Answer:
$3,500
Explanation:
The principle of revenue recognition occurs once the income is recognized or earned whether cash is received or not and it also meets the accounting accrual basis. Realizable means that the product was purchased by the client, but payment will be released later
So, according to the given situation, the service revenue would be reported in June is $3,500 only.
Answer:
If John's Pizzeria is located in an area of high demand and he is not selling his pizzas, it means that he is doing something wrong. There are two possible options:
- the price is too high: John should try to lower the price of his pizza. Currently John has a surplus production of pizza, because he is producing much more pizza than what he is actually selling. To increase his sales, John should try to lower the price and see how many pizzas he sells at $5, or even at $4. The only way that John can reach an equilibrium between his supply of pizza and the quantity demanded is to lower the price.
- the pizza tastes terrible: the only option is to make a better pizza.
D. The school system is composed of five different districts, each of which composes six or more schools.
Out of the sentences listed, answer D is the best well written sentence based on structure. When developing setence structure, makig sure the sentence sounds and is written approriately is necessary.
Answer:
Check th explanation
Explanation:
2a.
Here, we will have to apply the economic production quantity as we have to identify optimal production quantity to minimize the cost.
Annual Demand D = 60000
Working Days = 240
Daily Demand d= 60000/240 = 250
Production Rate p = 300
Set up cost S = 150
Holding cost H = 3
Economic Production Quantity Q = (2DS/(H*(1-(d/p))))^(1/2)
Q = (2*60000*150/(3*(1-(250/300))))^(1/2)
Q = 6000 units
Answer:
Deduct the check from the bank Statement balance
Explanation:
In the given scenario when a bank writes a check on September 30 and the beneficiary does not cash the check, it will not be deducted from the company's balance.
So it will not appear on the end of month statement.
When reconciling the company's accounts the check will need to be considered as cash given out already.
The value of the cheque will need to be deducted from the statement balance to show the funds were given out.