Answer:
(C) Debit Cash, credit Unearned Revenue.
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,000,000
To Unearned revenue A/c $2,000,000
(Being the receipt of cash is recorded)
Since the cash is received so we debited the cash account as it increases the current assets and credited the unearned revenue account as it is a current liability account so the same is to be credited
Answer:
The break-even point measured in sales dollars is $8
Answer:
B. Top Management
Explanation:
As Ming is a manager for a large food service company. She has the authority to determine whether or not the company should expand into new regions and/or expand the company's product line. She is working at the Top Management level. Top level manager are responsible for making the vision and mission of the organization and then generating and developing strategies and goals to achieve that vision and mission. They are responsible to see the bigger picture for the organisation. They decide what business we should be in and what businesses we could be in. They make broader strategic intent for the firms and make the firm's focus on the bigger picture and horizon. Ming has to do the same here, she has to decide about the strategic intent of the organization that whether they should expand the product line or not, they should enter into new regions or not, whether to expand or not to expand.
Answer:
a positive technology shock
Explanation:
Technology is part of the capital factor of production, and it is the most important way of increasing the quality of capital. An increase in the quality of capital means that given a same amount of capital (e.g one machine), labor will be able to produce a larger output (an increase in productivity). Technological improvements are usually achieved through research and development.
Technological improvements also affect the land factor since they can reduce the use of natural resources and wastes, although the largest impact is usually made on labor productivity.
When a country's productivity increases, real GDP might increase above full employment level because less workers are needed to produce larger outputs.
Answer:
5.68
Explanation:
Using the formula for <em>total probability</em>:
(first probability)*(first sales) + (second probability)*(second sales)
it follows with
0.68*7.7+0.32*1.4 = 5.68
This number represents the profit (in $ million) which is expected, and is the resulted of the weighted predicted values which were the input in the example. This formula could be used with more statements included, while the total probability sum should never exceed 1.
