Get Fit Now gains a client who prepays $540 for a package of six physical training sessions. Get Fit Now collects the $540 in advance and will provide the training later. After four training sessions, what should Get Fit Now report on its income statement?
a. Service revenue of $360
b. Service revenue of $540
c. Unearned service revenue of $360
d. Cash of $180
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Get Fit Now gains a client who prepays $540 for a package of six physical training sessions. Get Fit Now collects the $540 in advance and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Sandhill Company issued $2,400,000 of 10%, 10-year bonds on January 1, 2017, at 103. Interest is payable semiannually on July 1 and January 1. Sandhill Company uses the effective-interest method of amortization for bond premium or discount.
Answers (1)
On December 15 of the current year, Conrad Accounting Services signed a $40,000 contract with a client to provide bookkeeping services to the client in the following year.
Answers (1)
Loss of "human moments," burnout caused by long hours of being close to technical tools of work, and lack of guidance for inexperienced employees are among the disadvantages of
Answers (1)
A global defense contractor needs deep functional skills as well as the ability to coordinate across the functions of each contract or project.
Answers (2)
Refined Grains, Inc., agrees to sell to Sunny Cereal Company a certain quantity of refined oats each week but no mention is made of where the goods are to be delivered. In general, the UCC requires that the delivery take place at
Answers (1)
New Questions in Business
If patricia were to paint her living room alone, it would take 4 hours. her sister naomi could do the job in 5 hours. how long would it take them working together? if needed, submit your answer as a fraction reduced to lowest terms.
Answers (1)
2. Suppose you currently have $3,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 2% interest compounded annually. How much will you have when the CD matures
Answers (1)
From police records, it has been determined that 15% of drivers stopped for routine license checks are not wearing seat belts. if a police officer stops 10 vehicles, how likely is it that two consecutive drivers won't be wearing their seat belts?
Answers (1)
Personal Selling is: a. The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person's or group's purchase decision. b.
Answers (1)
Potanta is a company that manufactures herbal soaps. Over the years, the availability of aloe vera pulp, which is the keyingredient of the company's best-selling aloe vera soaps, has reduced.
Answers (1)