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BARSIC [14]
3 years ago
5

On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program upfront. The program in

cludes a total of 12 sessions and two sessions are delivered each month. How much revenue from Mr. Smithe should Fit Co. recognize at the end of March
Business
1 answer:
vichka [17]3 years ago
8 0

Answer:

Revenue - March = $160

Explanation:

The accrual principle in accounting states that the revenues for a period should match the expenses for that particular period and any revenue or expense should be recorded in the period to which it relates to. This means that the upfront fee received by Fit Co. is a liability and should not be recorded as a revenue until it is earned. So, by providing two sessions in the month of March, Fit Co. has earned revenue for 2 sessions out of the twelve. Thus, at the end of March, Fit Co. should record a revenue of,

Revenue - march = 960 * 2/12 = $160

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The future value of​ $100 received today and deposited in an account for four years paying semiannual interest of 6 percent is​
jonny [76]
Formula: FV = PV(1+ r)^n

Fv is the future value, Pv is the present value, r is the interest rate, n is the number of periods.

FV = $100(1 + 0.06)^(6*2) = $201.22


4 0
3 years ago
Leaders as good role models must walk the talk. this means they must be ________ in their words and actions. a. consistent b. ef
kvv77 [185]

Leaders must be consistent in their words.

  • There are many advantages to being an ethical leader. Leaders can influence their community to act morally by working together. Others will be inspired to emulate your moral behavior if you set an example for them and offer guidance. Moral leaders can influence a large number of people for the better by presenting them with a course of action that will benefit everyone.
  • For personal credibility and reputation, it is essential to be an ethical leader. Being a leader takes time and effort. Being unethical can seriously damage a leader's or their organization's reputation and immediately remove them from the A-league.
  • A person's self-esteem is frequently harmed by unethical behavior, which leads to a less than ideal outcome and a missed opportunity to reach one's full potential.

Thus a Leader must be consistent in their words.

To learn more about leadership, refer: brainly.com/question/12522775

#SPJ4

3 0
2 years ago
Read 2 more answers
4. Which of the following statements always apply to corporations? a. Unlimited liability. b. Limited life. c. Ownership can be
Elena-2011 [213]

Answer:

. c. Ownership can be transferred without affecting operations. 

d. Managers can be fired with no effect on ownership.

Explanation:

Corporations are types of business organisation. A corporation is owned by shareholders. Ownership can be transferred by acquiring shares in the company.

Shareholders usually have a limited liability.

Managers are hired by the owners to run the business. Managers can be fired with no effect on ownership because they aren't owners of the company.

Corporations usually have unlimited life.

I hope my answer helps you

4 0
3 years ago
Which of the following is a feature of a debit card?
Tanya [424]

Answer:

d. requires a linked bank account

Explanation:

not 1000% sure, but correct me if I'm wrong

3 0
4 years ago
In 2010, the imaginary nation of Bovina had a population of 5,000 and real GDP of 600,000. In 2011 it had a population of 5,200
Evgesh-ka [11]

Answer:

Option (b) is correct.

Explanation:

In 2010,

Real GDP = 600,000

Population = 5,000

Real GDP per person:

= Real GDP ÷ Population

= 600,000 ÷ 5,000

= 120

In 2011,

Real GDP = 636,480

Population = 5,200

Real GDP per person:

= Real GDP ÷ Population

= 636,480 ÷ 5,200

= 122.4

Growth rate of real GDP per person during the year 2011:

= [(Real GDP per person in 2011 - Real GDP per person in 2010) ÷ Real GDP per person in 2010] × 100

= [(122.4 - 120) ÷ 120] × 100

= (2.4 ÷ 120) × 100

= 0.02 × 100

= 2%

It was seen from the data available on the world bank that the United states real GDP per person is growing at an average rate of 2% between 1910 and 2010.

Hence, the Growth rate of real GDP per person during the year 2011 is about the same as average U.S. growth over the last one-hundred years.

6 0
3 years ago
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