The Carluccis Decided to Open a Resort

question 56

Multiple Choice

The Carluccis decided to open a resort.In the first month of operation they collected cash and credit card receipts of $1,612.50.All rooms rent out at $75 a night and during the month they had 19 room rentals.In addition to the 19 rentals,they received non-refundable deposits of $37.50 each on another five nights of rentals.Two of those deposits related to the current month and the people failed to show up.The Carluccis did not refund the deposits for these two customers.The remaining three deposits are for future stays.The appropriate amount for them to recognize as revenue for their first month is

• A)$1,425.
• B)$1,500.
• C)$1,800.
• D)$1,575.

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Definitions:

Historical Narrative

A narrative account that attempts to chronicle historical events, figures, or contexts in a structured and comprehensible manner.

Funerary Function

Describes the purpose or use of objects, structures, and rituals in rituals and practices related to death and burial.

Absolute Power

A form of governance where one person or body holds total control and authority over the government and its citizens, often without legal constraints.

Pharaoh

An ancient Egyptian king.