The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...
Answer:
Journal Entry
Explanation:
1. There are two obligations in this contract
a. keyboard
b. Customer option for future discount
2. Cash Dr, $69,700
To Deferred revenue - keyboard $66,215
To Deferred revenue - discount coupon $3,485
(Being cash is recorded)
Working note:-
Keyboards = 4,100 × $19
= $77,900
Option = $41,000 × (0.25 - 0.05) × 0.50
= $4,100
Allocation
For keyboard
= $77,900 ÷ ($77,900 + 4,100)
= 0.95
Deferred revenue Keyboard = $69,700 × 0.95
= $66,215
Option = 4,100 ÷ ($77,900 + 4,100)
= 0.05
Deferred revenue - discount coupon = $69,700 × 0.05
= $3,485
3. Cash Dr, $69,700
To Deferred revenue Keyboard $69,700
(Being cash is recorded)
The answer to this question is <span>Continent Convergent Boundary
</span><span>Continent Convergent Boundary refers to the boundary where two tectonic plates experiencing active deformation.
The friction and other type of force made by these plates often caused the land to wend upwards and forming the mountains that we see today.</span>
Explanation:
The business market is constantly changing, currently we are dealing with a technological revolution that directly affects the lives of people and companies. The market is increasingly competitive and globalized, so adapting to new processes and innovations with regard to technology, administrative practices and communication are essential when it comes to managing companies.
A good leader must understand that currently companies are increasingly responsible for their micro and macro environment, which configures them as active agents for positive change in the world. Therefore, the ideal is that managers consider adopting current practices that use modern communication and intelligence systems to make work easier and more agile, in addition to promoting continuous improvement in all organizational processes, avoiding waste and negative impacts on the environment, establishing social programs and environmental protection practices, in order to attest its value to stakeholders.
It is also necessary that the company be ethical with its employees, respect the individual values of each with regard to culture, gender, etc., promoting an environment and organizational culture focused on inclusion and respect for differences.
The ideal is also to have an assertive leadership, where the leader is the personal incentive agent, adopting positive attitudes about its collaborators and helping in the personal and professional development, generating an innovative, ethical and positive environment.
