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Feliz [49]
3 years ago
14

When iTunes sells a song or movie, it must record the transaction in accounts. Which accounts might iTunes use when it sells a s

ong for cash?
Business
1 answer:
Kay [80]3 years ago
7 0

Since the actual process of the transaction is instantaneous, and its takes the money directly out of your account, the account they're dealing with is most likely Revenue.

Accounts Receivable is also another option that may come to mind, but remember that in this account, the seller is waiting for payment. Once the responsible party pays the seller, A/R is credited (decreased) and Revenue is debited (increased).

With iTunes (as stated previously), the transaction happens right then and there. We pay cash and iTunes gives us the song/movie/album/etc. Therefore, the only logical answer would be <u>Revenue</u>. In this case, <em>Sales Revenue</em> since we're dealing with a type of retailer and not a service.

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yulyashka [42]

Answer:

B)tie-in sales.

Explanation:

Theses are the options for the question;

A. misrepresentation.

B. tie-in sales.

C. reciprocity.

D. price discrimination.

E. kickbacks

From the question, we are informed about a statement ""I'll let you sell the Harley-Davidson designer clothes only if you'll also sell a new line of clothes designed by Paula Abdul, too."

This statement made by a salesperson to a specialty retailer is potentially an example of tie- sales and may be in violation of the Clayton Act prohibition if the action substantially lessens competition.

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3 years ago
Melanie fitzpatrick is an american expatriate assigned to england. during a business meeting in london with important local cust
melisa1 [442]
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4 years ago
A property that produces a first year NOI of $80,000 is purchased for $750,000. The NOI is expected stay constant through year 5
PIT_PIT [208]

Answer: $115998

Explanation:

Based on the information given, we can calculate the NOI from the 6th year which will be:

= $80,000 × (100% + 15%)

= $80,000 × 115%

= $80,000 × 1.15

= $92,000

Therefore, the net present value of the property based on the 10-year holding period and a discount rate of 9.5% will be:

= 80000(PVAF, 5 year) + 92000[PVAF,(10-5),9.5%] + 830000/(1.095)10-750000

= (80000 × 3.839) + (92000 × 2.439) + (830000 × 0.403) - 750000

= 307120 + 224388 + 334490 - 750000

= 865998 - 750000

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Therefore, the net present value is $115998

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3 years ago
All of the following statements are correct when referring to process costing except: _______
Nesterboy [21]

Answer:

The answer your looking for is option A - Process costing would be appropriate for a jeweler who makes custom jewelry to order.

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