The government does not consider the full employment to mean 100 percent of its citizens are employed because all of the conditions can and do exist.
What is employment?A contract governing the provision of labor services for compensation is known as an employment. In exchange for the employee performing the responsibilities assigned to the former under the terms of a contract, the employer, which may be a business, a non-profit organization, a cooperative, or any other body, pays the employee in line with the terms of the contract. Wages are paid to employees in exchange for their labor, and the amount paid depends on the type of job performed, the industry conditions in force, and the parties' ability to negotiate. Wages may be paid hourly, piecemeal, or annually. A few examples of benefits are housing, health insurance, and disability coverage. Normally, organizations, written agreements, and employment regulations govern employment.
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if the parent company owns 90% of the subsidiary company's outstanding common stock, the company should generally account
If the parent company owns 90% of the subsidiary company's outstanding common stock, the company should generally account for the subsidiary using the equity method of accounting.
This method involves recording the investment as an asset on the parent company's balance sheet and recognizing the subsidiary's net income as a proportional increase in the parent company's equity. Additionally, any dividends received from the subsidiary should be recorded as a reduction of the investment balance. The equity method is appropriate when the parent company has significant influence over the subsidiary, but not control. If the parent company has control over the subsidiary, it should consolidate the subsidiary's financial statements with its own. It's important for companies to properly account for their investments in subsidiaries to provide accurate financial information to investors and stakeholders.
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The rule of addition applies when someone creates a replication of an item already patented but adds some sort of extra feature or improvement. That new extra-feature item will not be considered a patent infringement.
It is False
What is patent infringement?Patent encroachment is the commission of a denied act concerning a protected innovation without consent from the patent holder. Consent may commonly be conceded as a permit. The meaning of patent encroachment might fluctuate by ward, however it commonly incorporates utilizing or selling the licensed creation. In numerous nations, a utilization is expected to be business (or to have a business reason) to comprise patent infringementThe extent of the licensed development or the degree of protection is characterized in the cases of the allowed patent. At the end of the day, the particulars of the cases educate people in general regarding what isn't permitted without the consent of the patent holder.To learn more about patent infringement from the given link
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I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
Answer:
they need more detail because how is his livelihood
Explanation:
Please answer dis properly in your own words!!!
For every hour you practice basketball, you gain in skill and increase your chances of making the team. However, each hour you practice is an hour you could have spent working at an after-school job in a UAE company to save for a car or college or something else you want. Which will you do basketball practice or after-school job? Construct a decision making grid that analyzes the potential choices of attending practice at an after-school job. Which option would you choose. (the middle column might be amount of money earned, for example, based on an hourly wage.)
Answer:
Basketball 50/50 and job 50/50
Explanation:
A farmer expects irrigation system will increase real operating receipts by $32,000 per year but will also increase real operating expenses by $8,000. Suppose that the inflation rate is 5% and the marginal tax rate is 20%.
(i) What is the nominal net return at the end of year 3?
a. $29,172 b. $22,800
c. $27,783 d. $24,000
(ii) Calculate the nominal after-tax net return at the end of year 4.
a. $28,800 b. $27,360
c. $34,560 d. $23,338
Answer:
(i) Option (c) $27,783 (ii) $23,338 option (d)
Explanation:
Given that:
Real receipts = 32,000
Real expenses =$8,000
Inflation rate =5%
Marginal tax rate = 20%
(1) Now,
The receipts (nominal)for year 3 is = Real receipts ( 1 + Inflation rate ^)3
Nominal Expenditure for year 3 = Real Expenditure ( 1 + Inflation rate )^3
The receipts (nominal)for year 3 = Real receipts ( 1 + Inflation rate )^3
= $ 32,000 ( 1.05 ^)3
= $ 32,000 ( 1.1576 )
= $ 37,044
Thus,
The receipts (nominal)for year 3 = Real receipts ( 1 + Inflation rate )^3
= $ 8000 ( 1.05 )3
= $ 8000 ( 1.1576)
= $ 9261
The nominal net return = Nominal receipts - Nominal Expenditure
= $ 37,044 - $ 9,261
= $ 27,783
(ii) We find the nominal after-tax net return at the end of year 4
Thus,
Nominal receipts for year 4 = Real receipts ( 1 + Inflation rate )4
= $ 32,000 ( 1.05 )4
= $ 32,000 ( 1.2155 )
= $ 38,896
Now,
Nominal receipts for year 4 = Real receipts ( 1 + Inflation rate )^4
= $ 8000 ( 1.05 )^4
= $ 8000 ( 1.2155)
= $ 9724
So,
Nominal net return = Nominal receipts - Nominal Expenditure
= $ 38,896 - $ 9,724
= $ 29,712
After Tax net return = Nominal net return ( 1 - tax rate )
= $ 29,712 ( 1 - 0.2)
= $ 29,712 (0.8)
= $ 23,338
which is a manual permanent record of all financial transactions between the patient and the practice? a. health record b. patient ledger c. insurance claim d. remittance advice
The patient's and the practice's financial dealings are recorded in a patient ledger, which is a manual, permanent record. Option B is correct.
