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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

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Employers can try to overcome the moral-hazard problem involving their employees by:
BartSMP [9]

Answer:

Option D             

Explanation:

In simple words, moral hazard refers to the situation when an individual do not act with full responsibility due to the fact that any loss from their behavior will be borne by some third party.

Thus, by assessing the employees before employment by a test will help to decide the employer if the individual is worthy of the job or not. Thus, efficient employees will be selected and less mistakes will occur.    

5 0
3 years ago
Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's
saw5 [17]

Answer:

Correct option is C

Explanation:

Total E&P = $ 160000

Total voting Right Sold = 50/ (100+100) = 25%

Reduction of E& P due to exchange = Total E&P*Total voting Right Sold

Reduction of E& P due to exchange = 160000*25%

Reduction of E& P due to exchange = 40000

Reduction of E& P Lower of Total E&P*Total voting Right Sold or Amount realised

Reduction of E& P Lower of 40000 or (50*1000)

Reduction of E& P Lower of 40000 or 50000

Answer

C. A reduction of $40,000 in E&P because of the exchange.

 

8 0
2 years ago
A group of college students start a dog-walking service. At the end of the first month, they meet to discuss their business perf
Daniel [21]

Answer:

B. In considering our costs, we need to include what we could have earned by working at part-time jobs instead.

Explanation:

When the group of college students include, in their analysis of costs, what they could have earned by working at part-time jobs instead, they are including the opportunity cost.

The opportunity cost is what is given up to do something: the cost of not choosing an alternative.

Including opportunity costs in their cost-benefit analysis reveals sound economic thinking.

5 0
3 years ago
____________ refers to a consolidated network of business leadership whose concerns go beyond narrow decision-making within sing
sertanlavr [38]

Answer:

A. Institutional Capitalism

Explanation:

Institutional capitalism is the phenomenon whereby large institutions holds large share of the capitalistic enterprise. Capitalism in itself has to do with private companies having their own ownership of the production process. In this case, the capitalistic enterprise is done on the basis of institutional shareholding.

8 0
3 years ago
​Calligraph Publishing Company has created a system for storing every piece of data about every one of its books, both those tha
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Answer:

The answer is (A) knowledge management system.

Explanation:

A knowledge management system is a type of system used to create, share, use, and manage the knowledge and information of an organization. It is used to manage documentation of information in a company, which can include information about products they manufacture, how to execute services that the company provides, how the company operates, and so on.  

6 0
3 years ago
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