Increase in assets (Cash) and increase in owner's equity (Michael Anderson, Capital). Owner's equity will rise by $15,000, and assets will rise by the same amount.
Using the accounting equation, we resolve this.
Liabilities + Equity Equals Assets
The cash would be money that the firm actually owns. That is how assets are defined. Something that the business owns and that either currently consists of cash, can be transformed into cash in the future, or will contribute to a cash inflow.
Now that the asset has grown by $15,000, the other side must also grow.
The business is not liable to the owner. As a result, there will be an equity account, which properly represents the owners' capital.
There will be a rise in the assets in the form of cash and an increase in the equity.
To know more about Accounting equation visit:
https://brainly.com/question/14925850
#SPJ4
1. Which term refers to a person who lends money or provides credit?
A. debtor
B. consumer
C. creditor
D. borrower
Answer:
C
Explanation:
A creditor because is one to whom a debt is owed.
Which of the following is the greatest risk to information systems and causes the greatest dollar losses?
A) Dishonest employees
B) Human errors and omissions
C) Computer crime
D) Physical threats such as natural disasters
Human errors and omissions is the greatest risk to information systems and causes the greatest dollar losses.( OPTION B).A type of human error in which a user malfunctions because they neglect to carry out a crucial task or activity.
Like pressing the wrong control button. Error of commission is comparable. A planned operation that does not provide the desired results is referred to as having experienced human error. For instance, failing to set the parking brake on your car or malfunctions using the brakes when driving on a slick, rainy road. In companies adopting standard operating procedures, failure rates typically range from 10 to 30 mistakes neglect for every 100 opportunities.
To learn more about losses, click here.
https://brainly.com/question/20710370
#SPJ4
Marketing channels used to promote destinations and products include all but which of the following?
An attractive, effective, and easy-to-navigate website
Email marketing through newsletters and promotions
Online travel agents (OTAs) and booking engines
The marketing and sales departments in a company
Marketing channels used to promote destinations and products include all Email marketing through newsletters and promotions.
What are the 4 kinds of promoting channels?Websites, email, targeted digital advertising, and (digital or in-person) events are currently the most widely used marketing channels. Previously, individuals typically utilized an immediate circulation station (like mailers) or a circuitous promoting station (like TV).
What exactly are marketing channels and how do they work?The following are general functions that marketing channels carry out: carrying inventory, physically distributing products, supporting transactions, and providing after-sale service are all aspects of market information collection. Some of these tasks are easy to perform; However, there are a few that require explanation.
Learn more about marketing channels:
brainly.com/question/17204465
#SPJ1
Universal Containers would like to show different values to different groups of users in a custom picklist field.
What should be configured?
A. Page layouts
B. Record Types
C. Field-level security
D. Permission sets
The correct answer is B that is Universal Containers would like to show different values to different groups of users in a custom picklist field and record types should be configured.
One can categorize data in contacts, accounts, deals, and custom modules using Record Types so that users in various positions can access and modify data in the CRM in various ways.
Different field permissions and data scoping for each record type and role make this possible. The views of various user types can be tailored using a combination of page layouts and record types.
Page layouts determine what is displayed on the page, whereas record types are utilized to distinguish between various user categories and divide user groups for object page customization.
To know more about 'Universal Containers' related questions
visit- https://brainly.com/question/14576554
#SPJ4
If a business cannot pay its debts, creditors can expect the owner(s) to pay the debts with their personal assets of the business is a:
If this condition arises where a business can't able to pay it's debt, creditors can expect the owner to pay the debts with their personal assets of business is called- General Partnership or Sole Proprietorship.
What is sole proprietorship?A sole proprietorship is an unincorporated company that is run and owned by one person. This type of business structure is the simplest because there is no legal distinction between the owner and the business.
The proprietor or dealer who owns the business uses their legal identity to carry on business. By registering a trade name with their local authority, they can also decide to conduct business under a different name.
This kind of business is the least expensive to launch. Small enterprises, independent contractors, and other people who work for themselves frequently use it because of this.
When the business owner decides or upon their passing, a sole proprietorship starts and ends.