You can use the Patient Ledger to view all of a patient's fee slips in summary or detail after creating and recording fee slips and applying payments from patients and insurance companies. You can also change the charges on fee slips, return products, and edit fee slips.
The history of patient services, service charges and descriptions, applied payments and adjustments, and remaining balances are all displayed in the patient ledger report. This report also lists payments to patients that haven't been paid. Every financial transaction that affects a patient's account is recorded in the Patient Ledger.
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Lilly, Briah, Chloe, and Terry are the directors and equal shareholders of Fantastic Holidayz Pty Ltd, a company that runs an exclusive airline company and operates in several high-rise office buildings in Melbourne. Briah is the Managing Director and Terry is the Chief Financial Officer. Lilly and Chloe are non-executive directors. The Company has adopted a written constitution which contains the following clauses: (36) A directors' meeting may be called by a director giving reasonable notice individually to every other director (37) Quorum for directors' meetings is four directors and the quorum must be always present during the meeting (42) A resolution of the majority of directors may resolve to remove another director of the company. Business is booming, and Fantastic Holidayz has made a great deal of money over the last few years. However, the Board of Directors have rejected Lilly's proposal to declare a dividend for the last 7 years in a row - and she is getting fed up. The other directors always outvote her, arguing that it is better to keep the profits in reserve and continue to expand the business. Terry is currently investigating the possibility of opening further destinations to their itinerary In October 2017 Lilly was overseas for a family funeral and on her return to Melbourne, she discovers that the other directors have met and passed resolutions to remove her as a director of the company. Lilly did not receive any notice of the director's meeting. In another resolution, the remaining directors voted to pay themselves $500,000 in bonuses - equating to the entire year's profit. Lilly is angry that she has been removed and not paid a bonus and comes to you for your professional advice and opinion. Further, Fantastic Holidayz has a longstanding agreement with several travel agencies, and in January 2018, Fantastic's financial accounts showed that one agency owed the company $85,000, and there was no applicable security Recently, Lilly discovered that by June 2018 the debt owing to Fantastic Holidayz had blown out to $200,000. Terry had approved additional credit without the knowledge of the other directors. He did this, even though the agency had been taking a long time to pay its overdue account. Additionally, there are now rumours that are insolvent, but this cannot be proven. REQUIRED: 1. Discuss whether Lilly can bring any action to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses? (5 marks) 2. Advise Lilly about the process and potential outcomes if the travel agency is placed into voluntary administration - and any implications of this on Fantastic Holidayz. (5 marks) 3. Advise Lilly about whether Terry has breached any of his statutory duties as a director of Fantastic Holidayz. Include in your answer the consequences of a breach of duty, whether Lilly could bring an action for compensation on behalf of the company against Terry, and whether there are any defences available.
It is important for Lilly to consult with a legal professional to assess the specific circumstances and determine the most appropriate course of action. Legal advice tailored to the jurisdiction and applicable laws should be sought.
1. Lilly's Challenge to Dividend Denial and Bonus Payment:
Lilly may have grounds to challenge the other directors' decision to deny dividends for several years and then pay themselves bonuses. The key considerations are as follows:
a) Breach of Fiduciary Duty: Directors owe a fiduciary duty to act in the best interests of the company. By consistently rejecting dividends despite profitable operations, the directors may be breaching this duty if their decision is not justifiable and reasonable. The decision to pay themselves bonuses without Lilly's approval further strengthens her case.
b) Unfair Prejudice: Lilly may argue that the denial of dividends and payment of bonuses unfairly prejudice her interests as an equal shareholder and director. This argument can be supported by the fact that dividends have been consistently denied for several years, and the bonuses were paid without her knowledge or consent.
c) Oppression of Minority Shareholder: If the other directors' actions substantially interfere with Lilly's rights as a shareholder and director, it could constitute oppression of a minority shareholder. Denying dividends and paying bonuses in a manner that excludes Lilly's interests may be viewed as oppressive.
