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Darina [25.2K]
3 years ago
13

Tony decides to hold the company’s first adventure race on December 15. Four-person teams will race from checkpoint to checkpoin

t using a combination of mountain biking, kayaking, orienteering, trail running, and rock-climbing skills. The first team in each category to complete all checkpoints in order wins. The entry fee for each team is $550. Record the appropriate journal entry.
Business
1 answer:
coldgirl [10]3 years ago
7 0

Answer:

Dr. Cash                             $2,200

Cr. Unearned revenue     $2,200

Explanation:

As the entry fee for the the racing event is received in advance. The event is on December 15 and the entry fee is received earlier to decide the participants of the race. This receipt is not considered as the revenue income until the event held and race is over. The unearned revenue is considered as the liability and recorded in unearned revenue account as action from the tony side is due. as Tony completes action which is the racing event, the revenue will be recorded.

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Due to economies of scale, average costs decline as:
Mkey [24]

Answer:

As production increases

Explanation:

  • Economies of scales is characteristic of certain business in which the average cost (the cost of every produced unit of an specific good or service, which equals total cost divided by all units produced) declines as the amount of the product increases.
  • This happens for example, in business that have a high cost of initial investment and low operating cost. Because of the initial investment, the average cost of the first units (which is the result of dividing total cost into all the units that have been produced until that moment), is relatively high because there is a high investment divided into relatively few units of production. This cost decreases while product increases because the cost of investment is distributed into more units, and the operating cost do not increase cost substantially.
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3 years ago
Montana Mining Co. (MMC) paid $200 million for the right to explore and extract rare metals from land owned by the state of Mont
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Answer:

b.  $14.7 million

Explanation:

In order to compute the asset retirement obligation, first we have to compute the expected cash flows which are shown below:

= Cash outflows × probability + Cash outflows × probability

= $10 million × 60% + $30 million × 40%

= $6 million + $12 million

= $18 million

Now the asset retirement obligation would be

= (Expected cash flows) ÷ (1 + interest rate)^ number of years

= ($18 million) ÷ (1 + 0.07)^3 years

=  ($18 million) ÷ 1.225043

= $14.7 million

3 0
3 years ago
Halpert Hardware Pros, an American retail store, buys most of its inventory from Asian countries. Halpert Hardware Pros would be
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Answer: rose

Explanation: In the given case, Halpert hardware imports from asian countries,that is, they are on the buying side of the transaction. Therefore, if the value of dollar rises in relation to the currencies of countries from which halpert buys than they will be able to purchase more quantity with the same amount of dollars.

8 0
3 years ago
Making sure all channels work together when a company sells through additional channels beyond the web is: A) brand engagement.
elena-14-01-66 [18.8K]

Answer:

The correct answer is c. channel integration.

Explanation:

Producers and intermediaries act together to obtain mutual benefits. Sometimes the channels are organized through agreements; There are others that are organized and controlled on the initiative of a single director that can be an agent, a manufacturer, a wholesaler or a retailer. This director can establish policies for it and coordinate the creation of the marketing mix.

The links of a channel can be combined horizontally and vertically under the administration of a channel leader. The combination can stabilize supplies, reduce costs and increase coordination of channel members.

Vertical integration of the channels: Two or more stages of the channel are combined under one direction. This results in the purchase of the operations of a channel link or the performance of the operations of this link to carry out the functions.

This integration includes the control of all functions from manufacturing to the final consumer.

Horizontal integration of the channels: It consists of combining institutions at the same level of operations under a single administration. An example will be department stores. This integration provides significant savings in advertising specialists, market research, purchases, etc. And it can be carried out by an organization by merging with other organizations or by increasing the number of units

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3 years ago
With regard to understanding the evolution of cooperation, the principal prediction that can be made from the expression br >
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3 years ago
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