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Gelneren [198K]
3 years ago
7

What would be the journal entry for each of the listed transactions? For each transaction, how Cedar Fair’s assets, liabilities,

and equity would be impacted by each individual transaction?
Business
1 answer:
nika2105 [10]3 years ago
3 0

Answer:

Following are the transactions and their effects on Cedar's balance sheet

May 1: Sell admission tickets, $100,000, cash

Transaction:

Sell admission ticket- Debit

Cash- Credit

Impact

the sell tickets shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,

May 3: Purchase merchandise inventory, $5,000, on account

Transaction:

Purchase Inventory- Debit

Accounts payable- Credit

Impact

both will result in increasing in current assets and current liabilities.

May 6: Rent lockers to guests, $500, cash

Transaction:

Rent lockers- Debit

Cash- Credit

Impact

the rent lockers shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,

May 15: Pay employees, $75,000, cash

Transaction:

Pay employee- Debit

Cash- Credit

Impact

the Pay employee shall increase the expense and decreasing the reserves and cash will be credited resulting in decreasing the current assets,

May 20: Borrow money from bank by signing a six-month note, $200,000

Transaction:

Cash- Debit

Note Payable- Credit

Impact

both will result in increasing in current assets and current liabilities.

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REI utilises this option in an effort to reduce costs attributed to risk. For customers, this is a powerful tool as they are allowed to try the product, while knowing that if they don't like it then they can return it for a full refund. For REI, it increases customer trust as it allows customers to believe that the product is worth the sales price. It also reduces risk as REI is able to test the product out to actual customers and get a feel for if they like it, and what can be improved if needed.

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3 years ago
Within the domain of logistics management, the customer service concept implies that firms should:
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I had to look for the options and here is my answer:

Within the domain of logistics management, the customer service concept suggests that the firms should simultaneously establish customer service levels and logistic costs in order to achieve the given strategic goals. (The answer is based on the actual options given).
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In the film Islam and America: Through the eyes of Imran Khan, which of the following best describes how average Pakistanis resp
aleksley [76]

Answer: c. They criticized or disparaged the IMF.

Explanation:

In the 2001 film, <em>Islam and America: Through the eyes of Imran Khan</em>, it is shown that the average person in Pakistan know what the IMF is and detests them. They criticized and disparaged the IMF with some reasons given being that;

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Discuss the nature of COIDA​
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Answer:

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Answer:

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