Using the accrual method, the unearned revenue as of December 31 is $12,000.
<h3>What is Unearned revenue?</h3>
Unearned revenue can be defined as the amount a company received from their client for the service they are yet too rendered.
Since the company has received full balance for the services not yet provided. The unearned revenue as of December 31 will be $12,000.
Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet too rendered to their client
Thus, using the accrual method, the unearned revenue as of December 31 is $12,000.
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Answer:
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Explanation:
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Answer:
0.2776
Explanation:
Mean = 15000, SD = 1500
We need to find Cumulative probability: P(X > 15884)
First we need to convert it into normal distribution.
From the attached file, we can see the shaded area we are looking for.
For conversion as follow; 
Next to find Z =
= 0.59
now we have converted to normal distribution and found the value of Z, we need to find the probability P(X > 15884).
P(X > 15884) = P(Z > 0.59).
From the normal distribution table at Z= 0.59, and greater than 0.59, Probability = 0.2776.
Answer:
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Explanation:
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