Answer:
A firm's ownership of vertically related activities
Explanation:
As we know that
There are two types of integration i.e horizontal and vertical
The horizontal integration is the integration in which two or more firms amalgamate dealing in the same type of business i.e their products and the level of production is same
While on the other hand the vertical integration is the integration in which the one firm acquired or purchased another firm dealing in different stages but the production level remains the same
Hence, the first option is correct
Answer:
$45,473
Explanation:
Base on the scenario been described in the question, we can use this method to solve the problem.
Solution:
$42,000 + $4,960 – $1,100 – ($1,830 – $1,380) + ($381 – $318)
= $46,960- $,1,100-$450-$63
=$45,473
As our answer
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:
Library of Congress (LOC)
Explanation:
A library also known as a bookhouse can be defined as an institution having various collection of books and other informative materials that people can read to gain more knowledge, insight and motivation about a particular topic. An example of a library is the Library of Congress (LOC) located in Washington DC, United States of America.
Library of Congress (LOC) refers to the research library used by the Congress of the United States of America to provide or gain access to a diverse and rich source of knowledge (informations) about things, places, animals, plants, people, etc.
Basically, it comprises of millions of literary works such as manuscripts, books, photographs, maps, recordings, newspapers in its collection and as a result of this, it is known to be the largest library in the world.
The Library of Congress (LOC) offers users an "Ask a Librarian" feature to inquire about the library's collections. Therefore, users can easily make enquiries from a librarian on any thing they aren't clear about using the Library of Congress (LOC).
Answer: c. $18,000
Explanation:
Provision for doubtful accounts estimate;
= 600,000 * 3%
= $18,000
This is the Percentage of sales method and it ignores the existing balance in the Provision for doubtful accounts using only the estimate provided.
