Answer:
The adjusting entry at the end of January:
Debit Unearned revenue: $480
Credit Revenue: $480
Explanation:
When recceived $600 on January 15 from customer, the company must record:
Debit Cash: $600
Credit Unearned revenue: $600
because all lessons are not provided by the company, the company can't recording revenue.
On January 31, the company provided 8 lessons, so the company must recording revenue for these lesson (8x$60=$480) by adjusting entry.
Answer:
b. $1.82m
Explanation:
Capital Intensity ratio = Total aasets / sales
1.5 = Total Assets / 9m
Total Assets = 9m x 1.5 = 13.5
ROE = Total Income / Shareholders equity
27% = Total Income / (13.5 x 50%)
27% = Total Income / 6.75
Total Income = 27% x 6.75
Total Income = 1.8225
Total Income = 1.82 (Rounded)
The correct option is b. $1.82m.
The profits will peak and decline.
during this stage of the product development, the product is already widely accepted by the market.
Eventually, the newer and better product will start to appear and the previous one will started to lose popularity and decline in profits.
Money demand for transactions
An online classroom allows you to do it without physically being there
