Answer and Explanation:
The two adjusting entries are as follows:
On May 31
Rent expense ($1,200,000 ÷ 5 months) $240,000
To Prepaid rent $240,000
(Being rent expense is recorded)
Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets
On May 31
Unearned rent revenue Dr $148,800
To Ticket revenue $148,800
(Being unearned revenue is recorded)
Here the unearned rent revenue is debited as it decreased the liability and credited the ticket revenue as it increased the revenue
Answer:
An Undifferentiated Approach.
Explanation:
While dealing specifically with the marketing mix (product, price, place, promotion), an undifferentiated approach particularly refers to the situation when an organization provides its customers and market with the same product and offers even without considering the different needs and wants of different customer segments. Organization do not do segmentation and targeting, they believe that one single undifferentiated offer will fulfill the needs of their customers quite effectively.
Answer: A. Separate costs into fixed and variable categories.
Explanation: The contribution income statement separates variable and fixed costs in an effect to show the amount of revenues left over after variable costs are paid, that is, it lists variable costs (costs that do not remain consistent) and fixed costs (costs that are constant whatever the amount of goods produced) in order to calculate the contribution margin of the company. It is also known as the contribution margin income statement. As opposed to the traditional income statement which separates product costs from period costs, it separates variable costs from fixed costs and is applied to determining net profit or loss for the period.
Answer:
The amount of deposit is 369.77 dollars
Explanation:
We can calculate the amount of deposit using present value and the number of payment periods, which is 17. It tells us about the value of our future income as measured in today's dollars. Future value for all four years is 1600 dollars. Formula for present value is future value/(1+interest rate)^number of periods. In this case it will be 1600/1.09^17 or 1600/4.327 equals 369.77.
Answer:
Cross-functional
Explanation:
The cross-functional work teams are made up of members from different departments to carry out a project or to solve a problem.
