Answer:
The month of April
Explanation:
Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm prepares monthly financial statements, the law firm should recognize the revenue in April because according to revenue recognition principle, revenue should be recognized in the accounting period in which services are performed, and Susan zupan performed the work in April so therefore the firm should recognize the revenue in April.
Answer:
a. $70,500
b. $7,500
c. $9,000
Explanation:
a. The computation of the amount of revenue is shown below:-
Amount of revenue = Ending balance of accounts receivable + Cash collected - Beginning balance of accounts receivable
= $10,500 + $72,000 - $12,000
= $70,500
b. The computation of net income earned during the accounting period is shown below:-
Net income = Revenue generated - Expenses
= $70,500 - $63,000
= $7,500
c. The computation of amount of cash flow from operating activities is shown below:-
Net cash flow from operating activities = Cash collection - Amount paid for operating expenses
= $72,000 - $63,000
= $9,000
Answer:
"Opt-out
" is the correct answer.
Explanation:
- A paradigm using the implicit authorization of existing people who receive is considered as Opt-out model, consumers are considered ready to consume the communications even though they have sufficient choice to decline such.
- This is indeed a phrase being used for the approach regarding direct sales messaging from the States.
B.
You must simply follow your equilibrium point. If the new demand curve is at D2, then you find the new intersection formed by D2 and S1.