Answer:
The correct answer is letter "B": equity multiplier.
Explanation:
The Equity Multiplier is a simple proportion used to calculate the financial leverage of the company. <em>The Equity Multiplier ratio is calculated by dividing the total assets by total equity</em>. When the company purchases major assets it can fund such acquisitions through debt or stock issuance. A high Equity Multiplier indicates that the company used more debt than equity to finance its purchases of assets.
Answer: Corporate Social Responsibility
Explanation:
The corporate social responsibility is one of the type business model that supporting the various types applications which is ethically oriented and it also manage all the functions in an organization.
The main objective of the corporate social responsibility is that it helps in boost the morale of an employee and also helps in increase productivity of the company.
According to the given question, the shoes firm TOMS denote the shoes to the needy children and this is one of the example of the corporate social responsibility in an organization.
Therefore, Corporate Social Responsibility is the correct answer.
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
