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Oxana [17]
2 years ago
8

TRUE or FALSE. Big spenders are also known as low yield tourists, because they typically expect air conditioned hotels with Engl

ish-speaking staff and imported food from their home country.
Business
2 answers:
aliina [53]2 years ago
8 0

false 

No, is not true. Everyone is expected to find in his hotel conditioned air with English-speaking staff. And not everyone wants to eat imported food from his country, don't  forget that many people are traveling to try different food.  
Papessa [141]2 years ago
8 0

this is false, high yield

You might be interested in
The average starting salary for graduates at a university is $33,000 with a standard deviation of $2,000. If a histogram of the
maxonik [38]

Answer:

Approximately $37000

Explanation:

A standard normal curve will be used to solve this question since the histogram of the data takes on a mound shape.

The mean salary is $33000 with one standard deviation equalling $2000.

Using the normal curve, 95% of the salary will lie between 2 standard deviation. i.e. $33000+$2000+$2000=$37000

6 0
2 years ago
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Morrow Enterprises Inc., with balan
algol13

Answer:

Morrow Enterprises Inc.

A. January 1 balances in T-accounts:

                                         Common Stock

                                                Jan. 1     Balance b/d        $7,500,000

                                        Additional Paid-in Capital -Common Stock

                                                Jan. 1     Balance b/d        $825,000

                                        Retained Earnings

                                                Jan. 1     Balance b/d        $33,600,000

                                        Treasury Stock

Jan. 1  Balance b/d $450,000

B1. Journal entries to record the transactions:

Jan. 22

Debit Dividends Payable $28,000

Credit Cash Account $28,000

To record payment of $0.08 dividends per share.

April 10

Debit Cash Account $1,800,000

Credit Common Stock $1,500,000

Credit Additional Paid-in Capital $300,000

To record the issue of 75,000 shares for $24 per share.

June 6

Debit Cash Account $650,000

Credit Treasury Stock $450,000

Credit Additional Paid-in Capital $200,000

To record reissue of 25,000 shares of treasury stock at $26 per share and close the Treasury Stock balance to Additional Paid-in Capital.

July 5

Debit Stock Dividends $450,000

Credit Dividends Payable $450,000

To record the declaration of the 4% stock dividend on 450,000 shares of common stock.

August 15

Debit Dividends Payable $450,000

Credit Common Stock $360,000

Credit Additional Paid-in Capital $90,000

To record the  issue of a 4% stock dividend certificates on 450,000 shares at $25

Nov. 23

Debit Treasury Stock $570,000

Credit Cash Account $570,000

To record the purchase of 30,000 shares of treasury stock for $19 per share.

Dec. 28

Debit Dividends $42,000

Credit Dividends Payable $42,000

To record the declaration of a $0.10 per share dividend on 420,000 shares of common stock.

Dec. 31

Debit Income Summary Account $1,125,000

Credit Retained Earnings $1,125,000

To close the credit balance of the income summary.

Dec. 31

Debit Retained Earnings $492,000

Credit Stock Dividends $450,000

Credit Dividends $42,000

To close the two dividends accounts.

B2) Posting to the selected accounts:

                                        Common Stock

Dec. 31 Balance c/d  $9,360,000 Jan. 1    Balance b/d         $7,500,000

                                                        Apr. 10  Balance b/d         $1,500,000

                                   <u>                   </u>  Aug 15  Dividend Payable  <u>$360,000</u>

                                  <u>$9,360,000 </u>                                          <u>$9,360,000</u>

                                                        Jan. 1 Balance b/d           $9,360,000

                                        Additional Paid-in Capital -Common Stock

Dec. 31 Balance c/d $1,415,000 Jan. 1   Balance b/d               $825,000

                                                   Apr. 10     Balance b/d            $300,000

                                                   Jun. 6   Treasury Stock         $200,000

                                <u>                 </u>  Aug 15  Dividend Payable      <u> $90,000</u>

                               <u> $1,415,000</u>                                               <u>$1,415,000</u>

