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Sav [38]
3 years ago
6

Summer leasing received $11,400 for 24 months rent in advance. how should summer record this transaction?

Business
1 answer:
lesantik [10]3 years ago
6 0
Since Summer Leasing received funds in advance, they should record the transaction as Debit Cash for the $11,400 and credit Unearned Revenue. Though they received the cash it is technically unearned revenue because they have not provided the service just yet to earn the money. Once the rent has been used, the money will leave unearned revenue and move to revenue. 
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DiKsa [7]

Answer:

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Explanation:

This answer is correct because Chris is a traffic planner – thus he merely designs the traffic flow, he does not create it, thus making answer (D) incorrect. Though (B) is true, it doesn’t relate to Chris’ career, making it false as well. As for (C), the answer is not correct because Chris doesn’t design the maps of the state, he only designs the traffic flow.

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2 years ago
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Suppose tickets for a regular seat at Super Bowl XXXVII cost just $500 when bought at face value (the cost at the box office). S
kakasveta [241]

Answer:

e. The monetary price paid to obtain the ticket.

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3 years ago
Multiple choice!
kodGreya [7K]

Answer:

Spillover cost.

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Spillover cost refers to those costs or changes in the value of a certain good that are caused by issues external to the intrinsic characteristics of said good. Thus, for example, external influences such as limitations on oil extraction or the development of electric cars can generate a massive drop in the prices of conventional gasoline cars. Another clear example of this situation is the one described in the question, where a negative change in a certain neighborhood can lower the prices of the houses found there.

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determines the level of interactions and responsibilities associated with employees and managers.

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