A not-for-profit organization published a monthly magazine that had 15,000 subscribers on January 1, 2013. The number of subscribers increased steadily throughout the year and at December 31, 2013, there were 16,200 subscribers. The annual magazine subscription cost was $10 on January 1, 2013 and was increased to $12 for new members on April 1, 2013. Subscriptions are paid in full at the beginning of the member term. An auditor should expect that the revenue from subscriptions for the year ended December 31, 2013, would be approximately
A. $179,400.
B. $171,600.
C. $164,400.
D. $163,800.
D. $163,800.
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Answer the following statement true (T) or false (F)
If a contract does not require a seller to deliver the goods to a buyer's place of business but merely to ship the goods to the buyer, the seller:
A. is required to deliver the goods personally to the buyer's place of business. B. is not required to notify the buyer of the shipment as it is the duty of the carrier to bear for any material delay or loss in the process. C. is required to put the goods into the possession of a carrier such as a trucking company or a railroad. D. is not required to make a contract with the carrier as the seller's duty ends after he delivers the goods safely to the carrier.
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Fill in the blank(s) with correct word
Union contracts frequently specify all of the following that management obligations except:
A. discipline standards B. seniority policies C. layoff rules D. hiring standards