Answer:
Trinity College sold 8 Games of ticket in $400,000
Till October 31 the game sorted out = 5 for example (2+3)
Measure of unmerited income on October 31
Unearned ticket revenue = (Amount received in advance × remaining month) / total month
Unearned ticket revenue = ($400,000 × 3) / 8
Unearned ticket revenue = $150,000
Adjusting Journal entry on October 31:
Debit: Unearned revenue = $250,000
Credit: Revenue = $250,000
(To record transfer of unearned revenue, to revenue account)
Answer:
Peter is maximizing his profit and is making an economic profit.
Explanation:
Peter's Pencils is a pencil producing firm in a perfectly competitive firm.
It produces 1,000 pencils an hour.
The total cost of producing 1,000 pencils is $500.
The market price of each pencil is $2.
The marginal cost of producing the last unit of a pencil at this point is $2.
An individual firm in a perfectly competitive market faces a horizontal line demand curve which also represents the average revenue and marginal revenue.
This means that the marginal revenue earned from the 1,000th pencil is $2.
The marginal revenue is equal to marginal cost, this implies that the firm is maximizing profits.
The average total cost of the firm is
=
=
= $0.5
The average total cost is $0.5 which is lower than the price. This means that the firm is earning economic profits.
The four types of entrepreneur described by Arthur Cole were the Innovator, the Organization Builder, the Over-Optimistic Promoter, and the Calculating Investor.
Answer is A) Investor.
C. the attitude of the people working at a company
Answer: Fee simple defeasible.
Explanation:
A fee simple defeasible is a transfer of property that has conditions placed on the property. The holder of a fee simple defeasible has the property as a "fee simple" subject to the given condition. In a case whereby the condition is not met or violated then the property will go back to the grantor or a specified third party.
In this case, if the first church of Magnolia allows alcohol to be sold on the land, the property will be given back to Kasen or his heirs.