1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AfilCa [17]
3 years ago
11

Country Club Center sells season memberships for $100 each. Prior to May 1, 2017, 60 season memberships were sold. The season ru

ns for 4 months starting May 1, 2017. What is the amount of revenue that should be reported on the income statement for the month ended May 31, 2017
Business
1 answer:
Vlada [557]3 years ago
6 0

Answer:

$1,500

Explanation:

Since the season lasts 4 months, the membership fees must be recognized over the whole 4 month period, that means that the club must recognize $100 / 4 = $25 per month per membership sold.

The company sold 60 season memberships, so it must recognize 60 x $25 = $1,500 in revenues.

You might be interested in
If the primary key of the workshop offerings table contains the primary key for both the workshop table and account table, there
makkiz [27]
<span>If the primary key of the workshop offerings table contains the primary key for both the workshop table and account table, there is a many-to-many relationship between accounts and workshops.
</span><span>A </span>one-to-many relationship<span> includes the </span>primary key of<span> the “</span>one<span>” table as a foreign </span>key<span> in the “</span>many<span>” table. </span>
4 0
4 years ago
A business school would like to know that whether the average number of years of work experience of MBA applicants is less than
VMariaS [17]

Answer:

The test statistic t of the sample is -0.804.

There is sufficient evidence to ascertain that the average number of years of work experience of MBA applicants is less than 3 years.

Explanation:

Null hypothesis: The average number of years of work experience of MBA applicants is 3 years.

Alternate hypothesis: The average number of yet of work experience of MBA applicants is less than 3 years.

Test statistic (t) = (sample mean - population mean) ÷ sd/√n

sample mean = 2.57

population mean = 3

sd = 3.67

n = 47

t = (2.57 - 3) ÷ 3.67/√47 = -0.43 ÷ 0.535 = -0.804

Assuming a 5% significance level

degree of freedom = n - 1 = 47 - 1 = 46

The critical value corresponding to 46 degrees of freedom and 5% significance level is 2.013.

Conclusion:

Reject the null hypothesis because the test statistic -0.804 is less than the critical value 2.013.

The years of work experience of MBA applicants is less than 3.

5 0
3 years ago
What entrepreneurship activities could you engage in that
Nady [450]

Entrepreneurship activities should you interact in that would beautify the mastering reviews you're gaining to your training on campus or online:

whilst getting to know to turn out to be marketers, we should usually select to construct upon new possibilities, community, search for mentors to research from them as well as brainstorm new thoughts on every occasion we have the time to interact in it.

An entrepreneur is a person who creates a new commercial enterprise, bearing maximum dangers and taking part in a maximum of rewards. The method of setting up an enterprise is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a supplier of the latest thoughts, items, services, and enterprises/or methods.

Entrepreneurship is the advent or extraction of monetary fees. With this definition, entrepreneurship is considered as an exchange, normally entailing a threat beyond what is usually encountered in starting a business, which may additionally encompass different values than sincerely monetary ones.

Learn more about entrepreneurs here: brainly.com/question/353543

#SPJ4

4 0
2 years ago
In marketing, what are the five P's used for?
Rufina [12.5K]

Answer:

A

Explanation:

5 0
3 years ago
Using this feature will fit an image to the size of an image frame.
Aleonysh [2.5K]

Answer:

c option

Explanation:

8 0
3 years ago
Other questions:
  • Milly Garcia, the marketing manager for ABCDE Firm, believes for her company to succeed in international markets, it must addres
    10·1 answer
  • A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 120,500 $ 12
    10·1 answer
  • What are the advantages of collecting payment at the time of service?
    15·1 answer
  • Borchardt Corporation has provided the following data concerning last month’s operations. Direct materials $ 29,000 Direct labor
    15·1 answer
  • The vital function of _____ involves transforming data into useful information for decision makers.
    6·1 answer
  • LG, a South Korean electronics company, has four divisions: Home Entertainment, Mobile Communications, Home Appliance &amp; Air
    15·1 answer
  • Sylvan, the seller, and Eric, the buyer, have signed an option agreement, which is an offer to purchase a specific piece of real
    11·1 answer
  • Causes of corruption?​
    7·2 answers
  • A researcher submits a study to the irb that proposes
    14·1 answer
  • Is water wet or....?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!