Classify the following adjusting entries as involving prepaid expenses (PE), unearned revenues (UR), accrued expenses (AE), or accrued revenues (AR). a. –––– To record revenue earned that was previously received as cash in advance.
b. –––– To record annual depreciation expense.
c. –––– To record wages expense incurred but not yet paid (nor recorded).
d. –––– To record revenue earned but not yet billed (nor recorded).
e. –––– To record expiration of prepaid insurance.

You are a newspaper publisher. you are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month that you can't get out of. you also have a marginal printing cost of $.25 per paper as well as a marginal delivery cost of $.10 per paper. if sales fall by 20 percent from 1 million papers per month to 800,000 papers per month, what happens to the afc per paper?