Answer:
Dr. Cash $2,200
Cr. Unearned revenue $2,200
Explanation:
As the entry fee for the the racing event is received in advance. The event is on December 15 and the entry fee is received earlier to decide the participants of the race. This receipt is not considered as the revenue income until the event held and race is over. The unearned revenue is considered as the liability and recorded in unearned revenue account as action from the tony side is due. as Tony completes action which is the racing event, the revenue will be recorded.
Answer:
$3,400,000
Explanation:
The computation of the credit sales is shown below:
As we know that
Closing balance of accounts receivables = Opening balance of accounts receivables + Credit Sales - Bad debts written off - Cash collected from credit customers
$750,000 = $550,000 + credit sales - $460,000 - $4,060,000
$750,000 = $4,150,000 + credit sales
So, the credit sales is
= $4,150,000 - $750,000
= $3,400,000
Simply we applied the above formula
Answer:
d. The higher the risk, the lower the possible investment.
Explanation:
With regards to speculation, hazard can be characterized as the changeability of return. the contrast between real result and expected result can be called as hazard. In the given model, Sandy think about that there is a positive connection between the likelihood of hazard and returns. for example on the off chance that there is high hazard, the likelihood of getting returns is high. in the event that there is less hazard, the likelihood of getting returns is low.
Right now, likes to go with if the higher the hazard, the lower the potential ventures, in light of the fact that the inconstancy of profits is high. Means the financial specialist could conceivably get the profits, consequently they may like to go with certain and ensured returns than dubious more significant yields. In the region of ventures it is a typical inquiry to all, some may go with higher the hazard the lower the conceivable speculation.
Henceforth, the appropriate response is option D.
In the event that an announcement is there that the higher the hazard, the bigger the potential returns, it doesn't imply that the speculator gets more significant yields with his ventures. the odds are there to get more significant yields simultaneously there are a few issues moreover.
Hello There!
<span>During the selling era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.</span>
Hope This Helps You!
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- Hannah ❤
Answer:
The correct answer is “Pricing below competitors”.
Explanation:
It is given that the organization is operating with a lower cost structure as compared to its competitor and it is also enjoying the economies of scale. Since lower cost structure makes the organization capable to keep the price of its product lower as compared to its competitor. Moreover, the lower price of a commodity will attract new customers. Consequently, its sales volume will increase.
