The journal entries to record the Depreciation Expenses for Cougar Co. are as follows:
Journal Entries:Account Name Debit Credit
1) Depreciation Expense $11,000
Accumulated Depreciation $11,000
2) Year 4 Depreciation Expense $40,000
Accumulated Depreciation $40,000
3) June 30, Year 4: Depreciation Expense $4,500
Accumulated Depreciation $4,500
What is the journal entry for depreciation expense?The journal entry for depreciation expense is to debit the Depreciation Expense account and credit the Accumulated Depreciation account.
The Depreciation Expense appears on the income statement while the Accumulated Depreciation appears in the balance sheet as a contra account of the long-term asset.
Adjustment Analysis:1) Additional Engine:
Equipment Addition $65,000 Cash $65,000
Equipment $120,000 Accumulated Depreciation $20,000
Remaining useful life = 10 years (12 -2)
Additional useful life following the equipment addition = 5
New useful life of Equipment = 15 years (10 + 5)
Annual depreciation = $11,000 ($165,000/15)
Depreciation Expense $11,000 Accumulated Depreciation $11,000
2) Tractor:
Year 4 Depreciation Expense $40,000 ($48,000 - $8,000) Accumulated Depreciation $40,000 ($48,000 - $8,000) $8,000 is to reverse the overstatement in Year 3.
3) Snowmobile:
Cost of Snowmobile = $19,000
Salvage value = $1,000
Purchase date = October 1, Year 3
Depreciable amount = $18,000
Annual depreciation = $6,000 ($18,000/3)
Estimated useful life = 3 years
Year 3 Depreciation Expense = $1,500 ($6,000 x 3/12)
Year 4 Depreciation Expense = $6,000
Year 4 Depreciation Expense to June 30 = $3,000
June 30, Year 4: Depreciation Expense $4,500 Accumulated Depreciation $4,500
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Question Completion:1) On January 1, Year 3, Cougar added an engine to a backhoe at a cost of $65,000, which extended the estimated useful life of the asset by 5 years. The original equipment, purchased January 1, Year 1, cost $120,000 and had an estimated useful life of 12 years. Record the entry needed on December 31, Year 3. Assume that Cougar records depreciation expense annually.
2) Cougar purchased a tractor on March 1, Year 3, for $240,000, and the estimated useful life was 5 years. Cougar recorded $48,000 for depreciation expense in Year 3. Record the entry upon discovery of the error in Year 4. Assume that Cougar records depreciation expense monthly.
3) Cougar purchased a snowmobile on October 1, Year 3, for $19,000, with a $1,000 salvage value, and the estimated useful life was 3 years. Due to an oversight, the company failed to record depreciation expense in Years 3 and 4. Record the entry needed on June 30, Year 4, when the oversight was discovered. Assume that Cougar records depreciation expense monthly.
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.
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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 :
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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.
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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.
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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.
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horizontal analysis of income statement for 20y2, macklin inc. reported a significant decrease in net income. at the end of the year, john mayer, the president, is presented with the following condensed comparative income statement:
The following abbreviated comparative income statement is submitted to the president; round the numbers to 46.3% by adding -16100/34800 x 100%.
This error is caused by rounding off the numbers. You will receive -16100/34800 x 100% = -46.26 and round that to 46.3%.
A company's financial success over a particular accounting period is reported using one of the three key financial statements, the income statement. The cash flow statement and the balance sheet are the other two important statements.
The income statement focuses on the company's earnings for a specific time period, including profits and losses. An income statement, sometimes referred to as a profit and loss (P&L) statement or a summary of sales and expenses, offers crucial information about a company's operations, the effectiveness of its leadership, underperforming industries, and performance in comparison to peers in the same sector.
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question content area snipe company has been purchasing a component, part q, for $19.20 per unit. snipe is currently operating at 70% of capacity, and no significant increase in production is anticipated in the near future. the cost of manufacturing a unit of part q is estimated as follows:
The loss the company is incurring by purchasing Q = $19.20 - 17.12
Loss = $2.08/Q
How do you calculate the direct costs?When there is spare capacity, only the relevant costs are identified to determine whether the option to buy or make is worthwhile, resulting in the corporation incurring a meaningful loss on the purchase of Q rather than making it.
