1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tatuchka [14]
1 year ago
11

If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the reciept of cash would be journal

ized as:_____.
Business
1 answer:
Andru [333]1 year ago
7 0

If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the receipt of cash would be journalized as  Debit Cash, credit Unearned Revenue.

A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.

Learn more about receipt here

brainly.com/question/9740546

#SPJ4

You might be interested in
The Short-run Aggregate supply (AS) slopes up, because _______________________________________, firms have an incentive to produ
QveST [7]

Answer:

2. as the price level for outputs rises, with the price of inputs remaining fixed

Explanation:

In the short run, the aggregate supply curve slopes upwards because the price of goods and services, or in other words, the price of the ouputs that firms produce, is expected to rise, incentivizing firms to produce more.

On the other hand, the price of inputs, and especially, the price of labor (wages) will remain the same in the short-run because wages are sticky, and do not respond to market forces as quickly as the price of goods and services.

Therefore, if what the firm sells is increasing in price, but the labor it hires continues to have the same wage, the firm has even more incentive to produce more, because it will make a higher profit due to the difference between sales revenue and wage expenses.

6 0
2 years ago
Critics of the wealth gap might argue that
LenKa [72]

Answer:

the upper classes cannot help create new jobs.

20 and lower don't have that type of money

5 0
2 years ago
Read 2 more answers
A $1,000 par bond with a semi-annual coupon and 12 years to maturity is currently priced $880 and has a yield to maturity of 5.3
jok3333 [9.3K]

Answer:

Annual Coupon rate = 0.040005 or 4.0005% rounded off to 4.00%

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = C

Total periods (n) = 12 * 2 = 24

r or YTM = 0.0537 * 6/12 = 0.02685 or 2.685%%

The formula to calculate the price of the bonds today is attached.

We will first calculate the value of semi coupon payment  made by the bond.

880 = C * [( 1 - (1+0.02685)^-24) / 0.02685]  + 1000 / (1+0.02685)^24

880 = C * 17.52482779  +  529.4583737

880 -  529.4583737  =  C * 17.52482779

350.5416263 / 17.52482779 = C

C = 20.0025718 rounded off to 20.00

 

The annual coupon payment will be = 20.0025718  * 2 = 40.00514361 rounded off to 40.01

Annual Coupon rate = 40.00514361  / 1000 = 0.040005 or 4.0005% rounded off to 4.00%

5 0
2 years ago
The Willie Company has provided the following information: Operating expenses were $345,000; Income from operations was $415,000
drek231 [11]

Answer:

net income = $199,000

Explanation:

In order to calculate net income, we will first start with EBIT or income from operations and then subtract income tax expense, loss from sale of investments and finally income taxes:

  • EBIT = $415,000
  • Interest expense = $71,000
  • Loss from sale of investments = $87,000
  • Income tax expense = $58,000
  • Net income = $199,000

6 0
2 years ago
Barcain Credit Corp. wants to earn an effective annual return (EAR) on its consumer loans of 16 percent per year. If the bank us
Schach [20]

Answer:

14.84%

Explanation:

Effective annual return (EAR) = (1 + ( r / m) ^m -1

APR = m (( 1 + EAR) ^( 1/m) - 1)

where m = 365 since it is compounded daily

APR = 365 (( 1 + 0.16) ^( 1/365) - 1) = 14.84%

4 0
3 years ago
Read 2 more answers
Other questions:
  • Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below. Raw
    12·1 answer
  • Which of these employee's primary duty is to see that the shop is run efficiently and that customers are satisfied with the serv
    13·2 answers
  • Techup inc., a manufacturer of computer chips, hires an external specialist agency to perform background checks of its new emplo
    7·1 answer
  • The Joint Task Force (JTF) commander cannot dictate cooperation among other governmental agencies, intergovernmental organizatio
    9·1 answer
  • ABC furniture company makes chairs and desks from two resources-labor and wood. The company has 90 hours of labor and 40 feet of
    11·1 answer
  • A new mall will be constructed in a large city. Why are business owners most likely viewing a topography map before construction
    5·1 answer
  • Without taxes, the market price per bag of apples is $5. with a $2 tax per bag of apples, buyers now pay $5.75 per bag. what is
    5·1 answer
  • If the price elasticity of supply is 0.6, and a price increase led to a 3.7 percent increase in quantity supplied, then the pric
    12·1 answer
  • To test the validity of a selection test for advanced widget designers, Apptastic administers the test to its current widget des
    10·1 answer
  • Wally is employed as an executive with Pay More Incorporated. To entice Wally to work for Pay More, the corporation loaned him $
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!