Answer:
a. Total revenue received:
= 4,500 * 140
= $630,000
Date Account Title Debit Credit
XX-XX-XXXX Cash $630,000
Unearned revenue $630,000
Revenue is unearned because the games have not been played yet therefore Blue Spruce University has not provided the service for which it was paid and has not earned the revenue.
b. The revenue per game is:
= 630,000 / 12 games
= $52,500
Date Account Title Debit Credit
XX-XX-XXXX Unearned Revenue $52,500
Revenue - Ticket Sales $52,500
The answer is option B. The main challenge of career planning in changing times is that you need to revise your plans often.
The world we live in is dynamic. New inventions, new technology, new methods of doing things always come up with time.
Because of this, when making a career plan, one must be fully aware that the process is not static. That is, changes would occur and as such, you have to revise your plans often so that it is in line with what is obtainable at the time.
<em>Read more on career planning here: brainly.com/question/6457203?referrer=searchResults</em>
Answer:
Y=38.8
Y will increase by 38.8
Y=246+38.8
Y=284.8
Explanation:
Y=A. F(K, L)
Y=A. K^0.3, L^0.7
Then
Y=246
A=1
K=2000
N or L=100
Solutions
200=1(2000^0.3, 100^0.7)
Now the question says both k & N are increased by 0.20
Therefore
Y=1(2400^0.3, 120^0.7)
Y=1(10.3 + 28.5)
Y=38.8
Answer:
$18,117.58
Explanation:
the question requires that we find the minimum price Hank would need to receive his first car.
loan = $28,000
rate = 0.08/12 = 0.0067
the monthly payment can be calculated as:
loan /[0.0067/1-(1/(0.0067)^60))]
= 28000/[1-1/(1.0067^60)/0.0067]
= 28000/(1-(1/1.0067)^60)/0.0067
= $567.74
The minimum price can be calculated as:
pmt = 567.74 x [(1-(1/1.0067^36))/0.0067) x 0.0067
= $18,117.58
