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zzz [600]
3 years ago
14

Derby company sells season passes to its entertainment center. the passes sell for​ $75 each and are good for the year. on janua

ry​ 1, derby sells​ 3,000 passes and received cash. refer to derby company. the amount of revenue to be recognized each month is​ ________.
Business
1 answer:
Basile [38]3 years ago
6 0
<span>18750 Explanation: As per Revenue Recognition Principle, one of the principles is the amount of revenue can be reasonably measured, that means the revenue earned should be measurable. Another principle is costs of earning the revenue can be reasonably measured. Therefore, the revenues and costs should both be reasonably measurable. In the above case, both revenue and cost are measurable. In the above case, the passes are sold in advance because the passes are good for one year, that means the customers paid the money in advance for the whole year on January 1. Advance payments are generally considered as current liabilities in company's balance sheet and the revenue will be recognized with time as the services will be provided. So, in this case, the total revenue is 75 x 3000 = 225, 000 (whole year), Per month revenue will be 225,000/12 = 18,750 .</span>
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Technical skills are the ability to Multiple choice question. perform tasks such as filing tax forms or assembling a keyboard tr
lara [203]

Answer:

perform tasks such as filing tax forms or assembling a keyboard

Explanation:

Technical skills are the capabilities that could permits you for performing the specific physical kind of task. Like if the people who worked in various fields such as maths, computer science, mechanics so they could be worked because of the technical skills they have

So basically here the task could be formed it can be any kind of task like filling the taxation return or its forms, or assembling the keyboard etc

Therefore the first option is correct

4 0
3 years ago
Denials can occur as a result of errors that occur at various points in the revenue cycle. Identify at least one error that can
wolverine [178]

Answer:

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Explanation:

3 0
2 years ago
Suppose the actual price for good a is $20. john is willing to pay $30, susie is willing to pay $28, joseph is willing to pay $2
victus00 [196]

Answer: Total consumer surplus is $27

We calculate Consumer Surplus as follows:

Consumer Surplus = Amount consumer is willing to pay - Price of the product

We calculate Consumer Surplus for each person

Person                 Price Willing      Actual Price               Consumer Surplus

John                          30                      20                      30 - 20 = 10        

Susie                         28                      20                      28 - 20 = 08

Joseph                      25                      20                      25 - 20 = 05

Jessica                      23                     20                        23 - 20 = 03

<u>Jeremy                      21                      20                        21 - 20 = 01 </u>

<u>Total   Consumer Surplus                                                                27         </u>

7 0
4 years ago
In the aggregate expenditures model if aggregate expenditures equal 800 billion and real GDP equals 600 there is a______________
Llana [10]

Answer:

unplanned inventory accumulation equals -$200 billion.

Explanation:

As we know that

Unplanned inventory equals to

= Real GDP - aggregate expenditures

= 600 billion - 800 billion

= -$200 billion

It shows a difference between the real GDP and the aggregate expenditure

Since the real GDP is less than the aggregate expenditure, so the unplanned inventory should come in negative amount else it comes in a positive amount

4 0
4 years ago
LO 3.4Explain what a sales mix is and how changes in the sales mix affect the break-even point.
Ghella [55]

Explanation:

We can define the sales mix as the proportion of products sold in a company. A calculation is made to establish the proportion of sales of a particular product and how profitable it is for a company. The calculation is performed according to the productive capacity of the company and the need of consumers for a given product.

By knowing the sales mix, you can determine the breakeven point, which corresponds to the point at which total cost and total revenue are equal.

When there is a change in the sales mix, it significantly affects the breakeven point because different products have different expenses, contribution margins, and selling price, so any change in the sales ratio of a given product will impact the breakeven point.

7 0
3 years ago
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