Answer:
Separate financial statement are adjusted and prepared for parents and subsidiaries.
Explanation:
Answer:
Yield management pricing
Explanation:
Yield management pricing is the charging of different prices for a given set of capacity at a specific time in order to maximize revenue. This is based on the demand and supply in the market and is very common in industries such as airlines, hotels and resorts. When there is very high demand for airline seats, prices for them are high. However, if some of those passengers decided to refund their tickets, close to departure and the flight would be taking off soon, instead of flying with empty seats and no revenue from them, the airline would decide to sell these same seats at a cheaper rate in order to gain some revenue. This is a form of revenue maximization.
Answer:
- The adjustment causes an increase in an asset account and an increase in a revenue account.
- Accounts receivable is usually increased when accruing revenues.
- They refer to revenues that are earned in a period, but have not been received and are unrecorded.
- They refer to earnings which have been earned but not yet billed.
Explanation:
Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.
When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.
<h3>Answer;</h3>
- Other banks
- U.S. government
- Foreign countries
<h3><u>Explanation;</u></h3>
- <em><u>The Federal bank is the central bank in the United States. It acts as a bank for other banks and provides financial services to depository institutions such as banks, credit unions, and savings and loans.</u></em>
- This central bank of the united states was created by the congress to provide the country with safer, more flexible and more stable monetary and financial system.
- The reserve offers banking services to other banks, U.S. governments, credit unions and also foreign countries.
