Spartan Travel Agency, Inc. sells tickets for a cruise on Best Cruise Lines to Big Tech Company employees. The total cruise package price to Big Tech employees is $100,000. Spartan receives a commission of 5% of the total price and remits the balance to Best Cruise Lines. Prepare the journal entry that Spartan will make to record (1) the receipt of $100,000 from Big Tech employees for the cruise packages and (2) the remittance to Best Cruise Lines and revenue recognized by Spartan Travel Agency, Inc. on this transaction.

If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?

Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.