1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
a_sh-v [17]
3 years ago
12

Mercury Company sells tickets in advance for its weekly productions and records the proceeds as Unearned Revenue. At the end of

each​ month, the company makes an adjusting entry to account for the tickets used during the month​ (ticket revenue.) On March​ 1, the Unearned Revenue account had a credit balance of​ $5,000. During​ March, Mercury sold 500 tickets at​ $40 each, and 450 tickets were used during the month. What is the balance in Unearned Revenue at the end of​ March?
Business
1 answer:
sattari [20]3 years ago
8 0

Answer:I did the calculations and i believe i got it right.

Explanation:

Mercury sold 500 tickets at $40 a piece, okay, still with me, good. Yet, only 450 tickets were used during the month. What that mean is to minus 50 tickets. 50 multiplied by $40 is $2000. 500 multiplied by $40 equals to $20000. $20000 minus $2000 is equaled to $18000. They also had a Unearned Revenue account that had a credit balance of $5000. So, that means they should be in "debt." They should have $-15000. Add $2000, it is equaled to $-13000. So it should be $-13000. If wrong, i'm sorry.

You might be interested in
Cory owns a custom purse-design business. He launched an advertising campaign featuring purses made of environmentally friendly
Dvinal [7]

Answer:

build brand loyalty

Explanation:

Based on the scenario being described within the question it can be said that the Cory's final goal in this scenario is to build brand loyalty. This term refers to when customers decide to purchase a brand's product over other competitor's products due to them having had great purchasing experiences with that company.

8 0
3 years ago
When the Federal Reserve aska for more money to be printed, which of the
dmitriy555 [2]

Answer:

A. The federal Reserve

C. The U.S. Treasury

8 0
3 years ago
Read 2 more answers
Westwick Inc. is an advertising agency. Its employees are allowed to take decisions and work in ways that will help maximize the
Anna35 [415]

Answer:

<em>C) Organizational plurality </em>

Explanation:

Organizational plurality is a working environment in which all representatives are encouraged to collaborate in a way that promotes the gains for the company, clients and themselves.

As with the advertising agency, the employees are given chances to follow their decisions and maximize their experience.

5 0
3 years ago
An economy has a Cobb-Douglas production function:Y=K? (LE) 1-?.The economy has a capital share of a half, a saving rate of 24 p
Nina [5.8K]

Find the attachments sequence wise for complete solution

4 0
3 years ago
What is the rationale for the internal control principle, segregation of duties? select one:
liq [111]
The rationale for internal control principle, segregation of duties is that the work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee. Segregation of Duties is a basic building block of sustainable risk management and internal controls for business. It is based on shared responsibilities of a key process that disperses the critical functions of that process to more than one person or department.
5 0
3 years ago
Other questions:
  • A work center uses kanban containers that hold 200 parts. To produce enough parts to fill a container, 60 minutes of setup plus
    13·1 answer
  • "what is meant by comparative​ statics? explain with an example".
    9·1 answer
  • On December 31, 20X9, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet inform
    12·1 answer
  • To help travelers know what to expect researchers collect the prices of commodities
    9·1 answer
  • A company acquires all of the voting stock of Previn Company, and records the transaction by debiting "Investment in Previn Comp
    7·1 answer
  • Assume the firm’s dividend payment is $0.18, and that the required rate of return for the firm’s industry is 10.1%. What is the
    7·1 answer
  • To be effective issuing and investing in bonds, knowledge of their terminology, characteristics, and features is essential.
    12·1 answer
  • Remote Disposal Company operates a hazardous waste storagefacility. Concerned that there may be a release of chemicals from thes
    13·1 answer
  • In regression​ analysis, the coefficient of​ determination:
    15·1 answer
  • Hilton Company manufactures two products: Product A100 and Product X500. The company currently uses a plantwide overhead rate ba
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!