Maroon & Orange Gym, Inc., uses the accrual method of accoun…
Maroon & Orange Gym, Inc., uses the accrual method of accounting. The corporation sells memberships that entitle the member to use the facilities at any time. A one-year membership costs $480 ($480/12 = $40 per month); a two-year membership costs $720 ($720/24 = $30 per month). Cash payment is required at the beginning of the membership period. On July 1, 2020, the company sold a one-year membership and a two-year membership. For financial reporting purposes, Maroon reports the membership income ratably over the number of months involved. How much gross income should the company report as gross income from the two contracts in 2021, the year following payment?
Read DetailsWhile caring for a patient with angina, the nurse plans an i…
While caring for a patient with angina, the nurse plans an intervention that decreases myocardial oxygen demand and promotes coronary blood flow. Which intervention would most likely initially be used to promote this physiological process?
Read Details