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:
Ans. C) 208 grandfather clocks to break even
Explanation:
Hi, First, let´s introduce the Break-even point (BEP) in units equation that we need to use.
![BEP=\frac{FixedCosts}{(Price-VarCost)} =[units]](https://tex.z-dn.net/?f=BEP%3D%5Cfrac%7BFixedCosts%7D%7B%28Price-VarCost%29%7D%20%3D%5Bunits%5D)
Therefore, our solution has to look like this:
So, in order to break-even, this company has to sell 208 clocks each year.
Note. 208 was the value obtained when the answer was rounded to the nearest unit.
If you´d like to know how much is that in dollars, you just go ahead and multiply the price by 208 and you will get.
Best of luck.
Answer:
False
Explanation:
In legal proceedings one need to publish that there are the facts that reveal that the circumstances on the factual basis are true.
Mere chances that it might have happen are not conclusive to declare that plaintiff is correct.
Thus, he needs to establish that there were damages caused and not only the possibility that the damages could occur.
In the given instance it assumes that the facts merely if establishes that there could be damages will not let the plaintiff win the case.
Answer: $12.5 million
Explanation:
The best payoff the VC investor can get from the acquisition will be:
From the question, we've two options. The first option using the 2x Liquidation Preference will give a payoff of:
= 2 × $5 million
= $10 million
The second option using 25% of Common Shares will give a payoff of:
= 25% × $50 million
= 0.25 ÷ $50 million.
== $12.5 million
Therefore, the best Payoff is $12.5 Million.