Lilly can potentially bring legal action seeking remedies such as an injunction to stop the bonuses, an order for dividends to be paid, or a buyout of her shares at a fair value.
2. Travel Agency in Voluntary Administration:
If the travel agency owing $200,000 to Fantastic Holidayz is placed into voluntary administration, the process and potential outcomes can be summarized as follows:
a) Voluntary Administration: Voluntary administration is a process where an external administrator (usually a registered liquidator) takes control of the insolvent company to maximize returns for creditors. The administrator assesses the company's financial position and explores options, such as restructuring or selling the business.
b) Outcomes and Implications: During voluntary administration, the administrator may propose a Deed of Company Arrangement (DOCA) to the creditors. If approved, it could allow the travel agency to continue operating and repay the debt over an agreed period. Alternatively, if the company's financial situation is deemed irreparable, the administrator may recommend liquidation.
For Fantastic Holidayz, the outcome depends on the recovery of the debt. If the travel agency is unable to repay the owed amount, Fantastic Holidayz may have to write off the debt as a loss, potentially impacting their financial position. The impact could be significant if the debt is material to the company's operations.
3. Terry's Breach of Director's Duties:
Terry, as the Chief Financial Officer and a director of Fantastic Holidayz, may have breached his statutory duties. The key considerations are as follows:
a) Duty of Care and Diligence: Directors must exercise reasonable care, skill, and diligence in fulfilling their roles. Terry's approval of additional credit without the knowledge of other directors could be seen as a failure to exercise due care and diligence. The consequences of a breach may include personal liability for any loss suffered by the company.
b) Duty to Act in Good Faith and for Proper Purpose: Directors must act in good faith and in the best interests of the company. By approving additional credit for a customer with an outstanding overdue account, despite potential insolvency concerns, Terry may have breached this duty.
c) Consequences and Action for Compensation: If Terry is found to have breached his statutory duties, consequences may include personal liability for any loss suffered by the company due to his actions. Lilly, as a shareholder, may have standing to bring a derivative action on behalf of the company to seek compensation from Terry for any losses incurred.
d) Defenses: Terry may raise defenses such as relying on professional advice, acting in good faith, or having the belief that his actions were in the company's best interests. However, these defenses may not absolve him entirely from liability if his actions are found to be unreasonable or against the company's interests.
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an organization's ________ goals are official statements of what an organization says, and what it wants its stakeholders to believe its goals are.
a. implicit
b. stated
c. authentic
d. real
An organization's stated goals are official statements of what an organization says, and what it wants its stakeholders to believe its goals are.
Stated goals refer to the formal and publicized objectives that an organization communicates to its stakeholders, such as employees, customers, investors, and the general public. These goals are typically expressed in official documents like mission statements, vision statements, and strategic plans. Stated goals are important for setting a direction for the organization and shaping the perceptions and expectations of its stakeholders.
The purpose of stated goals is to provide a clear and coherent message about the organization's intentions and aspirations. They are often designed to inspire confidence, attract support, and guide decision-making within the organization. However, stated goals may not always align with the authentic or real goals of the organization. While organizations may publicly state certain goals, the actual goals and priorities pursued by the organization may differ due to various factors, such as internal dynamics, external pressures, or changing circumstances. Therefore, it is important to consider both the stated goals and the actions of the organization to gain a comprehensive understanding of its true intentions and objectives.
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Select the correct answer.
Some merchandisers design window displays.
A. True
B. False
Answer:
your answer would be (A) True
Explanation:
1 of 10
You should not use a credit card when
you want something now that you will never be able to afford
you have just started a new job
you need something now but can't pay for it yet
you have made a monthly budget
How can information-management companies help you as an entrepreneur? A. They can help you widen your customer base. B. They can extend credit to you. C. They can help you check your customer’s credit rating performance. D. They can insure you against fraud customers.
Answer:
A. They can help you widen your customer base.
Explanation:
Answer:
C) They can help you check your customer's credit rating performance.
Explanation:
This is for anyone who struggles with Plato.
With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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Which situation best reflects the concept of free enterprise?
Explanation:
Which situation best reflects the concept of free enterprise? Free enterprise is the competition between businesses. So consumers have a choice between bakeries in a single city block.At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
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Danielle williams is a 29-year-old single taxpayer who changed jobs during the year. When she left her first job, she decided to take a total distribution from the 401(k) plan she had established with her former employer. She then used the proceeds to make a down payment on a new car. In early 2022, she received the following form 1099-r reporting the distribution. Her only other income was from wages, and her 2021 taxable income was $51,350. What will be the amount of the penalty for the early withdrawal from her 401(k) plan, if any?.
