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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.

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Which of the following sentences use correct punctuation?
EastWind [94]

Answer:

B.

Explanation:

Parenthesis are used to add the other content such as references guidelines, although they are not important but some readers tend to verify the argument so to guide them they content is given in parenthesis.

In example a: The information about the page is given by dash which is incorrect to do so.

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In example C: My address is highlight by quoting, and it's not a quote, So, it's incorrect.

4 0
3 years ago
Expansionary monetary policy is usually has real expansionary short-run effects. as prices adjust, the long-run impact of?
denpristay [2]

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Expansionary policy can involve significant costs as well as the risks which includes macroeconomic or microeconomic, and political economy issues.

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4 0
1 year ago
5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital
gizmo_the_mogwai [7]

Answer:

D.

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7 0
3 years ago
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sergey [27]

Answer:

Terminate his employment

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balandron [24]
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