Athens Delivery Service Is Hired on October 31,2018 to Perform

question 201

Multiple Choice

Athens Delivery Service is hired on October 31,2018 to perform services,beginning on November 1,2018.The delivery services will be performed for six months at a rate of $3,300 per month.Athens' fiscal year ends on December 31.What amount of service revenue should be recorded as an adjusting entry on December 31,2018?

• A) $3,300
• B) 0
• C) $6,600
• D) $9,900

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Definitions:

Competitive Advantage

A factor or situation that positions a firm more favorably or advantageously in the market relative to its competitors.

Competitive Advantage

An attribute that allows a company to outperform its competitors, enabling it to generate greater sales or margins and/or retain more customers.

Product Benefits

The advantageous features or outcomes that a customer receives from using a product.

Five Forces Model

A framework developed by Michael Porter that analyzes five key forces shaping the competitive intensity and profitability within an industry.