It's called an upselling
It's a common technique that a salesman/ marketing team use to increase profit with promise that the customer will get a better product or service
The example of an upselling is when you want to buy a cheap house, but the salesman manage to convinced you that buying another expensive house is good for your investment, and you buy the expensive one instead.
<span>An increase in the price of maple syrup will decrease both the equilibrium price and quantity in the market for pancakes. True
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Tell me why I went to a different question and they gone tell me incorrect answer like how that work if y’all know the answer tell the man
Answer:
Alpine West, Inc.
a. When Alpine West, Inc. should recognize revenue from the sale of its season passes evenly over five months from December to April when the passes are put to use.
b. General Journal for
November 6:
Debit Cash Account $460
Credit Deferred Revenue $460
To record the purchase of a season ticket or pass by Jake Lawson.
December 31:
Debit Deferred Revenue $92
Credit Service Revenue $92
To record the ski service consumed by Jake Lawson for December.
c. In Alpine West, Inc.'s income statement and balance for 2013, the following amounts will be included in relation to the sale of the season pass to Jake Lawson:
Income Statement: Service Revenue $92 and related costs.
Balance Sheet: Deferred Revenue (Liabilities side) $368 ($460 - 92).
Explanation:
Alpine West, Inc. will make the above entries in accordance with the accrual concept and matching principle of generally accepted accounting principles. These require that revenue, income, and expenses related to a period must be accrued for that period whether actually received / paid or not. It also means that the costs incurred for any revenue generated must be matched to the revenue and vice versa for that particular period.
<em><u>Market demand is the total quantity demanded across all consumers in a market for a given good. Aggregate demand is the total demand for all goods and services in an economy.</u></em>
