Carson company sells sporting tickets in advance of the event for $500,000. The journal entry to record and the sale transaction would include cash and credit unearned.
Account Debit Credit
Cash $500,000
Credit Unearned Ticket Revenue $500,000
Unearned revenue or credit is money received by an individual or company for a service or product that has yet to be provided or delivered. This includes the thought of as a prepayment for goods or services that a person or company is expected to supply to the purchaser at a later date.
Hence, Carson company sells sporting tickets where the debit cash $500,000 and credit unearned ticket revenue is $500,000
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Answer:
Management by exception.
Explanation: It is a management style in business that focuses only on dealing with cases that are beyond the norm or exceptional, It is a good strategy in project management.
The main purpose of this management style is to bring to the notice of the management only important situations that shows variation to the business out.
Advantages of Management by exception.
• It help employees to adopt their own approach to achieve results thereby serving as a motivation to them.
• It helps the management to make good use of their time.
Answer:
The contrast in GDP per capital growth relative to productivity growth between the two countries and the effect of compounding decrease
Explanation:
Solution
The GDP growth rate relative productive growth was one of the prime factors of total growth during the late 20th century.
The more technological investment, the higher was the productivity together with compounding could have played a vital role.
By compounding it refers to the reinvestment with the aid of established generated revenue. this implies that capital is used to its fullest thus increasing productivity. thus maybe the country with Low GDP per capital might have experienced a decrease, then compounding further abetting a downturn in the GDP growth rate.
Prepaid tuition is just what it says - prepaid, however a college savings plan helps you space out how to pay for college as you earn and go to school.
Answer: 25.22%
Explanation:
Given that,
Annual revenue = $134,000
Annual expenses = $76,000
Oil well cost = $449,000
Salvage value = $11,000
Annual net income = Annual revenue - Annual expenses
= $134,000 - $76,000
= $58000
Average Investment = 
= $230000
Annual rate of return = 
= 25.22%
