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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

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Money serves as a good store of value except when an economy experiences a period of _____.
Marat540 [252]
Money serves as a good store of value except when an economy experiences a period of INFLATION.
3 0
3 years ago
Culinary Enterprises manufactures cookware sets and sells the sets to department stores. Culinary expects to sell 2 comma 600 co
Juli2301 [7.4K]

Answer:

The Total Budgeted Sales of May is $944,000

Explanation:

Budgeted sales are those sales which a business estimated in a particular period of time. While budgeting the future value company calculated the sales cost and other expenses to minimize the uncertainty and prepare for the future.

As per given data

In May

Budgeted sales Volume = 3,200 cookwares

Budgeted price per unit = $295

Budgeted Sale value = Budgeted Volume x Budgeted Sales price = 3,200 cookwares x $295 = $944,000

Cash Sales  = $944,000 x 25% = $236,000

Credit Sales  = $944,000 x 75% = $708,000

4 0
3 years ago
The Jackson–Timberlake Wardrobe Co. just paid a dividend of $1.60 per share on its stock. The dividends are expected to grow at
Verizon [17]

Answer:

(1)$42.4 (2)$50.50 (3)$85.32

Explanation:

Solution

Given that:

(1) The current stock price is computed below:

Stock price, P0 = D1÷(r-g)

Where

D₁ = the next dividend expected

r = the return required

g = he growth rate

Thus

= $1.60×(1+6%)/(10%-6%)

$42.4

(2) The formula for the stock price in three years  is given below:

Stock price, P3= D4÷(r-g)

Here

D₁ = the next dividend expected

r = the return required

g = he growth rate

= $1.60×[(1+6%)^4]/(10%-6%)

= $50.50

(3) Now we determine the price of the stock in 12 years

P12 = D13÷(r-g)

Here

D₁ = the next dividend expected

r = the return required

g = the growth rate

= $1.60×[(1+6%)^13]/(10%-6%)

= $85.32

6 0
3 years ago
Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes
Feliz [49]

Risle Incorporated is a paper supply company. One of its largest customers is Allende Publishers, a publishing house that makes books. If Risle Incorporated decides to acquire and merge with Allende, the merger is most likely to be called a vertical merger.

<h3>What is vertical merger?</h3>

A vertical merger is the union of businesses that operate at various phases of the production process, such as raw materials, finished goods, and distribution. A merger between a steel manufacturer and an iron ore producer serves as an illustration.

Some characteristics of vertical merger are-

  • A vertical merger is when two or more businesses come together to provide various supply chain services for a single item or service.
  • Most frequently, a merger is implemented to boost business, get more control over the supply chain process, and create synergies.
  • Usually, a manufacturer and a supplier are involved. Contrarily, a competitor in the same industry as the purchasing company is acquired in a horizontal merger.
  • A vertical merger's primary goals are to gain market share, boost productivity, and maximize cost reductions in order to generate larger profits.
  • An example of a vertical merger would be an automaker combining with a parts supplier.
  • A arrangement like that would give the car division better access to parts pricing and increased manufacturing process control.
  • In turn, the components section would be ensured a consistent flow of business.

To know more about vertical merger, here

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3 0
2 years ago
Actively sharing HR metrics and workforce analytics information with managers via email is called ________.
ki77a [65]

The correct option is D.

<h3>What are push operations?</h3>

Push Operations is a cloud-based restaurant labor management platform designed to help HR managers and recruiters automate processes for streamlining payroll, time tracking and task scheduling.

<h3>What is e-mail?</h3>

Electronic mail (e-mail) is a computer-based application for the exchange of messages between users. A worldwide e-mail network allows people to exchange e-mail messages very quickly.

E-mail is the electronic equivalent of a letter, but with advantages in timeliness and flexibility.

I understand that the question you are looking for is :

Actively sharing HR metrics and workforce analytics information with managers via e-mail is called push systems of reporting.

a. benchmarking

b. putting HR metrics and analytics data in context

c. bottom line reports

d. push systems of reporting

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3 0
2 years ago
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