These transaction will affect the adjustments at the end of the period by:
- Decrease Unearned Revenue
Since the gift cards was redeemed during the month which means that Unearned Revenue will have to be decreased by the costs of gift cards that was redeemed during the month.
Calculated as:
Unearned Revenue=$5,600-$3,200
Unearned Revenue=$2,400 decrease
Since the gift cards was redeemed during the month which means that will have increased Sales revenue by the costs of of gift cards that was redeemed during the month.
Calculated as:
Sales revenue=$5,600+$3,200
Sales revenue=$8,800 Increase
Inconclusion These transaction will affect the adjustments at the end of the period by:
- Decrease Unearned Revenue
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Answer:
perfect competitor
Explanation:
Given:
Firm's total revenue when 10 units are sold = $100
Firm's total revenue when 11 units are sold = $110
Average Revenue = 
or
Average Revenue = 
= $10
and,
the marginal revenue = $110 - $100 = $10
Since,
the average revenue and the marginal revenue for the firm is equal,
therefore, the is a perfect competitor
Answer:
Spending variance $100 unfavorable
Explanation:
The spending variance is the difference between the standard cost allowed for the actual activity and the actual cost of the activity
$
Standard cost allowed for the actual activity
=7,850 + (402×203) + (952×112)= 196,080
Actual cost <u>196,180</u>
Spending variance <u> 100</u> unfavorable
In monopolistic competition, what effect do price variations generally have on the market as a whole?
It's no effect.
Answer:
$60,500
Explanation:
The cost of the land to be recorded consist of the cost of the land itself and other associated cost with the purchase.
The amount realized as income in the process is deducted from the cost.
Cost of land
= $50,000 + $5,000 + $4,000 + $2,000 - $500
= $60,500