To know more about Sole Proprietorship, refer to-
https://brainly.com/question/14593467
#SPJ4
True or False: Through the use permission marketing programs, customers are allowed to select the type of communications companies can make with them, and even choose to be completely eliminated from both e-mail and traditional mailing lists.
The given statement is true.
Customers may pick the kind of communications that businesses can have with them via usage permission marketing programs, and they can even opt to be fully removed from both email and conventional mailing lists.
Clickstream selling is the practice of making recommendations for additional purchases on websites based on previously purchased products. Businesses put a lot of effort into lowering the percentage of current customers who leave and never come back.
Consumers now have more influence over communication thanks to the emergence of new technologies. Websites monitor visitors using tools like cookies, pixels, and fingerprinting to analyze browsing habits and deliver tailored information.
To learn more about Clickstream selling visit:https://brainly.com/question/28273918
#SPJ4
Cindy’s Car Wash has average variable costs of $1 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is
Cindy’s Car Wash has average variable costs of $1 and average fixed costs of $3 when it produces 100 units of output (car washes). The firm's total cost is 500 $.
What are the Variable costs?Variable costs are costs that change depending on the amount of a good or service the company produces. Variable costs are the sum of all marginal costs throughout all produced units. They could also be viewed as regular expenses. Variable costs are the two components of the total cost.
Variable costs fluctuate depending on how much product is produced. Variable costs include, for example, labor, commissions, and raw materials. The number of fixed expenses is constant regardless of the degree of production. Lease but also rental payments, insurance, including interest payments are examples of fixed costs.
Learn more about the variable costs here:
https://brainly.com/question/27853679
#SPJ1
if a government wants to establish a marketable permit program, it must begin by determining . group of answer choices the overall price to be charged for each permit how many permits will be issued in the overall market the overall quantity of a certain pollutant that will be allowed
if a government wants to establish a marketable permit program, it must begin by determining is overall quantity of a certain pollutant that will be allowed.
What is a marketable permit program?Marketable permits are regulatory instruments created to distribute rights or obligations more effectively by utilising the market's ability to make decisions. Marketable permits are designed to reduce administrative burdens, simplify compliance costs, and encourage innovation more than traditional regulation.
A marketable permit is a sort of government grant that allows a company to emit a specific amount of pollutants. A marketable permit encourages a company to lower the cost of pollution.
John Dales, a Canadian economist, and Thomas Crocker, an American economist, first proposed the idea of establishing a permit market to regulate pollution levels in the 1960s. By using this technique, businesses in an industry where a reduction in emissions is required are given pollution permits.
To learn more about marketable permit refer to :
https://brainly.com/question/4476974
#SPJ4
juan is in charge of dividing and labeling fruits on the basis of size and quality. after juan has labeled the fruits, they are sold to supermarkets. when juan does this, he is primarily engaging in the marketing function of scoring. grading. buying. financing. storing.
Juan is engaged in a type of market function mainly called grading.
What is grading in market function?Buying, selling, transportation, storage, standardization and grading, financing, risk bearing, and circulating market information are all examples of marketing functions. This type of marketing functions is more suitable to physical products.Grading It refers to the process of categorizing products into classes comprised of units with similar characteristics. It entails categorizing products into classes, lots, or groups based on predetermined quality grades. Grading aids in determining and securing remunerative prices for products.To grade is to sort goods into lots that are similar in variety, size, and quality. To standardize is to give permanence to grades through commodity inspection.The Benefits of Grading Increase marketing efficiency by allowing for the purchase and sale of goods without the use of personal information.To learn more about market function refer to :
https://brainly.com/question/1239947
#SPJ4
Two companies (A and B) are duopolists that produce identical products. Demand for the products is given by the following demand function: P = 10,000 - QA - QBwhere QA and QB are the quantities sold by the respective firms and P is the selling price.Total cost functions for the two companies are:TCA = 500,000 + 200QA + .5QA2TCB = 200,000 + 400QB + QB2a) Assume that the two firms act independently as in the Cournot model (that is, each firm assumes that the other firm's output will not change). Determine the long-run equilibrium output and selling price for each firm.Your answer: QA= ; QB = ; P =b) Assume that the firms form a cartel to maximize total industry profits (sum of Firm A and Firm B profits). Determine the optimum output and selling price for each firm.Your answer: QA= ; QB = ; P =
In the short run, the typical firm increases its output and makes an above normal profit.
