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1 year ago

A traveler needs to _____________ only when upon returning from an international trip.

1 answer:

7 0

A traveler needs to<u> show a form of</u><u> government identification</u> only when upon returning from an international trip.

US ID cards are usually local state-issued driver's licenses or ID cards, but social security cards (or just social security numbers) and US passport cards also serve as national ID cards.

A valid government-issued ID must include a photo, current address, signature, and a unique number or barcode associated with the individual (driver's license, passport number, etc.). ID) When submitting Form DS-11 in the following cases: 18 years or older. parent or legal guardian

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The negative effect of innovative ride-sharing services, such as Uber and Lyft, on traditional taxi cab companies is an example

blsea [12.9K]

Creative destruction; People have always used taxis to go around town, but now services like uber, lyft, etc. are replacing them, creating a creative destruction as the negative effect of innovative ride-sharing services.

What is creative destruction?

The process of continuous product and process innovation in which new production units replace outmoded ones is known as "creative destruction." Major areas of macroeconomic performance are affected by this restructuring process, including long-term growth, economic volatility, structural change, and the operation of factor markets. Nearly the long term, the creative destruction process is responsible for over 50% of productivity increase. Recessions cost more than upturns do when restructuring declines as it does at business cycle frequency. Inhibitors to the creative destruction process include have negative macroeconomic effects both immediately and in the future.

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3 0

1 year ago

Craig's collected $15,000 from customers for games played in july. craig's sold bowling merchandise inventory from its pro shop

tekilochka [14]

Answer:

cash 15,000 debit

account receivables 15,000 credit

cash 3,000 debit

A/R 5,000 debit

service revenue 8,000 credit

COGS 6,800 debit

Merchandise 6,800 credit

Cash 4,000 debit

A/R 4,000 credit

Cash 2,500 debit

*unearned revenue 2,500 credit

**utilties payable 800 debit

cash 800 credit

salaries expense 3,500 debit

cash 3,500 debit

***prepaid expene 375 debit

prepaid insurance 1,125 debit

cash 1,500 credit

repairs expense 700 debit

cash 700 credit

utilities expense 900 debit

utilities payable 900 credit

Explanation:

We will record following the debit = credit rule

* It will be considered unearned revenue as we didn'0t perform the services we have the obligation to do so therefore, it is a liability.

**as the expense was recorded previously a payable was created to recognize the obligation to pay our utilities. Therefore, we write-off the payable

*** 1,500 is the full contract value for 4 months:

1,500 / 4 = 375 per month

one most is declared as expense and the remainder as prepaid.

7 0

3 years ago

In its first year of operations, Crane Company recognized $29,500 in service revenue, $6,100 of which was on account and still o

Montano1993 [528]

Answer: See explanation

Explanation:

1. Calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.

The first year's net earnings under the cash basis of accounting will be:

Service revenue = $23400

Less: Expenses = $14310

Net income = $9090

The first year's net earnings under the accrual basis of accounting will be:

Service revenue = $29500

Less: Expenses = $15500

Net income = $14000

2. Which basis of accounting (cash or accrual) provides more useful information for decision-makers?

It should be noted that the accrual basis of accounting gives decision makers more useful information. This is due to the fact that the decision makers will probably want to know the revenue and the expenses that were incurred for a particular period and every other necessary details.

8 0

2 years ago

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be

faust18 [17]

Answer:

Best estimate for inventory =$70,764.85

Explanation:

The closing inventory value at retail

= (Opening inventory + Purchases - sales) all in retail prices

= $123,000 + $483,000 - 493,000.

= 113000

Closing inventory value at cost

=113,000 × (64,500 + 315,000)/(123,000 + $483,000)

=70,764.85

Best estimate for inventory =$70,764.85

4 0

3 years ago

Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 220,000 shares outstanding, and its debt-to-ass

stellarik [79]

Answer: Option (c) is correct.

Explanation:

Given that,

EPS = $3.50

Book value per share = $22.75

Shares outstanding = 220,000

Debt-to-assets ratio = 46%

Total Equity (Book Value) = Book value per share × Shares outstanding

= $22.75 × 220,000

= $5,005,000

Total Assets = $\frac{Total\ Equity}{1 - Debt\ to\ assets\ ratio}$

= $\frac{5,005,000}{1 - 0.46}$

= $9,268,518.52

Debt outstanding = Total Assets - Total Equity

= $9,268,518.52 - $5,005,000

= $4,263,518.52

= $4,263,519 (approx)

5 0

2 years ago