If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the receipt of cash would be journalized as Debit Cash, credit Unearned Revenue.
A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.
Learn more about receipt here
brainly.com/question/9740546
#SPJ4
Answer:
A. Flexible is the correct answer.
Explanation:
Economists, however, identify six major functions of governments in market economies. Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy.
Answer:
$23,740
Explanation:
Given that,
Sales = $103,000
Fixed expenses for the month = $36,000
Contribution margin ratio = 58%
Net operating income:
= (Contribution margin ratio × Sales) - Fixed expenses for the month
= (0.58 × $103,000) - $36,000
= $59,740 - $36,000
= $23,740
Therefore, the best estimate of the company's net operating income in a month when sales are $103,000 is $23,740.
The total costs = Total variable costs + Total fixed costs
Given,
Average variable costs = $ 40
Average fixed cost = $ 10
Tablets produced during the year = 250
Total variable cost = Average variable costs × Tablets produced during the year
Total variable cost = 250 tablets × $ 40 = 10,000
Total fixed cost = Average fixed costs × Tablets produced during the year
Total fixed cost = 250 tablets × $ 10 = $ 2,500
Total costs = Total variable cost + Total fixed cost
Total costs = $ 10,000 + $ 2,500 = $ 12,500