Determine the long-run equilibrium ?Originally the Perfectly Competitive Market is in a long run Equilibrium.Now a sudden change in Demand has taken the price up which then forces the Marginal Revenue Curve upwards.This will culminate with the Marginal Revenue Curve now intersecting the Marginal Cost curve at a higher point being point F so that profit can be maximised.This higher level will thus lead to a higher output than units at point Q as the firm will increase output.Notice that at that point the Marginal Revenue is higher than Average Total Cost meaning that an Above normal profit is being made.Do react or comment if you need any clarification.To learn more about long run equilibrium refer
https://brainly.com/question/15685946
#SPJ4
label each scenario on the right with the type of taxes it is subject to. more than one label might match a scenario.
1. At year's conclusion, the number of outstanding common shares is calculated as follows: ($250,000+125,000+50,000+75,000) / $25.
At the conclusion of the year, there were 20,000 shares of common stock outstanding ($500,000 / $25).
2. Common stock plus Paid-in Capital Exceeding Par Value = Total Paid-In Capital at Year End. At the conclusion of the year, the total paid-in capital was equal to $(20,000*$25) + (50,000+25,000+30,000+45,000).
At year's conclusion, paid-in capital was equal to $650,000 ($500,000 plus $150,000).
3. At year's end, book value per common share was equal to $695,000 divided by 20,000, or $34.75 per share.
To know more about types of taxes, follow link:
https://brainly.com/question/20819042
#SPJ4
suppose a firm is hiring resources l and m under purely competitive conditions to produce product y, which sells for $0.50 in a purely competitive market. the prices of l and m are $6 and $8, respectively. in equilibrium, the mps of l and m, respectively, are multiple choice 12 and 16. 6 and 8. 8 and 6. 16 and 12.
Suppose a firm is hiring resources l and m under purely competitive conditions to produce product Y, which sells for $2 in a purely competitive market. The prices of l and m are $10 and $4 respectively. In equilibrium the MPs of l and m, respectively, are 5 and 2.
What is a competitive market?In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its response to supply and demand changes as shown by the supply curve, which depicts the quantity of a good. A perfect market, also known as an atomistic market, is defined by various idealising conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory. Farming is a fantastic illustration of a competitive market. Despite the fact that there are thousands of farmers, none of them has the power to change the market or the price based on how much they produce. The farmer has little choice but to raise the crop and take whatever price is offered for it at the time.
To learn more about a competitive market click,
https://brainly.com/question/1748396
#SPJ4
the seven members of the board of governors of the federal reserve system are:group of answer choiceselected by congress from a slate of nominees provided by the president.appointed by the senate finance committee.appointed by the presidents of the twelve federal reserve banks.appointed by the president with the confirmation of the senate.
The seven members of the board of governors of the federal reserve system are appointed by the president with the confirmation of the senate. Option D.
The Board oversees the operations of the 12 Reserve Banks and shares responsibility for the supervision and regulation of specific financial institutions and activities. Her seven members of the Board are appointed by the President and confirmed by the Senate.
This is the financial institution responsible for the country's monetary policy. This is the interest rate charged by the Federal Reserve on loans to member banks. Appointments to the Board are staggered and the term of the Board expires every two years of her. Maturities are staggered to ensure the Fed's political independence as a central bank.
Learn more about The federal reserve system here:- https://brainly.com/question/7798250
#SPJ4
firm z is producing 50 widgets using labor and capital. the marginal product of the last unit of labor employed is 500; the marginal product of the last unit of machinery (or capital) is 1000. the unit price of labor is $10, and the unit price of machinery or capital is $100. with competitive input markets, which of the following statements is true? responses
Employers are more likely to increase their employee count if wages and salaries are reduced. Demand for labor will grow, which will cause the demand curve to go downward.
