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anastassius [24]
3 years ago
8

The eau claire mad cows is a professional hockey team. the regular ticket price for games is $10. however, anyone with a driver'

s license that shows their address is in la crosse can buy a ticket for $5. this is an example of what kind of price discrimination
Business
1 answer:
sergey [27]3 years ago
8 0
<span>This type of price discrimination is group pricing. The people who live in la crosse are all members of the same group, a town. In addition, everyone that is part of the group is getting the same rate. That is why it is group pricing.</span>
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Each month a company can rent capital for $7.500 per unit and can hire workers for $2.500 each Currently me company is using 4 u
Sophie [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
if china’s economy maintains a 7% annual growth rate over the next 20 years, about how large will its economy be in 20 years if
grin007 [14]

Answer:

If an economy grows at 7% per year, it will take 70 / 7 = 10 years for the size of that economy to double, and so on.

3 0
2 years ago
Expenses recognition Sun Microsystems uses the accrual basis of accounting and recognizes revenue at the Lime it sells goods or
s2008m [1.1K]

Answer:

Sun Microsystems

Amount of Expenses to recognize during the months of June, July, and August in each of the following transactions:

a. Rent Expense = $30,000

b. Utility Expense = $4,650

c. Supplies Expense = $9,700

d. Property Taxes = $1,800

e. No expense is recognized.

f. Salary Expense = $4,500

g. Advertising Expense = $6,600

Explanation:

Data and Calculations:

a. Rent Expense = $180,000/12 * 2 = $30,000 Rent Prepaid $150,000

b. Utility Expense $4,560

c. Supplies Expense $9,700 ($12,600 - $2,900)

d. Property Taxes = $7,200 *3/12 = $1,800

e. No expense is recognized for the advance payment for delivery van.

f. Salary Expense $4,500

g. Advertising Expense $6,600

4 0
2 years ago
Pierce currently has $10,000. What was the value of his money five years ago if he has earned 5 percent interest each year?. . .
Vladimir [108]
Amount = $10000
Let us assume the principal = x
Amount of interest = 5%
Time = 5 years
Then
x (1 + i)^t = 10000
x(1 + 0.05)^5 = 10000
x(1.05)^5 = 10000
1.28x = 10000
x = 10000/1.276281
   = 7835.26
From the above deduction, it can be easily concluded that the correct option among all the options that are given in the question is the second option or option "B".
5 0
3 years ago
Read 2 more answers
On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances:
Anna11 [10]

Answer:

TNT Fireworks

a. Multiple-step Income Statement for the period ended January 31, 2021:

Sales revenue                         $220,000

Cost of goods sold                     115,000

Gross profit                              $105,000

Interest Revenue                                50

Expenses:

Depreciation exp.      3,600

Salaries expense    62,400

Utilities expense     16,500

Bad debt expense   5,900      $88,400

Income before tax                   $16,650

Income taxes exp                        9,000

Net income                                $7,650

Beginning Retained Earnings  50,000

Ending Retained earnings     $57,650

b. Classified Balance Sheet as of January 31, 2021:

Assets

Current assets:

Cash                              $5,400

Accounts Receivable 223,000

Allowance for

Uncollectible Accounts (8,100)

Interest Receivable             50

Inventory                        4,200    $224,550

Long-term assets

Notes Receivable (5%,

due in 2 years)           12,000

Land                          155,000

Equipment                  19,500

Depreciation               (3,600)     $182,900

Total assets                                $407,450

Liabilities and equity

Current liabilities:

Accounts Payable                        $88,200

Salaries payable                            32,600

Income taxes payable                     9,000

Total liabilities                            $129,800

Equity:

Common Stock                        $220,000

Retained Earnings                        57,650

Total equity                              $277,650

Total liabilities and equity       $407,450

c. Closing Entries:

Accounts                       Debit      Credit

Sales revenue        $220,000

Interest Revenue               50

Income summary                     $220,050

To close sales and interest revenue to the income summary.

