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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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Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shar
zalisa [80]

Answer:

The basic and diluted earnings per share for the year ended December 31, 2018 are $ 0.24 / Share and $8.89 /share respectively.

Explanation:

BASIC EPS CALCULATION

The preferred dividend = 30 million x $ 2/share

                                        = 60 Million

Basic EPS = ( Net income - preferred dividends ) / weighted average common shares

                 = ($840 million - $ 60 Million ) / 100   million

                 = $ 0.24 / Share

DILUTED EPS CALCULATION

After-tax bond interest expense    =   $ 2.200 million x 10%

                                                         = $ 220 Million

$ 220 Million x (100 + 40%) = $ 308 Million after-tax interest expense.

Shares assume converted to common

Common Shares = 100 Million            

Preferred stock = 40 Million

Convertible bonds   = 17.0 Million

Total = 157 Million shares outstanding  

Diluted EPS   = ( $ 840 Million - $60 Million  + $308 Million+ $ 66 Million ) / 157 million  

                       = $8.89 /share

Therefore, The basic and diluted earnings per share for the year ended December 31, 2018 are $ 0.24 / Share and $8.89 /share respectively.

8 0
3 years ago
Fixed vs variable cost preference. bates operates a kiosk at a local mall, selling duck calls for $30 each. the variable cost to
DochEvi [55]

Answer:

b) 2,000

Explanation:

sales price = $30

10% from each sale = $3

the amount of rent paid as a percentage of sales = $15,000 - $9,000 = $6,000

the indifference point in units = $6,000 / 10% revenue margin = $6,000 / $3 = 2,000 units

If Bates sells less than 2,000 units, then he should prefer option 2, but if he sells more than 2,000 units, then option 1 is better for him.

8 0
3 years ago
Which piece of information in the sales contract does not help the parties specify exactly which property is being purchased?
Kisachek [45]

The contract piece of information in the sales contract does not help the parties specify exactly which property is being purchased.

As explained above, the sales contract should include buyer and seller information, legal description of the property, closing date, down payment amount, contingencies, and other important information about the sale. The essential elements of a sales contract are: (b) identify the subject; (c) prize money or its equivalent;

As a general rule, the full sales contract clause should state that the written contract constitutes the entire agreement between the parties. The clause must also state that the contract supersedes any previous agreements between the parties.

Learn more about sales contracts at

brainly.com/question/984979

#SPJ4

5 0
1 year ago
In a nutritious diet, the foods provide sufficient quantities of essential nutrients, fiber, and energy to maintain health and b
Sedbober [7]

Answer:

b. balance

Explanation:

According to my research on studies conducted by various nutritionists, I can say that based on the information provided within the question this principle of diet planning is called balance. This is the process of choosing different ingredients or foods that give you all the necessary essentials needed to maintain a balanced health and body weight.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly principal and interest payment totaling $2,042.71. W
lorasvet [3.4K]

<u>Given:</u>

Loan amount = $250000

Interest rate = 5.5%

Interest payment = $2042.71

<u>To find:</u>

Total amount of interest

<u>Solution:</u>

The total number of months in 15 years = 15\times12=180\text{ years }

Total monthly payments will be 180\times \$2042.71 = \$367687.8

So, the total pay-backs will be $3,67,687.8

Total interest paid will be as follows,

\text{Total interest paid = Total pay-backs - Loan amount}

On plugging-in the values in the above formula we get,

\Rightarrow \$3,67,687.8-\$250,000=\$1,17,687.80

Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.

8 0
3 years ago
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