Answer:
May 2 No entry is required as the transaction is yet to happen
May 7 DR Accounts Receivable $1,200
CR Tour Revenue $1,200
May 9 DR No entry required
May 15 DR Sales Allowance (1,200 * 30%) $360
CR Accounts Receivable $360
May 20 DR Cash $789.60
DR Sales Discount $50.40
CR Accounts Receivable $840
Working
Accounts Receivable = 1,200 - 360 sales allowance = $840
Sales Discount = 840 * 6% discount = $50.40
Cash = 840 - 50.40 = $789.60
b. Net Revenues
= Revenue - Sales allowance - Sales discount
= 1,200 - 360 - 50.40
= $789,60
c. Partial Income Statement
Tour Revenues $1,200
Less:
Sales Allowance $360
Sales Discount <u> $50.60 </u>
<u> ($410.60)</u>
Net Tour Revenue $789.40
Answer:
Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:
A) higher, because more games are televised today.
Opportunity costs are the cost of choosing one alternative from another.
In this case, when college students attend college football games they are unable to do other activities, not only while they are at the stadium or going to the stadium, but they are not able to purchase other goods. The cost of those alternatives that are lost are higher now because many college football games are televised now, before if you wanted to see a game you had to go to the game. So a student is now able to watch the game while doing other activities, or saving money for buying something else.
Can this change in opportunity cost account for the decline in college football attendance?
B) Yes, because these changes increase the opportunity cost of watching football games in person.
Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?
I'm pretty sure B
Explanation:
I dont knowing I'm correct but give meh a rating if I'm right
The given statement is False.
Diversity in work groups can create conflicts, so managers should try to minimize diversity when assigning new people to teams, is a False Statement.
Explanation:
Diversity means a whole range of diverse or different things. Diversity can be defined as the state of being diverse. Diversity is a concept which emphasizes that concept that every person is different and unique in his or her own way and we all should respect the differences between people.
People can be considered diverse on the basis of
- Ethnicity
- Race
- Gender
- Age
- Physical Abilities
- Cultures
- Status
- Religion
- Political beliefs, etc.
So when people with diversity come together to work with each other, they may share different opinions on the basis of their different backgrounds and the final result will be a sure success. So managers rather prefer to make teams of people with diversities.
Learn more about diversities at:
brainly.com/question/11427393
brainly.com/question/1446827
#LearnWithBrainly
Answer:
b) Thank the representative and accept the offer to cover expenses of your participation.
Explanation:
Since the representative asked for your participation on an expert panel that will be held at an upcoming international professional conference. The representative offered to pay for travel and lodgings for you and a guest to the conference.
The response that be most effective for helping you to make an ethical decision is to first of all, thank the representative and accept the offer to cover expenses of your participation.
As a sign of gratitude, you should thank them for the honor and privilege bestowed on you to be a part of the panel.
Also, having them offering to pay your travel and lodging costs would help you channel your energy into preparing and equipping yourself with necessary information and knowledge about the conference.