Answer:
The penalty for the early withdrawal from Danielle's 401(k) plan would be 10%, which works out to be $5,135.
Explanation:
what is marketing management?why is it important?
Its help to stand competent in highly thriving competition in the market.
Answer:
Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.
Explanation:
hope it helps you
A census is a regularly-occurring and official count of a particular population. Census data available at the united states census bureau website are an example of:__________
A. Public information Result Correct Comment Census data is a public source of data.
B. The summarized data presented are available to individuals via the web without requiring a password.
C. When an individual completes the census form, there is no expectation that the data will remain private.
D. Census data do not describe behaviors, but provide information about members of a given population.
An example of Census data available is when summarized data presented are available to individuals via the web without requiring a password.
Let understand that "Census" refers to the survey conducted by the government of which the main purpose is to collect information about the general population of the country.
A typical Census collects information about name. address. basic demographics, date of birth, country of birth, education qualification, employment information and so onCensus is a public information but information collected therein are not opened to the public, rather, a statistics is drawn out of it and can therefore be used by the public for any purpose.
In conclusion, statistics drawn from the census can be found on website and are free to access by anyone.
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Karat packaging has entered a stage in which the demand for their innovative fax machines has declined. now most customers are buying replacement parts or buying their second fax machine from the firm. what stage in the industry life cycle does this scenario describe
Karat fax machines have reached maturity. Because sales have dropped and people are only ordering replacement parts or a second fax machine, this is the reason. The product is either rejected or only repaired at the maturity phase. There aren't many new sales.
What is maturity stage in product life cycle?Maturity level in the product life cycle is the stage where the sales of product of the company starts declined because of the new trends and innovation in the market.
At this stage of maturity, The company must go for the heavy discounts and low in the price levels to stay competitive in the marketplace and at least take out their invested amount from sales.
Thus, Karat fax machines have reached maturity.
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two farmers agree that pigs are worth $\$300$ and that goats are worth $\$210$. when one farmer owes the other money, he pays the debt in pigs or goats, with ``change'' received in the form of goats or pigs as necessary. (for example, a $\$390$ debt could be paid with two pigs, with one goat received in change.) what is the amount of the smallest positive debt that can be resolved in this way?
Pigs are valued at $300, and goats are valued at $210, according to two farmers. A farmer will trade pigs or goats for money owed to him by another farmer.
Do you trust farmers?
The cultivation of living things for food or raw resources is the work of an agriculturalist. Those that cultivate various field crops, orchards, vineyards, poultry, or other livestock are often referred to by this moniker. In addition to working as a labourer on property that is owned by others, a farmer may also be the land's owner. Despite differences in degrees and ranks, the level of faith in farmers can be shown in every survey. Another piece of proof for this was provided by a recent survey conducted by the American Farm Bureau, which showed that 88% of Americans have faith in farmers.
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What does qualitative research and quantitative research means?
Answer:
Quantitative research is expressed in numbers and graphs. It is used to test or confirm theories and assumptions. This type of research can be used to establish generalizable facts about a topic.
Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions.
Qualitative research
Qualitative research is expressed in words. It is used to understand concepts, thoughts or experiences. This type of research enables you to gather in-depth insights on topics that are not well understood.
Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories.
Answer:
Qualitative research involves collecting and analyzing non-numerical data (e.g., text, video, or audio) to understand concepts, opinions, or experiences. It can be used to gather in-depth insights into a problem or generate new ideas for research.
Quantitative research is a research strategy that focuses on quantifying the collection and analysis of data.
What do behaviorist and cognitivist theories have in common?
a. Praise is an important aspect of learning in both of them.
b. They both rely on a simple stimulus-response system.
c. Repetition is an important aspect of learning in both of them.
d. They both accept that the mind has a conscious role in learning.
Résumé search programs often search for _____. a. nouns b. verbs c. adjectives d. participles
Answer:
noun
Explanation:
indeed
Resume search programs often search for noun. A resume keyword scanner is software that job posting sites use to search resumes for certain keywords.
What is Resume?A resume is a formal document created by a job seeker to list their qualifications for a particular position.
A customized cover letter is typically included with a resume, in which the candidate expresses interest in a certain job or organization and highlights the most essential data on the resume.
Thus, option a, Noun is correct option.
