1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AURORKA [14]
1 year ago
14

True or false: revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from

customers in advance before services are performed.
Business
1 answer:
Shkiper50 [21]1 year ago
8 0

We can actually deduce here that the statement, "revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed" is true.

<h3>What is revenue?</h3>

Revenue is actually known to be the general or total income that an organization or a firm makes from sales of their goods and services. Revenue made helps to ascertain how the company is fairing in terms of sales and customer retention.

We see here that it is true that revenue is recorded whenever services have performed and the service provider has received the payment.

Learn more about revenue on brainly.com/question/24280609

#SPJ1

You might be interested in
Discuss the view that a public limited company should prioritise the
sergey [27]

Public limited company should prioritise the

aims of its shareholders because stakeholders have a good share of a business.

<h3>What is public limited company (PLC)?</h3>

PLC is a public company, that sells shares to individual who are interested. The buyers of the shares have limited liability.

Stakeholders have a good share of a business, they are key partners that cannot avoided in the success of any business or organization.

Therefore, Public limited company should prioritise stakeholders because they have a good share of a business.

Learn more on stakeholders here

brainly.com/question/24432365

7 0
1 year ago
Ana is trying to finish an account analysis for a client, but she's missing data. She e-mails Claire in database administration
Mademuasel [1]

Answer:

This is an example of information communication

Explanation:

Is an extensional term for information technology, that stress the role of unified communications.

3 0
2 years ago
According to the video, what are some tasks Electrical Engineers perform? Check all that apply.
vazorg [7]

Answer:

A C E

Explanation:

cuz it is

3 0
2 years ago
Read 2 more answers
All of the following are examples of a business transaction except Select an answer and submit. For keyboard navigation, use the
Simora [160]

Answer:

a A. Thomas invests $2,000 in her business.

DOES NOT QUALIFY AS A BUSINESS TRANSACTION, THIS QUALIFIES AS AN INVESTMENT TRANSACTION

Explanation:

Business transactions must involve two distinct parties, and must result in the exchange of goods or services. Thomas invested on he business, and that is considered an investment transaction, not a business transaction.

b A. Thomas purchases a computer system on account to be used in her business. QUALIFIES AS BUSINESS TRANSACTION, INCREASES ASSETS AND LIABILITIES

c A. Thomas gives an $800 quote to a potential client for services requested.

QUALIFIES AS BUSINESS TRANSACTION, INCREASES REVENUE AND INCOME

d A. Thomas writes check 1002 out of the business checking account to pay the first month's rent on the space her business is leasing. QUALIFIES AS BUSINESS TRANSACTION, INCREASES EXPENSES AND REDUCES INCOME

8 0
3 years ago
Read 2 more answers
Why are costs and benefits weighed when determining whether something gets produced
katrin2010 [14]

Answer:

Costs and benefits are weighed to determine if producing the good will be profitable.

Explanation:

Production of goods refers to the process through which raw material and resources are converted to a finished product. In most economies, production of goods are services is necessary to meet the demand for these goods. Companies and firms utilize resources like labor and materials to produce finished products. This is usually a costly activity that needs to be planned and organized for it to be successful. Since most businesses is for profit making, the production process has to be done in such a way that in the end, profits are made. Production processes requires financial strategies to be applied and assessed to ensure that the process is profitable in the long run.

An example of a financial analysis that can be used is the cost benefit analysis. The cost benefit analysis involves determination of all the resources that will be needed as input. The input is then convert into monetary terms, then summed together. The total amount of input in monetary terms is the cost, since that i the total amount needed to process the raw materials to finished goods. The future benefits are also forecasted and converted into monetary terms. The comparison of the costs versus the benefits forms what is collectively termed as the cost and benefits analysis.

When the costs outweigh the benefits, then the good should not be produced. When the costs are equal to the benefits, it means the business will break-even, so there will be no profits, it is advisable not to produce the good. Finally, when the benefits outweigh the costs, it is advisable to produce the good.

7 0
3 years ago
Other questions:
  • Regardless of how well or poorly a franchise business is doing, franchisees must give the franchiser a monthly
    13·1 answer
  • Bob, a guest at a hotel, reached into the front seat of the hotel limousine to get his briefcase. he supported himself by placin
    6·1 answer
  • Why dont you guys use Question Cove or another service. Why do you like brainly so much?
    11·2 answers
  • Blossom Co. records purchases at net amounts and uses periodic inventories. Prepare entries for the following: (Credit account t
    15·1 answer
  • Benefits offered to encourage people to make a specific economic decision
    12·2 answers
  • What are the 10 categories of business law?
    9·1 answer
  • In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and
    8·1 answer
  • Karl Yates needs ​$24,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 10 months. How much
    9·1 answer
  • Loudon Company has the following unit costs: direct materials $6, direct labor $3, variable overhead $2, fixed overhead $1. Unde
    13·1 answer
  • Interactive voice response directs customers to use touch-tone phones or keywords to navigate or provide information.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!