In December 2020, Quebecor Printing received magazine subscriptions for 2021 from customers, who paid $420 in cash. What would be the appropriate journal entry for this event in December 2020?

Answers

Answer 1

Answer:

Debit cash $420

credit unearned revenue $420

good luck ❤

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Wiring used by the Appliance Division of Kaufman Manufacturing is currently purchased from outside suppliers at a cost of $25 per unit. However, the same materials are available from the Electronic Division. The Electronic Division has unused capacity and can produce the materials needed by the Appliance Division at a variable cost of $20 per unit.Assume that a transfer price of $22 has been established and that 150,000 units of materials are transferred, with no reduction in the Electronic Division’s current sales.a. How much would Kaufman Manufacturing’s total operating income increase?

At a price of $8.5 per ticket, a musical theater group can fill every seat in their 1800 seat performance hall. For every additional dollar charged for admission, the number of tickets sold drops by 65. a) What ticket price maximizes revenue? Round your answer to the nearest cent.

Answers

Answer:

The ticket price that maximizes revenue is $18.10

Explanation:

Hi, first we need to construct the revenue equation in terms of the additional dollar charge (that would be X). That is:

$Revenue=Price*Quantity$

$Revenue=(8.5-X)(1,800-65X)$

So we expand it:

$Revenue=15,300-552.5X+1,800X-65X^(2)$

$Revenue=-65X^(2) +1247.5X+15,300$

This is a parabola, and we need to find its vertex, which in our case that would be the maximum additional dollar charge in order to obtain the highest revenue possible, to find the vertex, we need to consider that:

$Y(X)=AX^(2)+ BX+C$

And to find the X-coordenate we have to use the following equation.

$Vertex(X)=(-B)/(2A)$

In our case, A= -65; B= 1,247.5, so, all should look like this:

$Vertex (X)=(-(1247.50)/(2(-65)) =9.6$

That means, we need to make 9.6 increments of $1 in order to obtain the max revenue possible, therefore, the price would be

Price = $8.50 + $1(9.6)= $8.50 + $9.6 =$18.10

Best of luck.

When a customer service manger works to diffuse a situation with an irate customer, which of mintzberg's roles is he/she taking on? liaison disturbance handler negotiator resource allocator leader

Answers

He/she is handling a handler negotiattor

Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had organized the corporation in 2009 by contributing $225,000 and receiving all of the capital stock of the corporation. ABC Corporation is a domestic corporation engaged in the manufacturing of ski boots. The stock in ABC Corporation qualified as Sec. 1244 stock. The sale results in a(n):

Answers

Answer:

The sale results in an ordinary loss of $100,000 and long-term capital loss of $25,000.

Explanation:

Answer:

ordinary loss of $100,000 and long-term capital loss of $25,000

Explanation:

Up to $100,000 on a joint return of loss realized on disposition of Section 1244 stock is treated as an ordinary loss. So the first $100,000 would be ordinary and the remaining $25,000 would be a LTCL.

Suppose the United States has two utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of sulfur dioxide pollution per year. However, the marginal cost of reducing a ton of pollution for Consolidated Electric is $275 per ton and the marginal cost of reducing a ton of pollution for Commonwealth Utilities is $375 per ton. The government's goal is to cut sulfur dioxide pollution in half (by 20 million tons per year). a. If the government issues 10 million tradable pollution permits to each utility, what will be the cost of eliminating half of the pollution to society?

b. Using a cap-and-tradeLOADING... system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of $ nothing million per year.

c. If the permits are not tradable, what will be the cost of eliminating half of the pollution?

d. If permits cannot be traded, then the cost of the pollution reduction

Answers

Answer and Explanation:

The computation is shown below:

a. The cost of eliminating is shown below:

= $275 × 20

= $5,500

b. The cost would be $375 per ton

c. In the case when the permits are not tradable so in this the cost is $5,500

d. In the case when the permits cannot be traded so the cost of the pollution reduction is

= $375 × 10 + $275 × 10

= $3,750 + $2,750

= $6,500

MaxiesBalance sheet as at june 30, 2005
$ $ $
fixed assets(at cost$22890) 10060
current asset
stock. 810
debtor. 4330
prepayment 1350
cash at bank 8370
cash in hand 150

less current liabilities
sundry 200
loan interest 500. 700. 14310
net current asset 24370
loan 10000
14370
capital (July 1 2004 ) 21110
add profit. 29860
50970
less drawing 36600
14370

what is the current ratio