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if the marginal utility of one more piece of candy is positive, then the:
If the marginal utility of one more piece of candy is positive, then the satisfaction or benefit gained from consuming that additional piece of candy is greater than the satisfaction or benefit gained from consuming the previous piece. This indicates that the consumer is likely to continue consuming more pieces of candy until the marginal utility becomes negative, meaning the additional consumption provides less satisfaction or benefit than the previous consumption.
If the marginal utility of one more piece of candy is positive, then the overall satisfaction or utility a person experiences from consuming that additional piece of candy will increase. In this context, "marginal" refers to the change in utility resulting from a small change in consumption, "piece" refers to the unit of candy being consumed, and "positive" indicates that the change in utility is favorable or beneficial.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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an online shoe retailer’s annual cost of holding inventory is 38 percent. the firm operates with a days-of-supply of 19 days, and assume there are 365 days per year.
The annual cost of holding inventory for the online shoe retailer cannot be determined without knowing the cost of inventory.
The annual cost of holding inventory is dependent on the cost of inventory itself. In the given scenario, the online shoe retailer's cost of holding inventory is stated to be 38 percent, which represents the cost as a percentage of the inventory value. However, without the specific cost of inventory, we cannot calculate the actual dollar amount for the annual cost. To determine the annual cost of holding inventory, we need to multiply the cost of inventory by the cost of holding inventory as a percentage. In this case, the cost of holding inventory is provided as 38 percent, but without the cost of inventory, we cannot proceed with the calculation. Once the cost of inventory is known, we can plug it into the formula to determine the annual cost of holding inventory. In summary, without the specific cost of inventory, we are unable to determine the annual cost of holding inventory for the online shoe retailer. The cost of inventory is a crucial component in calculating the overall cost of holding inventory, and without it, we cannot provide a definitive answer.
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QUESTION 2 of 10: Which of the following would be indirect competition for a candy store?
a) Walmart, which sells candy
b) A hard candies boutique shop
c) A candy superstore
d) None of the above
Answer:
A, Walmart that sells candy
Explanation:
Walmart does not specalize in candy, but sells, making it indirectly a competitor.
The indirect competition for a candy store among the following is Walmart, which sells candy. Thus the correct option is A.
What is competition in business?The type of race or contest between two organizations that offered similar products with similar rates and quality to their customers or have common target customers is referred to as business competitors.
The business competitors are both direct and indirect. Direct competitors are those who directly compete in the same market whereas indirect competitors are those who are not present in a similar market but tehir offerings are sometimes found common.
In the given Option, Walmart is referred to as indirect competition as it sells candy whereas direct competition is considered as shops which are having expertise In Candy with variety and taste.
Therefore, option A is appropriate.
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Is Relative value when two absolute values are compared one to another?
Relative value is the opposite of absolute value. while absolute cost examines the cost of an asset or organisation with out evaluating it to any others, relative fee is primarily based on the value of similar assets or businesses.
Relative value is a technique of determining an asset's worth that takes into account the value of similar belongings. that is in contrast with absolute price, which seems most effective at an asset's intrinsic value and does not evaluate it to other assets. Absolute change refers to the easy difference inside the indicator over two intervals in time, i.e. Relative change expresses the absolute exchange as a percentage of the price of the indicator in the earlier length. A relative maximum or minimum happens at turning factors at the curve wherein because the absolute minimal and most are the proper values over the entire area of the function. In different words the absolute minimum and most are bounded by means of the area of the function.
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apple is a full-service technology company. they provide equipment, installation services as well as training. customers can purchase any product or service separately or as a bundled package. sam corporation purchased computer equipment, installation and training for a total cost of $144,000 on march 15, 20x1. on march 15, apple completed to provide and install the equipment. estimated standalone fair values of the equipment, installation and training are $90,000, $60,000 and $50,000 respectively. the journal entry to record the transaction on march 15, 20x1 will include a
The journal entry will include a credit to sales revenue $36,000 and debit to unearned services revenue $36,000.
The journal entry always written in credit and debit with the total value of each column always same to each other.
For this case first we calculate the total for estimated standalone fair values of equipment, installation, and training. So,
Total standalone fair values = $90,000 + $60,000 + $50,000
= $200,000
From that result we can know the unearned services revenue because only training services that not complete. So,
= $144,000 * $50,000 / $200,000
= $36,000
Thus, the unearned services revenue in debit is $36,000 and for credit is $36,000 sales revenue.
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True or False?
Social workers work at both the state and national level.