All categories

3 years ago

Which of the following is considered to be unearned revenue?

Business

1 answer:

KIM [24]3 years ago

3 0

Answer: Concert tickets sold for next month's performance

Explanation:

Unearned revenue is the payment received by a business for services yet to be rendered or product that has not yet been delivered to the customer. Therefore, the tickets sold for next month performance is a good example of an unearned revenue.

You might be interested in

Creative Canopies (CC) is a manufacturer of flexible canopies for athletic facilities. CC has contracts with 3 universities to i

ElenaW [278]

Answer:

Creative Canopies (CC)

With gross profits of $10,000, the least profitable is:

B. UCLA

Explanation:

a) Maintenance Costs of Canopies:

Support Activity Driver Cost per Driver Unit

Major refinishes: Hours on jobs $55

Minor touchups: Number of visits $400

Communication: Number of calls $25

b) Customer Data:

University Hours major Visits minor Calls=

USD 100 7 12

USC 90 5 15

UCLA 120 6 9

c) Calculation of the Cost of Canopy Maintenance for each customer:

University Hours Major Minor Major Minor Commun- Total

Visits Calls Refinishes Touchups ication

USD 100 7 12 $5,500 $2,800 $300 $8,600

USC 90 5 15 $4,950 $2,000 $375 $7,325

UCLA 120 6 9 $6,600 $2,400 $225 $9,225

d) Calculation of net income from each customer:

University Gross Profit Maintenance Cost Net Income

USD $10,000 $8,600 $1,600

USC $10,000 $7,325 $2,675

UCLA $10,000 $9,225 $775

8 0

3 years ago

Sophia is an architect and she is trying to decide whether to hire Jacob, a draftsman, to assist with her work. Sophia could hir

Brrunno [24]

Answer:

b. Jacob should be hired at the $20 per hour wage rate

<u>Options</u>

a. Sophia should do the drafting work herself because she has the lower opportunity cost

b. Jacob should be hired at the $20 per hour wage rate

c. Sophia should not hire Jacob because it would be faster for her to do the work herself

d. Jacob should be hired, but only if he is paid more than $30 per hour

Explanation:

Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars

Thus, making convinient to hire it as there is a profit of 30 dollars.

We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.

4 0

3 years ago

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 80,000 uni

Mariana [72]

Answer: Option (c) is correct.

Explanation:

Given that,

Beginning work in process = 20,000 units and 70% completed

So, Units transferred = 20,000 × 30%

= 6,000

Direct transferred = 80,000 units

Ending work in process = 10,000 × 40%

= 4,000

Therefore,

Units were transferred out of the process in June:

= Beginning WIP transferred + Direct transferred + Ending work in process

= 6,000 + 80,000 + 4,000

= 90,000 units

3 0

2 years ago

Some cafes that sell espresso drinks teach their employees wrist and arm relaxation exercises because the repetitive motions req

marta [7]

Answer: Risk prevention

Explanation: In simple words, risk prevention refers to a risk management strategy in which an organisation takes some actions or conduct different activities to minimize or diminish the potential harm that may or may not occur in the future.

Usually the problems for which such strategy is used, have high probability of happening, thus, companies prefers to take disciplinary actions in advance rather than corrective actions in future.

In the given case, the cafes knows that their employees could get injured due to repetitive motions thus they were conducting exercises for relaxation.

Hence we can conclude that they are doing risk prevention.

5 0

3 years ago

The definition of inventory includes which of the following items? (Select all that apply.) a) items used currently in the produ

Yanka [14]

Answer:

Items a) and b)

a) items used currently in the production of goods to be sold items

b) held for resale items currently in production for future

Explanation:

Inventory consists of current assets to be used in production of final goods or are the ones which are final goods and held for sale.

In the given case also, statement a includes raw materials, which are used to make the final good to be sold, which is a part of inventory.

Further, statement b includes work in production or final goods which are currently in production but would be resold.

The items which are kept for their use as like machinery or furniture or which shall be disposed are not inventory but are in fixed assets category.

3 0

3 years ago