Explain how a revenue journal might to modified for the following specific business(choose 1). Discuss the process of posting from revenue journal to general ledger.

- Dunbar Auto Repair Business

- Dunbar Movie Theater.

- Mifflin Hut Snack Bar, Restaurant, and Lounge.

4.Use the operating leverage factor to calculate the increase in net income resulting from a 25 percent increase in sales revenue.

Please, I need correct answers. Thank you,

Short Answers

1-Why does it matter how and when a company recognizes revenue?

2-Why is determining when to recognize revenue more difficult under accrual accounting vs. cash accounting?

1. In thinking about overcoming the negative publicity and securities fraud fines related to revenue fraud, some companies succeed and move on, while others fail following the fraud. What forces might influence corporate “survivability” in the face of financial reporting fraud related to revenue?

2. Operating loss is 18.000 TL when sales revenue is 420.000 TL and operating income is 108.000 TL when sales revenue is 840.000 TL

By using information above, calculate:

a) Total fixed costs.

b) BEP in TL.

c) Contribution margin ratio.

d) Unit contribution margin if selling price is 300 TL per unit.

e) Operating profit when company sells 3,000 units (selling price is 300 TL per unit).

f) Sales revenue to earn 144.000 TL operating profit.

some people often have difficulty understanding the concept of Deferred Revenues. Deferred Revenues occur when someone pays you to provide a service or good ahead of time. Since you haven’t earned the money yet, you record it as Unearned Revenue, a liability. Once the revenue is ‘earned’ you write-off the liability and recognize revenue. Are there any moral issues involved in accepting money before it is earned? What happens if you fail to provide the service or good to the customer as agreed upon?

What are your thoughts on this from a Christian perspective? cite

7. With each of the scenarios below, name all financial statement accounts affected, and whether it increased or decreased each account: a. Additional revenue is accrued at year end, that is earned but not received. b. The portion of revenue that is earned as of year end that had previously been recorded in unearned revenue when the customer paid. c. Portion of expiring insurance recorded. d. Salaries earned by employees but not paid until after year end is recorded. Regarding all of the entries discussed above, these are applicable to which basis of accounting? _____ Cash basis of accounting _____ Accrual basis of accounting

There are three mutually exclusive alternatives being considered.  One of the three must be selected, so this is a set of three cost alternatives.  MARR is 15% and the life of each project is 12 years.  These projects are:

Project I

Capital Cost: $130,000

Revenue/Savings: 22,000

Expense/Cost: $12,000

Salvage: $25,000

Project II

Capital Cost: $100,000

Revenue/Savings: $10,000

Expense/Cost: $15,000

Salvage: $20,000

Project III

Capital Cost: $160,000

Revenue/Savings: $10,000

Expense/Cost: $20,000

Salvage: $40,000

please solve asap, thank you!

A firm has the capacity to produce 1 359 240 units of a product each year. At present, it is operating at 81 percent of capacity. The firm's annual revenue is $1 396 130. Annual fixed costs are $214 191 and the variable costs are $.32 cents per unit.   The following equations will be useful.

What is the firm's annual profit or loss?

For each of the following, evaluate whether the statement is true or false, and provide an explanation for your answer.

1. A firm will shut down in the short run if revenue is not sufficient to cover all of its fixed costs of production. (2 points)
2. If the marginal cost of producing the tenth unit of output is $3, and if the average total cost of producing the tenth unit of output is $2, then at ten units of output, average total cost is rising. (2 points)
3. At the profit-maximizing quantity of output for a monopolist, average revenue, marginal revenue, and price are all equal. (2 points)