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erica [24]
2 years ago
12

A gym offers one-year memberships for $99 and requires customers to pay the full amount of cash at the beginning of the membersh

ip period. For the gym, this is an example of a(n):
Business
1 answer:
drek231 [11]2 years ago
4 0

A gym offers one-year memberships for $99 and requires customers to pay the full amount of cash at the beginning of the membership period. For the gym, this is an example of a(n): Deferred revenue.

Since the whole amount is received in advance (before the membership periods) it cannot be charged as revenue in the income statement. This would be treated as deferred revenue, till the membership period is over. Such deferred revenue is a liability of the gym and must be recorded in the Balance Sheet.

Cash-based accounting does not record depreciation expenses. Cash Accounting does not record journal entries when sales are made on an account. Generally accepted accounting principles (GAAP) require you to use the accrual basis of accounting.

Learn more about the gym at

brainly.com/question/5947845

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8 0
3 years ago
¿sí se vende mercancía en que tipo de cuenta debe registrar el IVA de dicha compra?
poizon [28]

Answer:

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Explanation:

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3 years ago
Line graph labeled Business Cycle. Curve rises, falls, rises again, and begins to fall again. Point A marks top of first curve.
CaHeK987 [17]

The part of the business cycle given that shows a period of contraction is <u>Point B. </u>

<h3>Why does point B show contraction?</h3>

When the economy is in a period of contraction, the business cycle would show a fall from the peak to the trough.

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In conclusion, option B is correct.

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5 0
1 year ago
why might the cost of a mortgage loan be greater than the cost of using unsecured corporate debt to finance corporate real estat
Zolol [24]

For real estate income property, mortgage loans are often made on a non-recourse basis. This means that the risk of default must be included in the mortgage interest rate.

<h3>What is a mortgage loan?</h3>

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Borrowers must apply for a mortgage through their preferred lender and meet specific criteria, such as credit score requirements and down payments. Mortgage applications are rigorously scrutinized before they reach the closing stage. Mortgage types vary according to the borrower's needs, such as conventional and fixed-rate loans.

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8 0
1 year ago
Step 5 in the marketing plan process is when a firm ______ the outcome of the strategy and implementation process. Multiple choi
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Step 5 in the marketing plan process is when a firm evaluates the outcome of the strategy and implementation process.

<h3>What is the marketing plan process?</h3>

This is the approach that is taken towards meeting the goals of marketing.

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5 0
2 years ago
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