Answer:
C. Unearned revenue would be debited for $700.
E. Service revenue would be credited for $700.
Explanation:
As we recieve the payment in-advance we take the obligation to perform our duties with the customer.
Therefore it is unearned revenue (liability)
at year-end there is a portion which is still unearned by the amount of 300 dollars Hence, the difference was earned: 1,000 - 300 = 700
we will decrease our liability against the customer and recognize the revenue by crediting service revenue.
Answer:
The price of baseball bats (a complementary good) increased
If the price of a complementary good increases, this would result in a decrease in demand for baseballs.
Explanation:
Answer:
c. Share of customer
Explanation:
Share of customer is the percentage which a company gets from the customer when he/she continually purchase the products. it helps in retaining customer which helps in customer relationship management and can help marketers increase the percentage which they get from the customer.
The amount that it should budget for total expenses is: $456,103.
<h3>Budgeted total expense</h3>
Using this formula
Total expenses=(Yearly sales×38%)+ (Yearly sales×24%)
Let plug in the formula
Total expenses=$279,547+$176,556
Total expenses=$456,103
Therefore the correct option is A.
Learn more about total expenses here:brainly.com/question/25317819
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<u>Answer:</u>
The amount of cash that will be received by Montana is $37000.
<u>Explanation:</u><u> </u>
Minden Mel Montana
Profit sharing ratio 30% 40% 30%
Balances 27000 -12000 43000
Deficiency distrubuted -6000 12000 -6000
Cash received by partners 21000 0 37000
Minden and Montana have to contribute in their
profit sharing ratio (30% and 30%), i.e., equally.
Therefore, the amount of cash that will be received by Montana is $37000.