What is Shifts in Labor Demand?According to the ceteris paribus premise, the labor demand curve depicts the amount of workers that companies want to hire at a given pay or compensation level. The amount of work requested will alter in response to a change in wage or salary. Employers would prefer to recruit fewer workers if the wage rate increased. There will be a reduction in the amount of labor that is demanded, and the demand curve will move upward. Employers are more likely to increase their employee count if wages and salaries are reduced. Demand for labor will grow, which will cause the demand curve to go downward.There are various causes for changes in the labor demand curve. One important factor is that the demand for the good or service being produced determines the need for labor. For instance, automakers will need to hire more staff the more new cars buyers want to buy. As a result, the demand for labor is referred to as a "derived demand." Here are some illustrations of derived labor demand:The demand for restaurant meals affects the demand for cooks.The need for prescription medications affects the demand for pharmacists.The demand for legal services affects the need for attorneys.To Learn more About Demand for labor refer to:
https://brainly.com/question/24885906
#SPJ4
according to brenkert, the presence of atypical harm from the products is the necessary condition for vulnerability.
a. true
b. false
The following statement "According to Brenkert, the presence of atypical harm from the products is the necessary condition for vulnerability" is false
Vulnerability people who, compared to the general population, are more vulnerable to the impacts of risk factors.
Vulnerability might take the form of social, cognitive, environmental, emotional, or even military. Vulnerability is a notion that, in regard to risks and catastrophes, connects people's interactions with their surroundings to the social forces, institutions, and cultural ideals that support and oppose them.
Within European Bioethics, the concept of vulnerability is a distinct notion. Vulnerability is an expression of human limitations and weakness on the one hand and a moral and ethical code of conduct on the other.
Hence the correct option is B
To know more about Vulnerability here
https://brainly.com/question/28384464
#SPJ4
A firm in a purely competitive labor market maximizes its profit by hiring workers to the point at which its wage rate equals ______.
A firm that is hiring labor in a purely competitive labor market and selling its product in a purely competitive product market will maximize its profit by hiring labor until: marginal revenue product equals marginal resource (labor) cost.
Marginal revenue is the boom in revenue that results from the sale of one additional unit of output. at the same time as marginal sales can remain regular over a sure stage of output, it follows from the law of diminishing returns and could sooner or later sluggish down because the output level will increase.
To calculate the marginal revenue, an employer divides the change in its total revenue by the change of its overall output amount. Marginal revenue is equal to the selling rate of a single extra item that turned into offered. below is the marginal revenue formula: Marginal sales = exchange in revenue/exchange in amount. To calculate marginal revenue, you're taking the entire exchange in sales and then dividing that by way of the change in the range of units bought. The marginal revenue system is marginal revenue = alternate in total sales/trade-in output.
Learn more about marginal revenue here: brainly.com/question/25623677
#SPJ4
refers to a falling aggregate price level. please choose the correct answer from the following choices, and then select the submit answer button. answer choices stagflation deflation disinflation hyperinflation
what refers to a falling aggregate price level is called deflation
Aspects of Deflation and InflationInflation is the sustained increase in the general level of prices. And deflation is the opposite, that is, the sustained decrease in prices. If we refer from the point of view of the value of money, Inflation money is worth less, and with deflation its value increases.
However, in several cases it can vary which is actually good or bad for the environment, in fact, inflation of 2% per year is something well seen.
For more about inflation and deflation here https://brainly.com/question/16946327
#SPJ4
Which of the following refers to a group of products offered by a firm that are physically similar or are intended for a similar market?
Product line refers to a group of products offered by a firm that are physically similar or are intended for a similar market.
The term "product line" refers to a group of related goods sold by the same company under the same brand name. In an effort to differentiate their various product lines from one another and make them easier for consumers to utilize, firm sell a variety of product lines under their various brand names.
Firms commonly expand their products by adding to existing product lines since customers are more likely to purchase goods from brands they are already familiar with. Product mix or product portfolio refers to the collection of a company's product lines. Except for loss leaders, it is advisable to discontinue product lines that are not profitable.
