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Reil [10]
2 years ago
13

Revenue is properly recognized: Multiple Choice When the customer makes an order. Only if the transaction creates an account rec

eivable. At the end of the accounting period. When goods or services are provided to customers and at the amount expected to be received from the customer. When cash from a sale is received.
Business
1 answer:
Marianna [84]2 years ago
3 0

Revenue in a business transaction is recognized <u>When </u><u>goods </u><u>or </u><u>services </u><u>are </u><u>provided </u><u>to </u><u>customers </u><u>and at the </u><u>amount expected </u><u>to be </u><u>received </u><u>from the customer. </u>

<u />

<h3>What is revenue?</h3>
  • Refers to the amount paid to a company for the provision of goods and services.
  • Can only be recognized when that good or service has been provided to the customer.

Until a good or service is provided to the customer who bought it, revenue should not be recognized because it has not been earned by a company.

In conclusion, option C is correct.

Find out more on revenue recognition at brainly.com/question/1380073.

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What is the difference between a positive economic statement and a normative statement?
yaroslaw [1]

Answer:

e. A positive economic statement can be proved; a normative statement cannot.

Explanation:

A positive economic statement are objective statement that can be tested, amended or rejected by referring to available evidence.

this means in essence that a positive economic statement is prone to improvement when proven. it is not rigid

a normative statement is subjective that cannot be changed. it is rigid.

7 0
3 years ago
A market-oriented organization targets its products at "everybody" or "the average customer."
Doss [256]
I’d go with false ..
7 0
3 years ago
The Buck Store is considering a project that will require additional inventory of $216,000 and will increase accounts payable by
Anestetic [448]

Answer:

$607,250 outflow

Explanation:

Net Working Capital is the amount of money needed to maintain operations on a day to day basis.

Net Working Capital = Current Assets - Current Liabilities

where,

<u>Current Assets are calculated as :</u>

Inventory                                                        $216,000

Accounts Receivable ($525,000 x 1.09)   $575,250

Total                                                                $788,250

and

Current Liabilities = $181,000

therefore,

Net Working Capital = $788,250 - $181,000 = $607,250

Conclusion

The project's initial cash flow for net working capital is $607,250 outflow.

5 0
2 years ago
A project has an initial cost of $18,400 and is expected to produce cash inflows of $7,200, $8,900, and $7,500 over the next thr
garri49 [273]

Answer: 2.91 years

Explanation:

The discounted payback period calculates how long it takes for the cummulative discounted cash flow to equal the amount invested.

Please check the attached image for the table explaining how the answer was gotten.

7 0
3 years ago
Which of the following is a common human relations mistake?
telo118 [61]

D is. It's very wrong to underestimate somebody's abilities or knowledge. We should never do that. It's also rude.

3 0
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