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3 years ago

When membership in an organization allows for a reduction in the price of museum tickets, it is an example of a

Business

1 answer:

gogolik [260]3 years ago

5 0

Answer:

Material benefit

Explanation:

Material benefit from being part of an organisation includes money, consideration, gift or other benefit that a person gains as a result being in an organisation.

The organisation makes a promise to give something not value to the beneficiary.

This fosters a sense of belonging for members and greater loyalty.

An example of material benefit are a reduction in price of museum tickets, discounts in purchases from select retailers, discount in hotel reservation, and so on.

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What does Trump want to do with outer space? this is a cx debate question I'm desperate!!!!

Advocard [28]

He wants to put all mexians in space

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3 years ago

King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya

dangina [55]

Answer:

Dr Bonds payable 1,600,000

Dr Loss on redemption of bonds 36,800

Cr Cash 1,632,000

Cr Discount on bonds payable 4,800

Explanation:

Loss/gain on redemption of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss

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3 years ago

Carow Corporation purchased on January 1, 2020, as a held-to-maturity investment, $60,000 of the 8%, 5-year bonds of Harrison, I

tigry1 [53]

Answer:

Entries are given below

Explanation:

Requirement A.

On January 1, 2020 Carrow purchased held to maturity investment, $60,000 of the 8% 5year bonds of Harrison, Inc for $65,118

Entry DEBIT CREDIT

Held-to-maturity securities $65,118

cash $65,118

Requirement B.

The receipt of semiannual interest and premium amortization

Entry DEBIT CREDIT

cash (60,000 x 8% x 6/12) $2,400

held to maturity sercurities $446

interest revenue(65,118 x.6% x6/12) $1,954

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3 years ago

On January 1, 2016, Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $784,000 cash. At Janua

stiv31 [10]

Answer:

a) Consolidated net income for Phoenix and Sedona for 2018

Phoenix revenues $648,000

-Phoenix expenses ($412,000)

Phoenix Net Income $236,000

2018 Income from Sedona $54,075

Consolidated net income for $290,075

Phoenix and Sedona for 2018

b) Phoenix’s consolidated retained earnings balance at December 31, 2018

Phoenix’s consolidated retained earnings balance at December 31, 2018 = $347,075.00 (same as Phoenix because of equity method use)

c) What amount should Phoenix report for Sedona’s customer list?

Consideration transferred at fair value $784,000

Book value acquired ($548,800)

Excess fair over book value $235,200

To Equipment $95,000

To customer list (4 year life) $140,200

Three years since acquisition of customer list = $140,200/4 years = $35,050. Hence, Phoenix report $35,050 as Sedona’s customer list.

4 0

3 years ago

Select all that apply Benefits of small amounts of inflation include Multiple select question. more expansionary monetary policy

EleoNora [17]

Benefits of small amounts of inflation include more expansionary monetary policy, the placebo effect, and the facilitation of relative price changes.

<h3>What is meant by inflation?</h3>

Inflation is the term used to describe the rate of price rise for goods and services.

It is sometimes used to categorize inflation according to cost-push, demand-pull, and built-in factors.

The two most popular inflation measures are the Consumer Price Index and the Wholesale Price Index.

Inflation can be viewed favorably or badly depending on the perspective and rate of change.

Inflation may be advantageous for those who own tangible assets since it will raise the value of their holdings, such as real estate or goods that are kept in storage.

Inflation's primary causes include:

Consumer-driven inflation
Price-driven inflation
more money available
Devaluation
increasing pay
Regulations and policies

Benefits of Inflation: In order to meet increasing demand, production must increase. Additionally, debtors benefit from inflation because they can return their loans with funds that are less valuable than the funds they borrowed. This promotes borrowing and lending, which boosts expenditure on all levels once more.

To know more about inflation refer to: brainly.com/question/15692461

#SPJ4

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2 years ago