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3 years ago

The following questions practice these skills:

Business

1 answer:

Nostrana [21]3 years ago

4 0

Answer:

a. If all 307 registered fishermen were to be employed by hotels (in addition to the 3,409 people already working in hotels), how many hotel stays could Bermuda produce?

since the opportunity cost is constant, then if all 307 fishermen decided to become hotel workers, then the total number of hotel stays would be (286 tons of fish x 2,000 stays per ton) + 538,000 stays = 1,110,000 stays

b. If all 3,409 hotel employees were to become fishermen (in addition to the 307 fishermen already working in the fishing industry), how many metric tons of fish could Bermuda produce?

total number of fish caught = (538,000 stays / 2,000 tons per stay) + 286 tons of fish = 555 tons of fish caught

c. attached graph

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Specific data such as age, income, family size, and occupation, used for marketing purposes, is called A. demographics. B. the t

kirill [66]

Answer:

A. demographics

Explanation:

"Demographics" refers to the groups that people can be separated in to based on different factors such as those listed (age, income, family size, occupation, etc).

3 0

3 years ago

The ledger of Shamrock, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.

romanna [79]

Answer and Explanation:

The adjusting entries are as follows:

1 Insurance expense Dr $310

To Prepaid Insurance $310

(Being insurance expense is recorded)

2 Supplies expense Dr $1,650 ($2,610 - $960)

To Supplies $1,650

(Being supplies expense is recorded)

3 Depreciation expense Dr $150

To Accumulated Depreciation - Equipment $150

(Being depreciation expense is recorded)

4 Unearned service revenue Dr (two-fifth of $12,000) $4,800

To Service Revenue $4,800

(Being service revenue is recorded)

3 0

2 years ago

McKinnon Enterprises owns a professional ice hockey team, the Rockford Penguins. The company sells season tickets for its upcomi

lesantik [10]

Answer:

$320,000

Explanation:

Since the season starts in January and lasts until June, by April 30 the balance of the deferred revenue (or unearned revenue account) would be = $960,000 - {($960,000 / 6) x 4} = $960,000 - $640,000 = $320,000

The journal entries should be:

Accumulated tickets until December 31

Dr Cash 960,000

Cr Deferred (Unearned) revenue 960,000

By April 30th, the adjusting entry should be:

Dr Deferred (Unearned) revenue 640,000

Cr Ticket revenue 640,000

7 0

3 years ago

On January 1, Noonan Company purchases equipment for $100,000. The equipment is expected to have a useful life of 5 years and wi

PtichkaEL [24]

Answer:

$20,000

Explanation:

Since the cost is allocated equally, the depreciation expense on the purchased equipment will be calculated as:

= <u>Cost of equipment- Scrap value</u>

Useful life

= <u>$100,000 - $0</u>

5 years

= $20,000

Based on the above, the depreciation expense for the year that must be recognized by Noonan Company is $20,000.

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3 years ago

Fatimah has been hired for the post of a secretary at Mauve Corp. The company conducts a routine background check based on the i

WINSTONCH [101]

Answer:

The correct answer is C) negligent hiring .

Explanation:

In the United States, negligent hiring is a type of lawsuit made by an injured party against an employer, based on the theory that the employer knew or should know the background of their employee. Background checks (of all kinds, physical and especially criminal and drug use) are some of the ways in which companies prevent themselves from this type of lawsuit.

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2 years ago