The journal entry is as follows
Unearned ticket revenue Dr $33,700
To Ticket revenue $33,700
(Being the unearned ticked revenue is recorded)
The computation is shown below:
= Number of seasons sold × Price of six events ÷ number of events held
= 3,370 × $60 ÷ 6
= 3,370 × $10
= $33,700
So we debited the unearned ticket revenue and credited the ticket revenue
The strategy an organization employs to manage its operations across several industries and several markets simultaneously is called Corporate-level strategy.
<h3>What is the
Corporate-level strategy?</h3>
A corporate-level strategy is a decision made to achieve a competitive and strategic advantage by selecting and managing a diverse set of firms that compete in a variety of sectors or product marketplaces.
- A business organization is a business environment where business activities take place.
The three levels of strategy utilized in a business organization are:
- Business level strategy
- Functional level strategy
- Corporate level strategy
Therefore, we can conclude that the Corporate-level strategy is the strategy that an organization employs to manage its operations across several industries.
Learn more about the Corporate-level strategy here:
brainly.com/question/24845876
Managers use the POWER of their position to influence employees' decisions and actions.
Answer:
Identify whether each of the following events in this scenario occurs in the resource market or the product market.Event - Resource Market - /Product Market
1. Cho spends $10 to buy a box of aspirin.
Purchase of goods In the product market. Cho(families) purchase from a Firm
2. Bob spends $225 to purchase medical services from the Medical Clinic.
Purchase of services In the product market. Bob(families) purchase from a Firm
3. Cho earns $600 per week working for the Medical Clinic
Resource market. Families offer their labor to firm in exchange of cash
Inflow from a firm into households:
a. The $225 per week Bob earns working for Pillmart Pharmacy
c. The aspirin Cho receives The firm provide with output
Explanation:
A flow of goods or dollars from the firm (Medical Clinic) into the household:
would be either the services and good the clinic offers or the amount paid to the household for rent, wages and interest in return of the factor of production
The lender is bearing the risk on defaulting the loan