Learn more about Brands here:
https://brainly.com/question/12495783
#SPJ4
_____ is a method that employees use to steal cash after it has been received and recorded in the company books.
A. Racketeering
B. Phony disbursement
C. Skimming
D. Embezzlement
Embezzlement is a method that employees use to steal cash after it has been received and recorded in the company books. (Option D).
What is Embezzlement?White-collar crime known as embezzlement occurs when an individual or group willfully misappropriates funds that have been entrusted to them. The assets in this type of fraud are gained legitimately and belong to the embezzler, but they are later used against their will.
Because of this, dishonest employees may embezzle money that has been rightfully received and recorded in the business's books usually for personal purposes.
Learn more about embezzlement here: https://brainly.com/question/10116585
#SPJ1
If the residential real property is sold through the real estate firm, would the firm would get paid even with an exclusive agency listing?
In an specific listing, solely one broker is mainly authorized to act as the unique agent of the seller.
That skill one dealer has the sole right to market, show, and promote the property; other brokers are excluded from trying to promote the property whilst the agreement is active.
What is the unique proper to sell?An specific right-to-sell agreement is a contract between a homeowner and a actual property agent that offers the broking one-of-a-kind rights to gather fee when their property sells.
Why would a vendor choose an distinctive listing?The Exclusive Listing Agreement establishes a ground for honesty, trust, and confidence between vendor and broker. Such a relationship is important in the course of the marketing process and via the closing of the sale or lease. We require this foundation for every property we sell or lease.
Learn more about exclusive listing here:
https://brainly.com/question/14724321#SPJ4If a central bank focuses on preventing either high inflation or deep recession by using low and reasonably steady interest rate policy, then: foreign investment will increase significantly. exchange rates will have less reason to vary. government will intervene to peg the nation's currency. domestic investments in foreign businesses will decrease.
In a case whereby If a central bank focuses on preventing either high inflation or deep recession by using low and reasonably steady interest rate policy, then exchange rates will have less reason to vary.
What is inflation ?inflation can be described as the economic situation where there is a general rise in the prices of goods and services, which can be described as the continuing rise in prices as measured through index such as the consumer price index .
In conclusion, If a central bank focuses on preventing either high inflation or deep recession then exchange rates will have less reason to vary.
Therefore, option B is correct.
Learn more about inflation at:
https://brainly.com/question/8149429
#SPJ1
missing options:
foreign investment will increase significantly.
exchange rates will have less reason to vary.
domestic investments in foreign businesses will decrease.
government will intervene to peg the nation's currency.
May 1: Prepaid rent for three months, $1,800 May 5: Received and paid electricity bill, $50 May 9: Received cash for meals served to customers, $340 May 14: Paid cash for kitchen equipment, $2,900 May 23: Served a banquet on account, $1,560 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $2,700 May 31: Recorded depreciation for May on kitchen equipment, $570 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
If Sweet Catering had recorded transactions using the Cash method, the net income (loss) they would have recorded for May is ($4,410) instead of ($1,480) under the accrual method.
What is the difference between the cash method and the accrual method?The cash method records revenue and expenses when cash is received or payment is made.
On the other hand, the accrual method recognizes revenue and expenses for the period, whether cash is received/paid or not.
The accrual method records revenue when an invoice is raised and when a bill is received, unlike the cash method.
Transaction Analysis:May 1 Prepaid Rent $1,800 Cash $1,800
May 5 Electricity Expense $50 Cash $50
May 9 Cash $340 Service Revenue $340
May 14 Kitchen Equipment $2,900 Cash $2,900
May 23 Accounts Receivable $1,560 Service Revenue $1,560
May 31 Rent Expense $600 Prepaid Rent $600
May 31 Salary Expense $2,700 Salary Payable $2,700
May 31 Depreciation Expense $570 Accumulated Depreciation $570
Cash Method for Income Statement:Service revenue $340
Expenses:
Rent $1,800
Electricity 50
Kitchen equipment $2,900
Total cash expenses = $4,750
Net income (loss) = ($4,410)
Accrual Method for Income Statement:Service revenue $1,900
Expenses:
Rent $60
Electricity 50
Salary $2,700
Depreciation $570
Total expenses = $3,380
Net income (loss) = ($1,480)
For the purchase of kitchen equipment, the accrual method records depreciation expense for the month while the cash method records the full amount paid for kitchen equipment on May 14.
