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Svetllana [295]
3 years ago
6

If a company has advance ticket sales totaling 2000000 for the upcoming football season the receipt of cash would be journalized

as
Business
1 answer:
Illusion [34]3 years ago
5 0
The transaction in this question involves two accounts: sales account and cash account. The transaction will be recorded as such:
Dr. Cash .......... 2,000,000
Cr. Sales of tickets .......... 2,000,000
Ticket sales in cash
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Which category of GDP does each of the following items count in? Enter one of the following letters to correspond to consumption
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Explanation:

-Nissan produces a car at its Tennessee plant in December, but does not intend to sell it until after the end of the year __DNC__ .

<em> This transaction does not count because GDP is measured in one year. Nissan sell will be accounted in the next year GDP. </em>

-An auto parts maker buys an idle textile plant in North Carolina with the intent of converting it to a distribution center_I__.

<em>This is private investment of the auto parts maker. </em>

-The U.S. Army rents a warehouse to store surplus equipment __G__.

<em>This is a expense of the U.S government. </em>

-A state employees' pension fund in California buys $10 million in corporate bonds__G__.

<em>This is a expense of the U.S government. </em>

-A local bakery buys 500 pounds of flour to make bread __I__.

<em>This is private investment of the bakery. </em>

-A doctor buys a painting to hang in his office waiting area from an artist on Etsy __I__

<em>This is private investment because if his office looks better maybe this will attract more clients. </em>

-A family rents a beach house for a week's vacation __C__.

<em>This is household’s consumption. </em>

-A retiree in Chicago receives a Social Security check from the U.S. Treasury__G___  

<em>This is an expense of the U.S government</em>.

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3 years ago
A blogger regularly posts comments on the blogs or websites of fellow bloggers. which data type is suitable for posting comments
netineya [11]

The memo data type is suitable for posting comments. The Boolean data type can be used to rate blogs using the Like or Dislike option.


3 0
3 years ago
Read 2 more answers
What information should a public company present about revenues from foreign operations?
nevsk [136]

Answer:

Disclose unaffiliated customers sales and also the intra-company sales between geographical areas.

Explanation:

Public companies are required to disclose the amount of sales to unaffiliated customers by geographical region. At the same time, they must also disclose the intra-company sales between geographical areas. It is to be noted that the above said requirements are to be reported separately.

4 0
3 years ago
Private saving refers to ________. A) disposable income minus consumption expenditure B) total expenditure minus purchases of ca
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Answer:

disposable income minus consumption expenditure

Explanation:

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3 years ago
Explicit costs are payments the firm makes for A. inputs such as wages and salaries to its employees, whereas implicit costs are
VashaNatasha [74]

Answer:

The correct answer is option A.

Explanation:

Explicit cost is the direct cost incurred on the inputs such as wages and salaries, raw materials, etc. While on the other hand, the implicit costs are the indirect costs incurred through the use of self-owned resources such as foregone income.  

Implicit costs are the opportunity cost of using a self-owned resource that could have been alternatively used to generate some income.  

Explicit costs are considered in computing accounting profits, the implicit cost is not considered.

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