On August 31, 2018, Allright Services received $3,500 in advance of performing the service. Which journal entry is needed to record the receipt of cash?
A) Debit Unearned Revenue $3,500, and credit Cash $3,500.
B) Debit Cash $3,500, and credit Service Revenue $3,500.
C) Debit Unearned Revenue $3,500, and credit Service Revenue $3,500.
D) Debit Cash $3,500, and credit Unearned Revenue $3,500.
D) Debit Cash $3,500, and credit Unearned Revenue $3,500.
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Fish Farm Corporation purchases a new tract of land on which it is going to build new growing and holding tanks in order to expand its business. Which of the following costs would not be part of the cost of the land?
a. costs to run a title search b. costs of grading to level the land c. costs of tearing down an existing structure d. cost of the new holding tanks
One of the most important tasks in preparing well-organized messages is ________
A) using a direct organizational pattern B) providing clear recommendations C) including ample tables and charts D) grouping similar ideas together
The author/self-publisher of a new book, The Gullah Bible (a translation of the Bible into the Gullah language), wants to advertise her book. Which media outlets would be most appropriate?
What will be an ideal response?
Which of the following is a competitive benefit experienced by the first mover firm in an industry?
A. The first mover will be able to reduce the switching costs. B. The first mover will be able to achieve a less steep learning curve. C. The first mover will not have to patent its products or technology. D. The first mover will be able to reduce costs through economies of scale.