Answer:
The answer is A. The total revenue will be understated
Explanation:
Unearned revenue is when the amount or money has been received before providing the service. For example, a manufacturer has received money from a customer for a product that will be delivered over a period of time, let's say every month.
Unearned revenue is a liability but the failure to make an adjusting entry in the income statement will understate revenue because as the product is being delivered monthly, the accountant should be recognizing it as revenue in the Income statement. As this is recognized as revenue, unearned revenue account decreases with the same amount monthly
<span>I learned that when shopping for tires, it's good to keep an open mind and go with what you can afford, and get the best quality your dollar amount can purchase. It's best to go to several places that sell tires and get quotes on the tires, and if you can get the same tires for less, go with those. Hope this helped :) </span>
The name which is given to the set of steps which Markus Braun to make sure that Wirecard acquires a company is:
<h3>What is a Strategic Goal?</h3>
This refers to the long term objectives of a company or business which usually requires patient planning and moves which helps to achieve the aims and objectives of the company.
With this in mind, we can see that because Markus Braun is taking careful steps in order to acquire a new company, then this is known as strategic goal.
Read more about strategic goal here:
brainly.com/question/24462624
Answer:
the target sales in units is 12,000 dinner cruise tickets
Explanation:
For FunTime Cruiseline to reach its target operating income of $30,000, it must first break -even then make a profit to the extent of $30,000.
This statement is presented in the formula below :
Target Sales - Units = (Fixed Cost + Target Profit) / Contribution per Unit
= ($210,000+$30,000)/( $50 - $30)
= $ 240,000/ $ 20
= 12,000
Answer:
a. 15,650
Explanation:
Department E
FIFO Equivalent Units
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
Units Complete 15000 100 100 15000 15000
Add Ending Inv 3000 100 70 3000 2250
less
<u>Beginning Inv. 4000 100 40 4000 1600</u>
<u>Equivalent Units 14000 15650</u>
<u />
<em>The equivalent units for materials using FIFO are 14000 and for conversion are 15650.</em>
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<em>In FIFO we add the completed units with the % of complete units in the ending inventory and subtract the beginning Work in Process Opening Inventory % complete units. </em>
<em>We need to calculate the units first transferred out.</em>
