The Bridge in Bridgehampton, N.Y., charged a whopping $750,000 to join, according to a 2007 Wall Street Journal article. Another Hamptons club, Sebonack Golf Club, billed new members for $650,000 when it opened in 2006, Bloomberg reported.
Hence, the revenue cycle actually consists of two major subsystems (assuming sales on credit basis): 1  the sales order processing system and. 2  the account receivable system.
A: Unearned revenue is usually included in a deferred revenue account for tax-recording purposes. Unearned revenue is revenue for services not yet rendered or goods that have not been distributed to the customer, according to Business Economics.