Answer:
c. Debit Cash, credit Unearned Revenue.
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,000,000
To Unearned Revenue A/c $2,000,000
(Being advance cash is received)
For selling the advance tickets, we debited the cash account as cash is received and credited the unearned revenue because the service is not performed. It is recorded as a liability
Hence, the most appropriate option is c.
Therefore, all other options are wrong
Answer:
The answer is A
Explanation:
To start with;
Contribution margin per unit = selling price($29) - variable cost($21)
$29 - $21
= $8 per book...
So break even sales =fixed cost(expense) / contribution margin.
Break even sales is 44,000 units and contribution margin is $8.
Therefore, fixed cost or expenses=
Break even sales x contribution margin
44,000 x $8
=$352,000
<span>It is a good idea to walk around the outside of the car and look at its bumpers, doors, roof and look for scratches and dents. We often are looking at the whole thing and not breaking it down into small groups. Look at the underneath. Is it rusty? Clean? Inspect the interior, not just it's gadgets. How are the seats? How does it smell? Does it look well cared for or just cleaned up? Open the hood. Look at the engine. Is there oil everywhere? Does it look overall clean for its age? You don't have to know everything about cars, looking at how a car has been cared for can say alot about what it's gone through in its previous life.</span>
<span>The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved. </span>
Answer:
B, a license
Explanation:
A license is an official permit issued by a person or body in authority to do, own or use a thing. A license could be granted as a sign of agreement between parties on a particular thing.
From the question, Elsa gave Gina license to use her farm land as a camp for one night. After one night, the license expires.
I hope this helps.