Answer: Any of these answer choice is correct.
Explanation:
You didn't put the options to the question. The options are:
• There is no remaining obligation to transactions goods.
• The contract has been terminated.
• Goods have been delivered.
• Any of these answer choice is correct.
When consideration has been received before a contract is identified and the consideration is nonrefundable, then the revenue may be recognized when:
• There is no remaining obligation to transactions goods.
• The contract has been terminated.
• Goods have been delivered
Therefore, the correct option is any of the answer choice is correct.
Answer:
a. revenues less expenses (order is not important)
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
Answer:
Profit= $25000
Explanation:
Giving the following information:
Tere are 100 business travelers who will pay $600 for a ticket while 50 vacationers will pay $300 for a ticket. T
There are 150 seats available on the plane.
The cost to the airline of providing the flight is $20,000.
Price= $300
Profit= ($300*150) - 20000= $25000
Answer: D.
Explanation:
Natural monopoly exists when very high start up capital is needed for conducting business in a particular industry. Natural monopoly also occurs when a particular firm covers a whole market at lower cost better than other firms even when they combine together.