Since the factory fixed overhead is to be paid regardless of manufacturing Q, it should not be included in the estimations and the total cost of manufacturing Q should be
Direct Material + Direct Labor + Variable overheads
So Direct costs = 11.5 + 4.5 + 1.12 = $17.12
So the loss the company is incurring by purchasing Q = $19.20 - 17.12
Loss = $2.08/Q
Differential effect on the income is $2.08/ purchase of Q.
This can be avoided, thus Snipe should think about producing Q rather than buying it because doing so would allow it to save money as no production increases are currently scheduled.
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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:
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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.
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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.
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If 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.
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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.
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.
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public goods are generally provided by the government rather than profit-maximizing firms because: g
Because public goods can be utilized by one individual without affecting the quantity that is available to others, governments typically offer them rather than profit-maximizing businesses.
What does "firm" mean?A business that seeks to make money by offering goods and services is known as a firm. Firm and business are both acceptable terms. Different organizational structures for businesses, including corporations and single proprietorships, are available.
What is a firm's primary goal?According to the traditional view of the firm, profit maximization is a company's main goal. Price & output of a specific product are set by perfect competition with the only goal of satisfying consumer demand under the assumption of given taste & technological advancements.
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What Human Resource Policy changes do you think will have to become permanent as a result of the pandemic and why?
As businesses shifted to remote working and managed employees who worked from different locations, the pandemic marked a new chapter in organizational life and enhanced the necessity of human resources management.
Since the world has adapted to the so-called "new normal," organizations must now adhere to new working policies and adopt the standards that guarantee workers' safety and well-being whilst maintaining the organization's effectiveness.
What is human resource policy?Human resource policies serve as ongoing guidelines for the method of personnel management that an organization intends to use.
They serve as specific instructions to HR managers on a variety of employment-related topics and outline the organization's intentions regarding various facets of human resource management, including hiring, promoting, compensating, training, and making selections, among other things.
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Which of the following structures is divided into several distinct business units, each of which has its own profit and loss center?
a. integrated structure
b. functional structure
c. formalized structure
d. multi divisional structure
The multi-divisional structures is divided into several distinct business units, each of which has its own profit and loss center.
Forms with several divisions that are all a part of one legal organisation. Although management in the central office runs the company, independent divisions are in charge of making the majority of operational decisions. Typically, the central office will give the divisions services like management know-how and funding.
A certain organizational structure known as the multidivisional form divides a company into divisions that are somewhat independent and have their own unitary structures. The business is generally split up into corporate organizations, each of which is in charge of a certain production product or product line. The top management is based in the central office, where they coordinate the departments and create overarching business plans.
Hence the correct option is D.
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a measure of any customer sentiment is considered effective as long as . group of answer choices customers are not confused variations in the measure are sensitive to the changes in that sentiment customers are willing to respond customers respond truthfully it provides favorable ratings
Monitor the social media platforms where the majority of your customers are as well as hashtags and keywords related to your brand in order to measure customer sentiment.
Why track the feelings of customers?It lets you know why your customers feel the way they do and, most importantly, why they like or dislike your brand when they interact with it. Nearly every other metric is connected to customer sentiment.
What is sentiment analytics for customers?Customer sentiment analysis, according to KM World, is the process of processing information to ascertain a customer's opinion. An organization can benefit from the time customers spend asking questions, resolving issues, and sharing both positive and negative experiences.
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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:
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.
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John presented to the ER with rectal bleeding. Earlier in the day. John had a colonoscopy that revealed a polyp. John's physician used hot forceps to remove the polyp. After exam in the ER, John is taken back to the GI suite where it is revealed that during the polyp removal procedure, John's physician inadvertently perforated his colon. The perforated colon represents which of the following? damages breach duty causation
The perforated colon represents Breach.
Breach refers to the violation of a legal obligation. In this case, the legal obligation is the duty of care the physician had to John. The physician had a duty to provide John with the proper care and attention during the procedure, and in this case, the physician violated that duty by inadvertently perforating John's colon.
