Fly-by-night (fbn) airlines requires all customers to pay for their flight tickets in advance. assume fbn reports unearned service revenue of $50,000 at the beginning of fiscal year 2018. at the end of the year, the unearned service revenue balance is $65,000. if fbn collected cash of $780,000 for advance ticket sales during the year, what amount of sales revenue did it recognize for the year?

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f. o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.

When conducting a swot analysis, information about turnover, profit margins, and staff quality can be used to identify: