To be considered a "free enterprise" economy, an economy must have free markets and what else?

Coronado University sells 5,900 season basketball tickets at $210 each for its 12-game home schedule.

katen-ka-za [31]

Answer:

Explanation:

The journal entries are shown below:

a. Cash A/c Dr $1,239,000 (5,900 seasons × $210)

To Unearned basket ball tickets revenue $1,239,000

(Being the sale of the season tickets are recorded)

b. Unearned basket ball tickets revenue $103,250 ($1,239,000 ÷ 12)

To basket ball tickets revenue $103,250

(Being the revenue recognized)

7 0

3 years ago

Suggest and critically discuss a model that helps managers to decide to adopt an offensive or defensive route. Support your answ

Artist 52 [7]

Answer:

Please find the complete question in the attached file.

Explanation:

In order to study the impact on five forces and thereby decipher an offensive or defense strategy to stay competitive and maintained, management must employ a prototyping approach as Porters 5 Headed framework. Samsung, for example, should adopt a great combination because of its subsequent globalization.

Providers' bargaining power — In this industry, several companies offer low-cost services, which indicates the suppliers have much less bargaining energy.

Consumers' trading strength - Since Hyundai either works in a totally competitive environment or an oligopolistic marketplace across the globe.

The threat of new entries – The risk is significantly greater because new entries from low-cost China carriers can eat Samsung share since they are tax- and licensing-friendly.

The danger of competing among established businesses - That's also relatively significant because profits are thin and innovative developments are continually making the industry as a whole and tough.

Barriers to business – The biggest barriers are an initial investment, high marketing, and distribution expenses, and constant innovation.

6 0

2 years ago

Paulina believed that the new hires in her department were lazy for failing to make use of the company's expert software system,

Andrei [34K]

If the new hires had not been adequately trained to make use of the system. This is an example of fundamental attribution bias.

<h3>What is fundamental attribution bias?</h3>

Fundamental attribution bias can be defined as the way in which a person judge another person without considering the situation factors.

Based on the giveing scenario Paulina is using fundamental attribution bias on the new employ by ignoring the reason why the new hire did not use the company's expert software system.

Therefore this is an example of fundamental attribution bias.

Learn more about fundamental attribution bias here:brainly.com/question/17109470

8 0

1 year ago

Harlose Suits owns more equipment than required for manufacturing goods during periods of regular demand in order to tackle sudd

alex41 [277]

Answer:

Harlose Suits owns more equipment than required for manufacturing goods during periods of regular demand in order to tackle sudden demand surges. It also has a certain reserve of produced goods to tackle material shortages. In this case, the reserve of equipment and produced goods are examples of <u>the</u> <u>capacity cushion</u>.

Explanation:

The capacity cushion is the amount of reserve capacity that a business keeps to manage sudden increases of demand or momentarily losses of production capacity.

5 0

3 years ago

Sadar Company operates a store with two departments: videos and music. Information about those departments follows. Videos Depar

worty [1.4K]

Answer:

Sadar Company

1. Departmental Contribution and Net Income:

Videos Department Music Department

Sales $370,500 279,500

Cost of goods sold 320,000 175,000

Contribution $ 50,500 104,500

Direct expenses:

Salaries 35,000 25,000

Maintenance 12,000 10,000

Utilities 5,000 4,500

Insurance 4,200 3,700

Indirect expenses:

Advertising 8,550 6,450

Salaries 16,200 10,400

Office expenses 2,000 1,200

Total expenses: $82,950 61,250

Net Income (Loss) $(133,450) 43,250

2. Video Department should be eliminated from the profit point of view. Its indirect costs of $26,750 can be absorbed by the Music Department.

Explanation:

a) Data and Calculations:

Videos Department Music Department

Sales $370,500 279500

Cost of goods sold 320000 175000

Direct expenses:

Salaries 35,000 25000

Maintenance 12000 10000

Utilities 5000 4500

Insurance 4200 3700

Indirect expenses:

Advertising 8,550 6,450

Salaries 16,200 10,400

Office expenses 2,000 1,200

Indirect Costs:

Advertising 15000 Sales

Salaries 27000 Number of employees

Office expenses 3,200 Square footage

Department Square footage Number of employees

Videos 5,000 3

Music 3,000 2

Indirect Costs Allocation:

Videos Department Music Department

Sales $370,500 279,500

Advertising 15000 8,550 6,450

Sales

Salaries 27000 16,200 10,400

Number of employees

Office expenses 3,200 2,000 1,200

Square footage

4 0

2 years ago