                                                   Jan. 1 Balance b/d                $1,415,000

                                        Retained Earnings

Dec. 31 Stock Dividends   $450,000 Jan. 1    Balance b/d       $33,600,000

Dec. 31 Dividends               $42,000 Dec. 31  Income Summary $1,125,000

Dec. 31 Balance c/d     <u>$34,233,000</u>                                          <u>                     </u>

                                    <u>$34,725,000</u>                                          <u>$34,725,000</u>

                                                           Jan. 1 Balance b/d           $34,233,000

                                        Treasury Stock

Jan. 1      Balance b/d $450,000  Jun. 6 Cash                          $450,000

Nov. 23  Cash            <u>$570,000</u>   Dec. 31 Balance c/d             <u>$570,000</u>

                                <u>$1,020,000</u>                                               <u>$1,020,000</u>

Jan. 1   Balance b/d   $570,000

                                        Dividends Payable

Jan. 22  Cash                    $28,000  Jan. 1 Balance b/d             $28,000

Aug. 15 Common Stock $360,000   Jul. 5 Stock Dividends   $450,000

Aug. 15 Additional Paid-in$90,000   Dec. 23 Cash Dividends $42,000

Dec. 31 Balance c/d          <u>$42,000</u>                                           <u>                </u>

                                       <u>$520,000</u>                                          <u>$520,000</u>

                                                           Jan. 1 Balance b/d           $42,000

                                        Stock Dividends

Jul. 5 Dividends Payable $450,000 Dec. 31 Retained Earnings $450,000

                                      Cash Dividends

Dec. 28 Dividends Payable $42,000 Dec. 31 Retained Earnings $42,000

 

                                       Income Summary Account

Dec. 31  Retained Earnings $1,125,000 Dec. 31 Balance b/d   $1,125,000

C. Retained Earnings Statment for the year ended December 31, 2016:

Beginning Balance     $33,600,000

Income Summary           $1,125,000

Stock Dividends             ($450,000)

Cash Dividends               ($42,000)

Ending Balance         $34,233,000

Explanation:

a)                                       Cash Account                                                            

Apr. 10   Common Stock  $1,500,000 Jan. 22  Dividends Payable$28,000

April 10  Additional Paid-in $300,000  Nov. 23 Treasury Stock   $570,000

Jun. 6    Treasury Stock     $450,000  

Jun. 6    Additional Paid-in $200,000

6 0
3 years ago
Rent expense in Volusia Company's 2016 income statement is $420,000. If Prepaid Rent was $70,000 at December 31, 2015, and is $9
d1i1m1o1n [39]

Answer:

$445,000

Explanation:

The rent in Volusian company income statement for 2016 is $420,000

The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016

Therefore the cash paid for rent in 2016 can be calculated as follows

= $420,000+($95,000-$70,000)

= $420,000 + $25,000

= $445,000

5 0
2 years ago
Using a particular software program at an expert level, compilation of an accounting statement, and writing advertising copy are
Eddi Din [679]

Answer: The answer is "A" Technical skills.

Explanation: The technical skills refer to the skills which are handy and are needed to make the job which would otherwise hard to perform to be more easily performed. This skills also explain how a person can design and formulate models or programs for a long task to be performed at a shorter period of time. This is why that case described in the question is best referred to as technical skills. Professional skills at the other hand involve the professional coordination of the activities of an organization. The answer is therefore "A" technical skills.

5 0
3 years ago
You are the general manager of a firm that manufactures personal computers. Due to a soft economy, demand for PCs has dropped 50
bekas [8.4K]

Answer:

Yes I would

Explanation:

We have these costs

Variable cost:

Materials = 600 dollars for each of component.

Labour is at a rate of 150 dollars each

For fixed cost depreciation = 300 dollars

Now we have to calculate the average variable cost

Cost of production of 1 pc + labour price of 1

= 600 + 150

AVC = 750

The sales price for each of the 10000 pc = 800 dollars

Now we can see that price p is greater than or equal to avc. 800 >=750

So the I have to accept to produce these pcs at the rate of 800 for 1 pc.

800-750 = 50

50x10000 = $500000 from the sale of the 10000 pcs

4 0
2 years ago
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