Answer:
The amount that should appear in the Prepaid Subscription account for Otisco, Incorporated after adjustments on December 31 of the first year is <u>$2,295</u>.
Explanation:
From the question, we are given the following:
Amount of 36-month subscriptions = $3,060
Therefore. we have:
Monthly subscription = Amount of 36-month subscriptions / 36 months = $3,060 / 36 = $85
Number of months from April 1 to December 31 = 9 months
First year subscription = Monthly subscription * Number of months from April 1 to December 31 = $85 * 9 = $765
Balance in the Prepaid Subscription on December 31 = Amount of 36-month subscriptions - First year subscription = $3,060 - $765 = $2,295
Therefore, the amount that should appear in the Prepaid Subscription account for Otisco, Incorporated after adjustments on December 31 of the first year is <u>$2,295</u>.
Thanks for the question!
Positive; You can prove that you can present yourself in a way thst id honorable.
Hope this helps!
Quality management is the act of overseeing all activities and tasks that must be accomplished to maintain a desired level of excellence. This includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and quality improvement.
Answer:
Imports create greater competition in the domestic marketplace.
Explanation:
Comparative advantage is defined as the ability of a company to produce goods at a lower opportunity cost than other competitors. They can now sell the goods at lower prices.
If the company in this scenario have competitive advantage in producing electronics then it is xheap for them to produce.
When they export electronics and import again, it can only mean that the imported electronics have a competitive edge that the company wants to take advantage of. For example higher quality than what is available locally.
<u>Solution and Explanation:</u>
<u>The following steps should be undertaken:
</u>
1. She should create extensive records of receipts, expenses, and other business dealings to demonstrate her profit intent which will give strength to fact that her activity is a business endeavor rather than hobby.
2. Secondly, she should keep ready a written and well-documented business plan clearly outlining the steps she would be taking to cut down losses and start earning profit.
3. She should demonstrate that she depends on her business endeavor for her livelihood to repel notion of it being a hobby.