Answer:
Jones purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans.
Explanation:
Cost-benefit analysis is defined as a method to estimate all the costs involved and possible profits that can be achieved in a business opportunity.
Jones purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans.
So, at Smith's house, there's always a chance that one of the siblings will drink the cola before the other.
Therefore,
cola can lasts much longer at Jones's house than at Smith's.
Answer:
. balance sheet.
Explanation:
Liabilities are debts a business or an individual owe to other parties. It is money owed to creditors. Liabilities are financial obligations that an enterprise incur in the course of doing business. The obligations or debts have to been paid; hence they should be appropriately indicated in the financial records.
Liabilities are recorded in the balance sheet statement. A balance sheet indicates the financial status of a company by showing its assets and how they are financed. The balance sheet is prepared by followed the equation of assets equals liabilities plus equity. It lists the assets on one right side, while liabilities and equity appear on the left.
I would say the answer is D. I’m not 100% sure but that seems to make the most sense.
Answer:
The adjusted balance in Deferred Revenue at the end of year 1 is $1,080,000.
Explanation:
Deferred revenue is also known as unearned revenue which means that income is received but not earned. In accrual basis accounting, we record revenues only after we deliver the goods or perform the services.
In this case, the $1,800,000 is received for 10 home games which means that per game we received 1,800,000/10 = 180,000.
Since only 4 games were played during the year, the revenue earned at the end of year 1 is: 180,000*4= 720,000
The remaining 6 games will be played in year 2 but we have already received the payment of games, so it will be considered as a Deferred Revenue. The amount of Deferred Revenue at the end of year 1 is:
⇒ 180,000*6 = 1,080,000
