Allen Company Is Hired on December 15,2016 to Perform Services,beginning

question 74

Multiple Choice

Allen Company is hired on December 15,2016 to perform services,beginning on December 16,2016.Under this agreement,Allen will earn $4,500 monthly and receive payment on January 15,2017.What amount of service revenue should be recorded for the year ending December 31,2016?

• A)0
• B)$2,250
• C)$4,500
• D)There is not enough information to answer this.

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Definitions:

Workforce

Refers to the pool of employees or labor available to an organization or country, including both the employed and those seeking employment.

Short-Range Plans

Strategic plans developed to achieve goals or objectives within a relatively short time frame, typically up to one year.

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The assigning of jobs to work or processing centers.

Yield Management

Capacity decisions that determine the allocation of resources to maximize profit or yield.