The issue above, where expense of maintaining a building location in a downtown area serves as challenge that was faced by Uniqlo can be attributed to Capital requirements.
<h3>What is Capital requirements?</h3>
Capital requirements can be regarded as the regulatory standards for banks, and this put them on check about how much liquid capital they must keep on hand.
Capital requirements is been used as a tool to tighten an economic after recession.
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Answer:
$320,000
Explanation:
Since the season starts in January and lasts until June, by April 30 the balance of the deferred revenue (or unearned revenue account) would be = $960,000 - {($960,000 / 6) x 4} = $960,000 - $640,000 = $320,000
The journal entries should be:
Accumulated tickets until December 31
Dr Cash 960,000
Cr Deferred (Unearned) revenue 960,000
By April 30th, the adjusting entry should be:
Dr Deferred (Unearned) revenue 640,000
Cr Ticket revenue 640,000
Answer: True
Explanation:
Collaborative selling has to do with the collaboration and interaction between the customers and the salespersons.
A collaborative selling environment makes the sales pitch more challenging for salespeople. Working together in this case requires patience and problem solving skilss and this ultimately leads to more success, enhance customers satisfaction and also leads to achievement of organizational goals.
The company's ending Equipment balance equals a $106,000 balance.
<h3>Ending Equipment balance</h3>
Using this formula
Ending Equipment balance= Beginning Equipment balance+New equipment- Ending Equipment balance
Where:
Beginning Equipment balance=$100,000
New equipment=$10,000
Ending Equipment balance=$4,000
Let plug in the formula
Ending Equipment balance=$100,000+$10,000-$4,000
Ending Equipment balance=$106,000
Inconclusion the company's ending Equipment balance equals a $106,000 balance.
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