Greater understanding of your in tensions by those you lead
Label Plus, LLC, ......................... Due to increased support from DEPARTMENT OF COMMERCE'S BUREAU OF INDUSTRY AND SECURITY.
The department of commerce's bureau of industry and security helps small businesses by supplying them with information which can help their business to succeed on the international scale.
Answer: Debit Unearned Fees, $8,145; Credit Fees Earned, $8,145.
Explanation:
The $32,580 are for 36 months so the amount per month would need to be calculated.
= 32,580/36
= $905
The subscriptions were paid on the 1st of April which means that only 9 months (April to December) of the first year will have revenue recognized for them.
= 905 * 9
= $8,145
Correct entry would be to debit the Unearned fees account as it is a liability that needs to reduce to reflect that fees have now been recognized.
Credit the Fees Earned account to recognize revenue.
Debit Unearned Fees, $8,145; Credit Fees Earned, $8,145.
Answer:
The correct answer is option D.
Explanation:
Long-run elasticities of demand differ from short-run elasticity. In the short period is more inelastic. This is because people take time to adjust their consumption habits. So if the time period people have to adjust to the price change is long, then the demand will be elastic.
Durable goods can be used for a relatively long time. So they will have a less elastic demand.
