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Gre4nikov [31]
3 years ago
5

Pemco Enterprises sells annual membership to its shooting lodge. The memberships cost $240 each. On January 1, Pemco sold 2,000

memberships and received cash. Refer to Pemco Enterprises. How much revenue should Pemco recognize on January 1?
A. $40,000
B. $240,000
C. $480,000
D. $0
Business
1 answer:
jenyasd209 [6]3 years ago
5 0

Answer:

Option C. $480,000

Explanation:

The reason is that the consideration (Services of memberships which has monetary value) of the contract to deliver the subscribers has been delivered by the Pemco Enterprise which was active their member account and let them enjoy the services which they provide so the sales would be the amount that the company is legally entitled to receive after delivering the consideration of the contract and is $480,000 ($260 * 2000 memberships).

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3 0
3 years ago
ncreased government spending spurs a short-run expansion. Over time, aggregate supply eventually __________, returning the econo
Natasha2012 [34]

If increased government spending spurs a short-run expansion. The statement that complete the gap is:<u> Shifts to the left</u>, <u>Output endresources.</u>

<h3>What is aggregate supply?</h3>

Aggregate supply can be defined as the overall amount of goods and service  that a firm intend to produce and supply at a point in  time or at a particular period of time.

If an increase in government spending lead to short run expansion this means that there will be shift in  aggregate supply of goods and service as aggregate supply will tend to shift to the left.


Therefore the statement that complete the gap is:<u> Shifts to the left</u>, <u>Output endresources.</u>

Learn more about aggregate supply here:brainly.com/question/19802257

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7 0
1 year ago
Which of the following government actions would increase the supply of cars in the United States?a. the establishment of an exci
yaroslaw [1]
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5 0
3 years ago
Evaluate the following​ statement: ​"Saving money is not lending. How can it​ be? When I save my​ money, I put it in a bank. I​
salantis [7]

Answer:

The correct answer is option C.

Explanation:

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That is why the statement about saving and lending given in the question is incorrect.

3 0
2 years ago
Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 244 million barrels of oi
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Answer:

Explanation:

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4 0
3 years ago
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