A monopoly will maximize its profits and minimize its losses when
A. Price of the product = the Demand for the Product
B. MR=MC
C. MC=ATC
D. AVC = Marginal Revenue
In: Economics
Prepaid items for which adjusting entries may be necessary include all of the following except:
| A. | prepaid insurance | |
| B. | prepaid rent | |
| C. | unearned revenue | |
| D. | office supplies |
In: Accounting
Which of the following is the proper way to report a contingent asset, receipt of which is virtually certain? a. As an asset. b. As unearned revenue. c. As a disclosure only. d. No disclosure or accrual required
In: Statistics and Probability
In: Economics
1 Please briefly discuss: a. methods of dealing with the allocation problem. b. the general rules related to revenue recognition. c. the general rules for allocating tax expenses between periods.
In: Accounting
The source of law governing foreclosures is the a. Uniform Commercial Code b. State of residence of the seller of the property c. state where the foreclosure takes place d. internal revenue code
In: Operations Management
1 Please briefly discuss:
a. methods of dealing with the allocation problem.
b. the general rules related to revenue recognition.
c. the general rules for allocating tax expenses between periods.
In: Accounting
If a hotel sells room nights for $80 with a $20 variable cost per room and incurs $17,000 in fixed expenses monthly. What is the breakeven revenue?
$22,666.97
$22,666.87
$22,666.77
$22,666.67
In: Accounting
22. Van Morrison sells inventory for $200,000 and collects $212,000 from the customer, which includes 6% sales tax. How much revenue does Morrison record for the sale?
In: Accounting
Provide an example about a social media platform that uses the freemium model, with details about their model. Also, provide an example about your personal experience with the freemium revenue model.
In: Operations Management