Income Summary  $212,400

Cost of goods sold                   $115,000

Depreciation exp.                          3,600

Salaries expense                        62,400

Utilities expense                         16,500

Bad debt expense                       5,900

Income taxes exp                        9,000

To close cost of goods sold and expenses to the income summary.

Income summary     $7,650

Retained earnings                   $7,650

To close the net income to the retained earnings.

Explanation:

a) Data and Calculations:

Account Balances:

Accounts                       Debit      Credit

Cash                          $58,700

Accounts Receivable 25,000

Allowance for

Uncollectible Accounts             $2,200

Inventory                   36,300

Notes Receivable (5%,

due in 2 years)         12,000

Land                        155,000

Accounts Payable                       14,800

Common Stock                       220,000

Retained Earnings                    50,000

Totals                  $287,000 $287,000

Analysis of Transactions:

January 1 Equipment $19,500  Cash $19,500

January 4 Accounts payable, $9,500 Cash $9,500

January 8 Inventory $82,900 Accounts payable $82,900

January 15 Cash $22,000 Accounts receivable, $22,000

January 19 Salaries expense $29,800 Cash $29,800

January 28 Utilities expense, $16,500 Cash $16,500

January 30 Accounts receivable $220,000 Sales revenue $220,000

Cost goods sold $115,000 Inventory $115,000

Accounts                       Debit      Credit

Cash                          $58,700 - 19,500 -9,500 +22,000 - 29,800 - 16,500

= $5,400

Accounts Receivable 25,000 - 22,000 + 220,000 = 223,000

Interest Receivable           50

Allowance for

Uncollectible Accounts             $2,200 + 5,900 = 8,100

Inventory                   36,300 + 82,900 - 115,000 = 4,200

Notes Receivable (5%,

due in 2 years)         12,000

Land                        155,000

Equipment                19,500

Accumulated depreciation          3,600

Accounts Payable                       14,800 - 9,500 + 82,900 = 88,200

Salaries payable                        32,600

Income Taxes Payable                9,000

Common Stock                       220,000

Retained Earnings                    50,000

Sales revenue                        220,000

Interest Revenue                             50

Cost of goods sold 115,000

Depreciation exp.      3,600

Salaries expense    29,800 + 32,600 = 62,400

Utilities expense     16,500

Bad debt expense   5,900

Income Taxes          9,000  

Totals                  $287,000 $287,000

Adjusting entries:

Depreciation expenses $3,600 Accumulated depreciation $3,600

Allowance for Uncollectible Accounts = $1,500

Allowance for uncollectible accounts = $6,600 ($220,000 * 3%)

Total allowance for uncollectible = $8,100 ($1,500 + $6,600)

Bad debts expense $ 5,900 Allowance for Uncollectible $5,900

Interest Receivable $50 Interest Revenue = $50 ($12,000 * 5% * 1/12)

Salaries Expense $32,600 Salaries payable $32,600

Income Taxes $9,000 Income Taxes Payable $9,000

Adjusted Trial Balance

As of January 31, 2021

Accounts                       Debit      Credit

Cash                              $5,400

Accounts Receivable 223,000

Interest Receivable             50

Allowance for

Uncollectible Accounts               $8,100

Inventory                        4,200

Notes Receivable (5%,

due in 2 years)           12,000

Land                          155,000

Equipment                  19,500

Accumulated depreciation          3,600

Accounts Payable                      88,200

Salaries payable                        32,600

Income taxes payable                 9,000

Common Stock                       220,000

Retained Earnings                    50,000

Sales revenue                        220,000

Interest Revenue                             50

Cost of goods sold 115,000

Depreciation exp.      3,600

Salaries expense    62,400

Utilities expense     16,500

Bad debt expense   5,900

Income taxes exp    9,000

Totals                 $631,550 $631,550

8 0
3 years ago
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