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1 year ago

To maximize income from consumers, distributors time their tentpole theatrical releases according to

1 answer:

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To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.

<h3>What is meant by the maximization of income?</h3>

This can be defined as the capability of a given business or a company to earn the maximum profit that they would need in order to take care of the business in the lowest cost possible. It is the amount of money that is made from the business with the lowest inputs.

Hence we can say that To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.

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On June 1, High Performance Cell Phones sold 19,000 of merchandise to Anthony Trucking Company on account. Anthony fell on hard

Naily [24]

Answer and Explanation:

The Journal entries are shown below:-

1. Anthony Trucking Dr, $19,000

To Sales A/c $19,000

(Being the sales made is recorded)

2. Bank Dr, $5,000

To Anthony Trucking $5,000

(Being cash received is recorded)

3. Wrote off A/c Dr, $14,000

To Anthony Trucking $14,000

(Being Account receivable write off the balance is recorded)

4. Bank Dr, $14,000

To Wrote off $14,000

(Being cash received is recorded)

2. High Performance 's direct write-off approach would face drawbacks because it breaches the matching principle. The matching theory involves be matching the spending of uncollectible accounts with the relevant revenues. Here uncollectible amount is treated as a bad debt expense. The written off amount is treated as uncollectible amount by the customer

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3 years ago

On December 16, Carboy, Incorporated, borrows $120,000 cash from Third National Bank at 9 percent annual interest. The note is d

iren [92.7K]

Since there is an interest due of 450, interest payable becomes debit as the payment is done. The same as for notes payable. Carboy records an adjusting entry at December 31, 2019.

<h3>Journal Entry </h3>

Interest Expense (Debit) 450 (Note - 1)

Interest Payable (Credit) 450

Note - 1: Borrowing - $120,000; Interest Rate = 9%; Maturity date = 45 days.

(Assuming 360 days = 1 year).

Therefore, interest expense = ($120,000*0.09)*(15/360) = $450.

Since the maturity date is 45 days, from December 16 to December 31, it should be 15 days. And the maturity date should be January 30, 2020.

The journal entry to record the interest plus principal paid -

Date Particulars Debit Credit

Jan-30, 2020 Interest Expense 900

Interest payable 450

Notes Payable 120,000

Cash 121,350

The interest expense for this month to be payable = $(120,000*0.09)/12 = $900.

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2 years ago

What is the main determinant of profit

Alexxx [7]

Answer:

The main determinant of profit is in any business is the number of production units.

Hope this helps..

Explanation:

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3 years ago

Marcus and tony work for lombardo's pipe and concrete. mr. lombardo is preparing an estimate for a customer. he knows that maruc

Lana71 [14]

Given <span>that Marucs lays a slab of concrete in 6 hours and Tony lays the same slab in 4 hours. If both work on the job, the number of hours it will take them to lay the slab is given by:

$\frac{1}{t} = \frac{1}{6} + \frac{1}{4} \\ \\ = \frac{2+3}{12} = \frac{5}{12} \\ \\ \Rightarrow t= \frac{12}{5} =2.4\ hours$

Given that </span><span>the cost of labor is $44.00 per hour, t</span>herefore, <span>the labor estimate should be 2.4 </span>x 44 = $105.60 per slab.

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3 years ago

What is the base of Selection Process?

AlladinOne [14]

Answer:b

Explanation:

Because

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