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
In a small, closed economy, national income (GDP) is $ 400.00 million for the current quarter. Individuals have spent $ 150.00 m
Mashcka [7]

Answer:

The amount spent in this economy in the said quarter is<em> $100,000,000.00</em>

Explanation:

<em>However, in closed economies what it simply means is that there are no exports and imports.</em>

<em />

Investment (I) = business investment plus residential investment plus inventory investment. Government Purchases (G) = general government consumption plus general government investment. Net Exports (NE) = exports minus imports plus net tourism.

∴ to calculate the amount of money spent on this closed economy, I will use the <em>Expenditure Approach formula</em> for GDP and make Investment the subject of the formula which is

GDP formula is used which states that total output/GDP (Y) is equal to Consumption (C) + Investment (I) + Government Spending (G) + Net exports (NX). Where net exports is exports (X) minus imports (M): NX = X – M.

Where:

GDP (Y) = C + I + G + (X-M)

Where:

GDP (Y) = $400,000,000.00

C = $150,000,000.00

I = 0

G = $150,000,000.00

(X-M) = 0

GDP (Y) = C + I + G + (X-M) =

$400,000,000.00 = $150,000,000.00 + (I) + 150,000,000.00 + (X-M)

Making (I) the subject of the Formula

GDP- C -G = I

∴ $400,000,000.00 - $150,000,000.00 - $150,000,000.00 = I

∴ $400,000,000.00 - $300,000,000.00

=<em> $100,000,000.00</em>

<em></em>

The amount spent in this economy in the said quarter

=<em> $100,000,000.00.</em>

<em></em>

<em>Note: </em><em>I did not add the Tax because I used the Expenditure approach method which does not include the tax values while the Income Approach method does include it but excludes Export and Import values.</em>

6 0
3 years ago
How do companies research potential new markets? Choose a global company who has a record of successful new market entry and exp
Contact [7]

Explanation:

Companies search for potential new markets by collecting consumer data to understand their opinions, wants and needs, and then being able to enter a new market with a safe and effective strategy to generate profits and successes. Data collection occurs in the form of primary and secondary research. The primary research takes place directly with the consumer, it can be carried out in the form of focus groups, which is a direct analysis of the market demand researched by the consumer.

As for secondary research, information is received through third parties, such as online sites, trade associations, etc., which give an idea of ​​market behavior.

IKEA in China is an example of a global company that entered a different market in the form of strategic adaptation to meet the needs of the Chinese, through ideas and concepts aimed at this public.

8 0
3 years ago
how goods are produced often affects an entire society. natural resources, we have learned, are limited. while some natural reso
vlada-n [284]

While overuse of fossil fuels will cause pollution, world without them is also difficult. A balance is required.

Explanation:

  • Without fossil fuels vehicle transport for conveyance does not happen, food won't be transported, and thus life may come to standstill. It will take sometimes, centuries for the alternative sources to replace fossil fuels.  
  • Overuse will cause pollution to happen and the fossil fuels getting depleted. We already found that if fossil fuels are not there, world will come to standstill. Therefore, cannot deplete them.
  • Balanced usage, usage with caution, and development of alternative sources are the ways to tackle the problem. These are the implications of the statements.
6 0
3 years ago
Read 2 more answers
Michael mixed three colors of paint and came up with black. this is an example of
rosijanka [135]

<span>Michael mixed three colors of paint and came up with black. this is an example of subtractive color mixing. When you mix together subtractive colors eventually the light is subtracted from them giving off a black color tone. These colors change with the light but can cancel each other out easily. </span>

5 0
3 years ago
Ames Trading Co. has the following products in its ending inventory.
Jobisdone [24]

Answer:

Product                 Qty    Cost     Market      LCM           Result

Mountain Bikes      30     $700    $650       30*650      $19,500

Skateboards           26     $230    $260       26*230      $5,980

Gliders                     12     $870     $830       12*830      $ 9,960

7 0
3 years ago
Other questions:
  • In the past, how have you approached problems that you received with little or inadequate instruction/guidance?
    8·2 answers
  • Lisa Smith decided to start her CPA practice as a professional​ corporation, Smith​ CPA, PC. The corporation purchased an office
    8·1 answer
  • Effective controls relevant to the efficiency of purchases will result in proper evaluation of the time for ordering merchandise
    9·1 answer
  • First City Bank pays 9 percent simple interest on its savings account balances, whereas Second City Bank pays 9 percent interest
    8·1 answer
  • Action Shoes is a company that manufactures shoes. It has a lot of competitors in the market. However, it only builds its streng
    14·1 answer
  • Which description is correct about a tool used by organizations to verify whether or not a staff member has been involved in mal
    11·1 answer
  • A company's planned activity level for next year is expected to be 100,000 machine hours.At this level of activity, the company
    15·1 answer
  • The team act was introduced in congress to explicitly outlaw labor-management committees that do not seek to negotiate collectiv
    10·1 answer
  • What is considered gross proceeds paid to an attorney.
    13·1 answer
  • If the true mean is .9350 with a standard deviation of 0.0090, within what interval will 90 percent of the sample means fall? (r
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!