Answer:
Cash Debit $ 220
Subscriptions received in advance Credit $ 220
Explanation:
The most appropriate journal entry would be by debiting cash with $ 220 since cash has been received.
The credit account would be Subscriptions received in advance since the magazines have to be delivered in 2018 and the revenue has not been earned at the time of collections. This would be classified in the balance sheet under current liabilities.
Answer:
He will sell 600 pizzas per week if he cuts the price by 10%.
Explanation:
Price Elasticity of demand measure the responsiveness of demand to change in the price of a product. It calculates the ratio of change in demand and change in price.
Price elasticity of demand = % change in demand / % change in price
-2 = % change in demand / 10%
% Change in in demand = -2 x 10%
% Change in in demand = -20%
Following the law of demand as price decreases the demand of the product increases. So the sale of Pizzas will be increased by 20%.
Current Sale of Pizzas = 500 pizzas
Increase in sales = 500 x 20% = 100 pizzas
Increased sale = 500 + 100 = 600 pizzas
A checking account is important to keep the money for easy withdrawals through usually an Automated Teller Machine, or ATM
<h3>What is Accounting?</h3>
This refers to the record-keeping of financial records with the aim of keeping track of the finances of a business or corporation.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
Read more about accounting here:
brainly.com/question/26243955
Answer:
The incremental earnings are $<u>0.4251</u>
Explanation:
All those costs that are incremental costs that arise on the following principal:
"If we take decision, there is a cost and
If there is no decision, there is no cost."
This means that:
Incremental cost = Cash flow due to taking decisions less Cash flows due to not taking decisions
Incremental Earnings Forecast ($ million) ($ million)
Gross Profit of Mini Mochi Munch
Year 1 10.1 * 34% 3.434
Year 2 8.1 * 34% <u>2.754 </u> 6.188
Gross Profit of Other products
Year 1 2.1 * 23% 0.483
Year 2 2.1 * 23% <u> 0.483 </u> 0.966
Advertising cost <u> (</u><u>6.5</u><u>)</u><u> </u>
Net Operating Cash Flow 0.654
Tax at the rate 35% <u>(0.2289)</u>
Net Cash flow <u> 0.4251 </u>
Hi, you've asked an unclear question. However, I assume you're referring to levels of college selectivity.
Three levels of selectivity (college selectivity) are:
Most selective
Extremely selective
Very selective
Most selective: Colleges with this level of selectivity are said to accept fewer than 15% of all applicants, examples include, Harvard University, Johns Hopkins University, Stanford University
, Massachusetts Institute of Technology.
Extremely selective: Colleges with this level of selectivity are said to accept fewer than 35% of all applicants. Institutions under this category include Boston University, New York University, Georgia Institute of Technology, etc.
Very selective: The Colleges under this category accept fewer than 50% of all applicants. Examples are George Washington University, Kenyon College, Lafayette College,
North Carolina State University, etc.
These are some of the selectivity levels, you could find more Information from other online resources.
