenue that is to be recorded for the first year is,
Revenue = 58 * 9 = $522
Answer:
$2.45 per machine hour
Explanation:
The computation of the manufacturing overhead rate is given below:
Given that
Overhead costs are expected = $309,680
Estimated machine usage = $126,400 hours
By using the above information, the manufacturing overhead rate is
= Expected overhead cost ÷ Estimated machine usage
= $309,680 ÷ 126,400
= $2.45 per machine hour
Answer:
The debt to equity ratio is 1.25
Explanation:
The computation of the debt to equity ratio is shown below:
Debt to equity ratio = Debt ÷ equity
Given that
Last year debt to equity ratio = 1.40
And, this year the debt to equity ratio = 1.25
Based on the above information, the debt to equity ratio is 1.25
As we can assume that the question ask for the current year so the debt to equity ratio is 1.25
It also shows the relationship between the debt and equity
Answer:
C monopolies act in ways that hurt consumers
Trust
Mary's role is that of a knowledge engineer.
A knowledge engineer is tasked with integrating certain knowledge into computer (in this case expert) systems, with the aim to solve very difficult problems that otherwise people would not be able to solve on their own.