Answer:
The Journal entries are as follows:
(i) On December 18,
Cash A/c Dr. $246,000
To unearned revenue $246,000
(To record the receipt of cash)
(ii) On January 23,
Cash A/c (Bal) Dr. $2,214,000
Unearned revenue A/c Dr. $246,000
To sales $2,460,000
(To record sales revenue)
(iii) On January 23,
Cost of goods sold A/c Dr. $1,460,000
To Inventory $1,460,000
(To record cost of goods sold)
The big difference between the CIO and the Chief Digital Officer is the responsibility for turning IT into a value creator, which is something that the CIO typically doesn’t have in most organizations.
<h3>How to compare the difference?</h3>
The chief digital officer is the leading digital business from the front in a way that most CIOs aren’t. It should be that most CIOs are not trying to think of new markets, new channels, or new business models that the organization should be getting and making that a top priority. .
The CIO is used to operate much larger operations. The Chief Digital Officers are very multidisciplinary, so they have a lot of different experiences, and they're very comfortable talking with marketing and sales in their language.
They’re very good at talking to the product teams in their language and operations in their language, and executives, and so on. And not to the same degree that we see the CIOs that don’t really talk the language of business .
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Answer:
The firm should decrease output, because the market price is $5, which is lower than the marginal cost of producing one more unit of output: $6.
However, the average total cost of producing output in this market is $4, so the firm should only produce up to the point where this cost is still $4, so that it can make a profit of $1 in the market.
Answer:
the extent to which a product is recognized and bought by customers in a particular market.