The following account balances are taken from the December 3…

The following account balances are taken from the December 31, 2020, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising Revenue $ 51,780 Cash 46,084 Accounts Receivable 7,810 Interest Expense 2,401 Accounts Payable 5,220 Operating Expenses 41,942 Deferred Revenue 1,310 Equipment 20,194 Income Tax Expense 2,589 The following activities occurred in 2021: 1. Performed advertising services on account, $61,250. 2. Received cash payments on account, $11,700. 3. Received deposits from customers for advertising services to be performed in 2022, $3,400. 4. Made payments to suppliers on account, $5,220. 5. Incurred $50,100 of operating expenses; $43,400 was paid in cash and $6,700 was on account and unpaid as of the end of the year. What is the amount of revenue that will be reported on the income statement for the year ended December 31, 2021?

Since Covid, private club memberships have dramatically incr…

Since Covid, private club memberships have dramatically increased, particularly full golf memberships.  For this question I want you to discuss the reasons (there should be multiple) why clubs have experienced this growth. Make sure you are detailed in your answer.

On June 1, Wake Industries’ work in process inventory had a…

On June 1, Wake Industries’ work in process inventory had a balance of $21,500 and included only one job (Job 44). During June, $58,700 of direct materials were used for Job 44 and $31,000 of direct labor costs were incurred for Job 44. Manufacturing overhead costs are allocated at a rate of 110% of direct labor costs. Wake did not start any new jobs during June, and Wake completed Job 44 on June 28. What is the total cost of producing Job 44? Round to the nearest whole dollar and do not enter a dollar sign (e.g., enter 89, not $89.00).

In our discussion about the membership sales process, we wen…

In our discussion about the membership sales process, we went over how critical it is to understand your club’s current data.  For this question, please discuss the various types of demographic data that is important to collect and understand before embarking on a membership sales plan.