Answer:
January 2, 2020
Dr Accounts receivable 410,000
Cr Sales revenue 370,000
Cr Unearned revenue 40,000
Dr Cost of goods sold 300,000
Cr Merchandise inventory 300,000
Accrual accounting states that revenues must be recognized during the periods that they actually occur (i.e. the earning process is completed). Since the installation process lasts 6 months, the unearned revenue will be recognized as the process is being completed.
Answer:
$2,400
Explanation:
The computation of the depreciation expense under the activity-based depreciation method is shown below:
= (Original cost - residual value) ÷ (estimated production units)
= ($12,000 - $4,000) ÷ (20,000 units)
= ($8,000) ÷ (20,000 units)
= $0.4 per unit
Now for the first year, it would be
= Production units in first year × depreciation per unit
= 6,000 units × $0.4
= $2,400
An illustration of scanning the political environment is determining if a government is stable or unstable.
The political environment describes variables that affect businesses that are external to the corporation and have to do with a nation's government or public affairs. Here, the term "government" is used broadly. It can be used to refer to the federal government, state governments, local governments, government agencies, and independent government organisations like Bank Indonesia and the Financial Services Authority. Transnational organisations like the World Trade Organization, IMF, and World Bank can also be included in this group under rare circumstances. In a more general sense, the term also refers to various organisations that are in charge of enacting laws and regulations. Risks might be very high when the political environment changes. They might put the business's plan at danger. Examples include conflict, unrest in politics, and corruption.
Learn more about political environment here
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On average this item will be ordered "once a <span>month".
We can find the order interval by dividing the EOQ (economic order quantity), in above situation that is equal to 100 and annual demand is equal to 1200.
So, the time interval in which this item will be ordered;
100/1200 = 1/12
it means 1/12th of a year that is equal to once a month.
</span>
Answer:
$498.75
Explanation:
The computation of the average cost per cleaning service call is given below:
= (Fixed costs of labor, the company’s truck, and administrative support + number of service calls per months × total number of months in a year × variable cost per cleaning material) ÷ (number of service calls per months × total number of months in a year)
= ($459,600 + 80 × 12 × $20) ÷ (80 × 12)
= ($459,600 + $19,200) ÷ ($960)
= $498.75