Answer:
The answer is D. balance sheet as a current liability
Explanation:
Unearned fee is the amount that has been collected before rendering a service. For example, a customer paid in advance for goods that have been delivered, a football season ticket holder. The full service has not been rendered. So it is recognized as a liability because the customer can terminate the contract anytime.
As the service is being rendered, maybe monthly, quarterly or weekly, revenue is recognized and unearned fee decreases.
For example, a customer paid a $12,000 on Jan 1. for monthly delivery of magazine for a year. Here, the customer paid for a service that last till Dec 31st.
What will be recognized as revenue monthly is $1,000($12,000/12months) and unearned revenue too decrease by $1,000 monthly
As you are forming a team, it is important to bear in mind that Each member should have only 1 specialization. Jane serves to monitor & control the team processes.
In order to become more effective, specialization in business entails concentrating on a single product or a small range of products. Specialization can boost productivity and give a company or economy a competitive advantage.
When individuals and organizations focus on creating what they are proficient at, or even better, the best at, specialization occurs. For instance, KFC specializes in fried chicken and chicken hamburgers, whereas Starbucks specializes in serving uniform coffee.
If you specialize, you concentrate on a particular facet of a bigger subject. If you're a nurse, you might focus on giving care to infants and children as your area of specialization in pediatric care.
Learn more about specialization here
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The company give their employee the W4 and 1099 forms
(1) c. Offers a negative-sounding apology
(2) c. Fails to offer a clear explanation
Explanation:
At the closing part of the letter, a negative sounding apology can demoralize the employees.
Hubert should have offered a well-informed explanation without sounding negative.
The letter can be re-written as follows:
Date: May 10
To: All Employees
From: Anne Leller Manager, Classic Car Restoration Inc.
Subject: Three Shelby Mustangs
You all have to work overtime next week because we must have the three 1965 Shelby Mustangs ready for Bruce Willis, one of our best clients.
We need to make sure to use all original engine parts and add a top-of-the-line clear coat on all three cars.
Additionally, the client purchased the original radios for each car, so we should install those too.
I apologize for any inconvenience, unfortunately, I am unwilling to make exceptions to this request at this point of time. However, you will surely receive an additional bonus for working overtime along with your salary.
<u>Answer:</u>
<u>Cost reduction; leading to profit for the company/business.</u>
<u>Explanation:</u>
Remember, a cash flow is an indication or indicator of the amount of money coming into and out of a business.
Thus, effective purchasing Implies buying the right items needed for operations at <em>the right/fair price </em>so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.