The physician's negligence in this regard is what constitutes a breach, and it is the breach that is responsible for the damage sustained by John. By breaching the duty of care, the physician caused the damage to John, and it is this breach of duty that makes the physician liable for the damage.
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_____ 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.
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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
If a firm's marginal product of labor is less than its average product of labor, then an increase in the quantity of labor it employs definitely will
A) not change its average product of labor.
B) decrease its average product of labor.
C) increase its marginal product of labor.
D) decrease its total product.
If a firm's marginal product of labor is less than its average product of labor, then an increase in the quantity of labor it employs definitely will decrease its average product of labor.
What is marginal product, to provide an example?A restaurant kitchen is a great example of the marginal output of labor. The restaurant cannot generate anything without cooks. After hiring one cook, the restaurant might generate ten additional meals, giving rise to a positive MPL of ten.
The same thing as marginal product is what?The neoclassical theory of competitive markets states that the marginal output of labor is equal to the real pay. In aggregate models of perfect competition, when a single good is produced and used for both consumption and capital purposes, the marginal product of capital is equal to its rate of return.
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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.
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https://brainly.com/question/14724321#SPJ4True 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.
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In countries that have high minimum wages and require a lengthy and costly process to get permission to open a business.
The long-run aggregate supply curve would shift to the right if countries with high minimum wages and lengthy and expensive procedures for obtaining business licenses were to lower both the minimum wage and these requirements.
In the long run, what happens to the aggregate supply?Because it is vertical in nature, the traditional long-run aggregate supply does not shift with the price level. This is because, in the long run, businesses do not alter their output because resources adjust to the price change.
Why does the aggregate supply curve change over time?Changes in the variables that have an effect on an economy's potential output are the only things that can cause the long-run aggregate supply curve to change. Changes in technology, capital, natural resources, and labor are all factors that alter the aggregate supply over the long term.
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• ABC Travels is a travel company that offers foreign tour packages. The company wants to know what AMERICAN travelers look for when booking a holiday to a foreign country. The typical customers for this company are usually a family group of four. The family group usually has two children.
• (a) Formulate at least two research questions for the problem.
• (b) State the unit of analysis of your study.
• (c) What is your independent and dependent variable?
• (d) State your research objectives and the research hypotheses.
Answer:
a) Research questions:
What factors do American families consider when choosing a foreign holiday destination?What are the most important factors that influence the decision to book a foreign tour package with ABC Travels?b) The unit of analysis of the study is American families.
c) The independent variable is the factors that American families consider when choosing a foreign holiday destination. The dependent variable is the decision to book a foreign tour package with ABC Travels.
d) Research objectives:
To identify the factors that American families consider when choosing a foreign holiday destination.To determine the most important factors that influence the decision to book a foreign tour package with ABC Travels.Research hypotheses:
The cost of the tour package is a significant factor in the decision to book a foreign tour package with ABC Travels.The destination of the tour package is a significant factor in the decision to book a foreign tour package with ABC Travels.perform a horizontal analysis on the following information providing both the dollar amount and percentage change (decrease in amount should be indicated by a minus sign. round your percentages to 1 decimal place.): 2021 2020 cash $ 640,000 $ 210,000 accounts receivable 910,000 760,000 inventory 750,000 550,000 long-term assets 1,900,000 2,200,000 total assets $ 4,200,000 $ 3,720,000
Increase (Decrease) Amount % Cash Accounts receivable Inventory Long-term assets Total assets
By examining financial records from different years, horizontal analysis, also known as trend analysis, examines positive or negative patterns within an organization.
What characteristics define a good horizontal analysis example?
The base year and comparative year are selected as the first stage in computing the percentage change. To calculate the dollar change, divide the result by the base year after deducting the value from the value of the comparative year. Next, the outcome is repeated with 100.
What tool is used for horizontal analysis?
Answer. examining patterns It serves as an essential tool for horizontal analysis. The ratios of many financial statement items for various time periods are calculated in this study, and the findings are then compared.
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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.
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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.
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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.
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