Thus, a higher net loss is recorded for May when Sweet Catering uses the Cash method than the Accrual method.
Learn more about the cash and accrual methods at https://brainly.com/question/13406239
#SPJ1
The main risk in a ________ approach is the substantial resources needed and the difficulty of planning entry strategies for many diverse markets.
A. shotgun
B. continuous
C. born global
D. sprinkler
E. waterfall
Marco suspects that the new quality team he's been asked to join is really just a group when he notices what behavior?
Question 20 options:
A: They hand out written goals at the beginning of every meeting.
B: Their meetings never have an agenda.
C: The members choose a leader to guide them.
D: Their meetings always have an agenda that's too long
Answer: B. Their meetings never have an agenda.
Explanation:
I took the test
Answer:
their meting never have an agenda
Explanation:
Basic career management systems involve the four sequential steps of recruiting, relocation, reality check, and action planning. T/F
FALSE
Because a basic career management system involves four steps: data collection, feedback, goal setting, and follow-up action and planning. If these four steps are carried out properly, a good career management system will be created.
Career management is a combination of structured planning and active management choices of one's professional career. In general, career management refers to the process of enabling professionals to realize their professional talents and apply those skills to further their careers and the businesses in which they work.
Career is the work that a person decides to do during an important period in their life. Many people have their career hopes and aspirations with them hoping for the best and working towards fulfillment in whatever career choice they have made. Few organizations have a formal career management plan. Career management allows companies to improve the performance of their establishments with better employee engagement. Through this process of recruitment quality, employees can be achieved. Examples of career management are trusted courses, certificate programs (related to your career), joining cutting-edge projects attending conferences, staying up to date in professional reading.
You can learn more about Career management here brainly.com/question/18370221
#SPJ4
While on a business trip, an employee accesses the company's internal network and transfers files using an encrypted connection. Which of the following digital security methods is being used? VPNFirewallFirewallAccess control listAccess control listDLPDLP
VPN is the digital security methods is being used.
Which purposes is a VPN primarily used for?
The ability to establish a secure network connection when using public networks is known as a "Virtual Private Network," or VPN. VPNs encrypt your internet traffic while hiding your identity online. This makes it more difficult for other parties to keep track of your online behavior and steal your data. The use of real-time encryption is made.
A VPN can mask your IP address by allowing the network to send it through a specially configured remote server run by a VPN host. To put it another way, when you use a VPN to browse the internet, the VPN server turns becomes the source of your data. Your Internet Service Provider (ISP) and third parties won't be able to see the websites you visit or the information you send as a consequence.
to learn more about VPN click:
https://brainly.com/question/25554117
#SPJ4
Season tickets for the Dingos are priced at $220 and include 11 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,287,000. By the end of October, $702,000 of the Unearned Ticket Revenue had been recognized as revenue. Season tickets sold by Dingos SHOW LIST OF ACCOUNTSSHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR EXERCISE How many home games had the Dingos played by the end of October? Home games played by Dingos SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the entry for the initial recording of the Unearned Ticket Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the entry to recognize the revenue after the first home game had been played. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work
"Ticket Revenue" means all monies and other assets actually received by the Lessee or the Operator acting on their behalf at any given time in connection with or in exchange for any or all Tickets.
How do you find revenue from ticket sales?The entry for the first time the unearned ticket revenue was reported is:
A. 5,400 tickets for the Dingos' season were sold
B. The Dingos played 11 home games by the end of October
C. 1,728,000,000 Dr. Cash
The unearned ticket revenue totaled $1.72 million.
D. After the opening home game, the following entry was made to show the revenue:
Sales of Dr. Unearned Tickets: 108,000 108 billion rupees in revenue.
