Carson company sells sporting tickets in advance of the event for $500,000. The journal entry to record and the sale transaction would include cash and credit unearned.
Account Debit Credit
Cash $500,000
Credit Unearned Ticket Revenue $500,000
Unearned revenue or credit is money received by an individual or company for a service or product that has yet to be provided or delivered. This includes the thought of as a prepayment for goods or services that a person or company is expected to supply to the purchaser at a later date.
Hence, Carson company sells sporting tickets where the debit cash $500,000 and credit unearned ticket revenue is $500,000
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Answer:
Direct material price variance= $13,800 unfavorable
Explanation:
Giving the following information:
Simpleton, Inc. budgeted a material cost of $10 per lb.
Actual:
2,300 lbs at $16 per lb.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
<u></u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (10 - 16)*2,300
Direct material price variance= $13,800 unfavorable
<u>Explanation:</u>
Note that<em> call options</em> are simply contracts or tradable assests that gives owners the right to buy the stock at a certain price. While <em>a financial manager</em> is someone task with managing the assets of an investor in a company.
Knowledge of call options will allow the financial manager to sucessfully work with stocks, warrants (recently issued shares of stock), and convertible securities (such as debts been replaced with common stocks).
Answer:
you should look at the texture of the vegetable and its color!
moreover, be concerned about when you will cook them, if you are gonna cook them next week, buy them next week and not today!
see if they are organic and if the producers have put on any chemicals!
moreover, look at the packaging and if it is up to the standards!
Explanation:
