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photoshop1234 [79]
3 years ago
8

. Unique Games, a not-for-profit entity organized to provide athletic competition opportunities for high school students, utiliz

es a number of volunteers in carrying out its mission. At the 2018 Games 50 volunteers provided a total of 1000 hours of service performing tasks such as picking up litter and delivering water to the athletes. A local CPA firm donates its services to prepare the annual tax return and other federal and state required paperwork which must be filed to maintain its status as a tax-exempt organization. During 2018 the CPA firm provided 60 hours of service. If purchased, the CPA services would have cost $60 per hour and the game workers would have cost $6 per hour. How much contributed service revenue should Simplex Games recognize in 2018? A. $6,000. B. $3,600. C. $3,000. D. $0
Business
1 answer:
eimsori [14]3 years ago
8 0

Answer:

The answer is $0.

Explanation:

Contributed service revenue or contributed revenue can be defined as the service or goods received with no payment or any other kind of exchange.

So in this question, the work from the volunteers and the film from CPA can be all accounted for contributed service revenue.

If we calculate them;

  • The movie costs $60 per hour so at 60 hours, it would cost $3600.
  • The 50 volunteers worked a total of 1000 hours, at $6 per hour, the total cost is $6000.

But since Unique Games are a non-profit entity, the amount they should recognize as contributed service revenue is $0.

I hope this answer helps.

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About 13 to 16 guests out of every 100 are purposefully out to scam us and get something for free.
Oxana [17]

Answer:

Find attached complete question with the multiple choices:

The correct answer is false

Explanation:

The statement implies that in an hospitality business,13% to 16% of the guests checked in, in order to be served for free.

Hospitality business sector prouds itself in having clients that have taste and want value for money,this is evident in their ability to make payments for hotel reservations prior to arrival,as a result ,it would be out of place to say 13% to 16% of such individuals want free service.

Everyone knows that such luxury of service comes at a premium price,it is not in anyway similar to buying a course online where to some extent you enjoy a free service(freemium) and expected to pay for any service above the minimum.

All in all,hospitality is pay as you go.

Download xlsx
7 0
3 years ago
a car is purchased for $43,000. each year it loses 25% of its value. after how many years will the car be worth $9200 or less? (
Snowcat [4.5K]

After a car is purchased at $43000 and looses 25% worth every year then the car will be worth $9200 or less after four(4) years.

What does Purchase mean?

Purchase is a term used to refer to the acquisition of goods or services in exchange for money. It is a common business transaction and can involve buying something outright or entering into an agreement to pay for it over time.

What does Services mean?

Services is a broad term that refers to any type of work or activity performed to meet the needs of a customer. Services can range from professional services like accounting or consulting to tangible products like food or clothing. Services are typically intangible in the sense that they cannot be touched, felt, or seen, but the benefits they provide are very real.

As per the price of the car which is $43,000  and it looses 25% each year which is $10750. From this we come to know that the car will  be worth of $9200 or less within 4 years.

To know more about Purchase,

brainly.com/question/27975123

#SPJ4

5 0
1 year ago
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
zhuklara [117]

Answer:

taxes and no money management

Explanation:

some comes out of taxes and you do not know what to do with so much money

5 0
2 years ago
_______ is a type of a multinational corporation that centralizes its management and other decisions in the home country.
liq [111]

Answer: Global Company

Explanation:

<u>A Global Company</u> is a type of multinational corporation that centralizes its management and other decisions in the home country.

None of these answers are correct. However, I will assume you accidentally wrote "global economy" instead of "global company" because global company is actually the answer.

7 0
1 year ago
Suppose that the supply function for honey is p=​S(q)=0.4q+2.8​, where p is the price in dollars for an 8​-oz container and q is
Ivanshal [37]

Answer:

The demand function is p= (-2.1)*q + 15.3

Explanation:

The supply function for honey is p=​S(q)=0.4*q+2.8​, where p is the price in dollars for an 8​-oz container and q is the quantity in barrels. The equilibrium price is ​$4.80. So, the equilibrium quantity is:

4.80=0.4*q+2.8​

Solving:

4.80 - 2.8=0.4*q

2=0.4*q

2÷0.4= q

5=q

The demand​ function, assuming it is linear, is p=​m*q+b

The equilibrium quantity is 5 barrels and the equilibrium price is ​$4.80; and the demand is 4 barrels when the price is ​$6.90. So:

\left \{ {{4.80=m*5+b} \atop {6.90=m*4+b}} \right.

Isolating the variable "b" from the first equation, you get:

4.80 - m*5= b

Replacing the previous expression in the second equation you get:

6.90=m*4 + 4.80 - m*5

6.90 - 4.80=m*4 - m*5

2.1= (-1)*m

2.1÷(-1)= m

-2.1=m

Replacing the value of "m" in the expression 4.80 - m*5= b you get:

4.80 - (-2.1)*5= b

Solving you get:

15.3= b

So, <u><em>the demand function is p= (-2.1)*q + 15.3</em></u>

3 0
3 years ago
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