Since an identical amount of money is recognized after each game is played, the total unearned ticket income for the season is divided by the number of home games played (1,728,000/16 = $108,000).
a. A total of 5,400 tickets were sold based on the season's total unearned ticket revenue of $1,728,000 divided by the price per ticket of 320.
b. Home matches completed by the end of October = Recognized unearned revenue completed by the end of October / same amount of income recognized after each match = 1,188,000/108,000 = 11 matches.
c. When a ticket is purchased with cash, the Cash account (Dr) increases by $1,728,000, and Unearned Ticket Revenue also increases (Credit - since this is a liability account) by the same sum.
d. After the first home game, the revenue generated after each game should be recorded as revenue by deducting 108,000 from the Unearned Ticket Revenue (Dr) and adding 108,000 to the revenue account (Cr).
The complete question is:
AP Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recognized after each game is played. When the season began, the amount credited to Unearned Ticket Revenue was $1,728,000. By the end of October, $1,188,000 of the Unearned Ticket Revenue had been recognized as revenue. Journalize unearned revenue transactions. Instructions a. How many season tickets did the Dingos sell? b. How many home games had the Dingos played by the end of October? c. Prepare the entry for the initial recording of the Unearned Ticket Revenue. d. Prepare the entry to recognize the revenue after the first home game had been played.
To learn more about Ticket Revenue refer to:
https://brainly.com/question/20691834
#SPJ4
Using the timeline on pp. 1524-1526 in the Norton Anthology of African American Literature 3rdEdition, Volume II, identify what you believe are the three most important events that occurred during the period from 1960-1975 and explain how each event influenced the literature of the period.
An overview of Norton Anthology of African American literature since 1945 and from the period 1960-1975 and events that influenced the literature of the period.
The political divisions, upheavals, and ambiguities of the 1960s were reflected in the decade's literature as authors grappled with shifting attitudes toward social involvement, corporate and governmental power, individual and minority rights, drug use, and technological advancements like television and consumer air travel that allowed for a more global perspective but disrupted traditional ways of thinking about time.
"An Overview of American Literature" sought to produce an aesthetic that was both rigorously credible and philosophically acceptable. Authors could express specific experiences on broad platforms like literary feminism and the Black Arts Movement without feeling like they were speaking for their race, ethnicity, or gender.
To know more about 'Norton Anthology' related questions
visit- https://brainly.com/question/28463749
#SPJ4
for most restaurants, the average total cost curve at levels of output, then at levels.
Average Fixed Cost (AFC), which is the vertical difference between Average Total Cost (ATC) and ATC that narrows as quantity rises, is a u-shaped curve. Marginal Cost (MC), which has an increasing slope, crosses each of these curves at their minimum points.
What does an output-relative total cost curve reveal?The curve's shape shows that marginal returns increase for small output quantities while they decline for greater output quantities. The relationship between total cost and the quantity of production is visually represented by the total cost curve.
if the average total cost curve slopes downward?As a result of economies of scale, the average cost increases less rapidly than output in the downwardly sloping section of the curve.
To know more about Average Total Cost visit :-
https://brainly.com/question/13950634
#SPJ4
The credit terms provided to the buyer were 3/15,n/60. Jones Company is new to business and needs help understanding these terms. You explain that the discount percentage in the above credit term is ___ and ____ represents how many days the discount is applicable.
You explain that the discount percentage in the above credit term is 3% and 15 represents how many days the discount is applicable.
What is credit term?Credit terms specify when payments are expected for purchases made with credit, any potential discounts, and any interest or late payment penalties that may be charged. Credit conditions for sales on credit, for instance, can be 2/10, net 30. This indicates that payment must be made in 30 days (net 30). A consumer receives a 3% discount if they pay within 10 days, or 3/10 net 30. In any other case, the entire sum is payable 30 days after the invoice date. Credit terms are the terms that the buyer and seller have agreed upon as part of their agreement outlining how the payment will be made for the products and services delivered.
To learn more about credit terms click,
https://brainly.com/question/24086159
#SPJ4