Explanation:
The adjusting journal entry is presented below:
On September 30
Unearned ticket revenue A/c Dr $75,000
To Ticket revenue A/c $75,000
(Being the unearned ticked revenue is recorded)
The computation is shown below:
= Season tickets sale value × number of games ÷ given number of gains
= $200,000 × 3 games ÷ 8 games
= $75,000
Answer:
Yes, it does because the price is way to high (i took the test so ask me if you need anything else )
Explanation:
Answer:
True
Explanation:
Henri Fayol developed the theory for Scientific Management. He Introduce the 14 principles of management. One of the principle was Unity of Command.
According to this principle there must be only one superior to one subordinate that is one boss for only one worker. This is just a step taken to safe workers to get orders from more than one boss and overcome the situation of confusion and dilemma and mismangement.
In this case Troy's view regarding one boss for one worker on the basis of Fayol's principle of unity of command is absolutely <u>True.</u>
Answer: Periodic review system
Explanation: In simple words, it refers to the traditional inventory management system in which the inventory level is reviewed at regular intervals like once in a week or month etc.
After recording and calculating for the existing level the individual in authority decides there upon whether the inventory should be reordered or not.
In the given case, the owner checks weekly the soda machine and refills it accordingly.
Hence we can conclude that the owner is using periodic inventory system.