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aniked [119]
2 years ago
10

Monster music company provided music lessons to customers for $10,000, receiving $6,000 in cash and the rest on account. what is

monster music company's revenue under the accrual basis of accounting?
Business
1 answer:
prisoha [69]2 years ago
8 0

The monster music company's revenue under the accrual basis of accounting is $10,000

What is the accrual basis of accounting?

Under  the accrual basis of accounting, revenue is recognized when the goods have been delivered or services rendered regardless of when payment for goods or services is received.

The fact that Monster music company already provided the music lessons whose revenue is $10,000 means that it  should recognize the revenue for the whole music lessons provided rather the portion whose cash payment has been received

Find out more about accrual accounting on:brainly.com/question/11312217

#SPJ1

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Llana [10]

Answer:

3.69

Explanation:

We know,

The productivity in sales revenue/labor expense = \frac{sales revenue}{labor expense}

Given,

Sales revenue = Units sold × Sale price per unit

Sales revenue = 1,217 units × $1,700

Sales revenue = $2,068,900

labor expense = Total labor hours × wage rate per hour

labor expense = 46,672 × $12

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Putting the values into the formula, We can get,

The productivity in sales revenue/labor expense =  \frac{2,068,900}{560,064}

The productivity in sales revenue/labor expense = 3.69

5 0
3 years ago
Unland Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:
Wewaii [24]

Answer:

Ending inventory= $1706

Explanation:

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Units Per unit price Total

1/1/2017: 290 *$5.00=  $1450

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1/28/2017: Purchase,  140*$5.30= $742

At the end of the month (1/31/2017) inventory showed that 230 units. If the company uses LIFO (last-in, first-out)

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6 0
3 years ago
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8 0
3 years ago
Veronica, a vice president of human resources at an auto company, wants to develop its programs for employee empowerment. Howeve
klasskru [66]

Answer:

B) In its rulings, the NLRB has allowed employee empowerment in certain very limited situations.

Explanation:

Employee empowerment refers to a company giving its employees a higher degree of autonomy and independence regarding their normal work related activities.

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3 0
3 years ago
Over the last week, you had 50 customers who bought a total of 40 hotdogs at $2.00, 10 grilled cheeses at $4.00, and 5 cheesebur
kobusy [5.1K]

$3.20

Take the total sales divided by total customers.

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of cheeseburgers 5 * $6 = $30

Total sales $160/50 customer = $3.20/per customer

4 0
3 years ago
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