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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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In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist.
SCORPION-xisa [38]

Answer:

I dont know how this works but did u try 30

Explanation:

I thing bc your saying increase your adding on to soo yeah....

8 0
3 years ago
Marisol recently put her house on the market at an asking price of $260,000. She realizes, however, that in order to sell the ho
lukranit [14]

Maria recently put her house on the market at an asking price of $260,000. She realizes, however, that in order to sell the house, she may have to use price skimming

<h3>What is price skimming?</h3>

Price skimming is a pricing strategy that a company can use when launching a new product or service.

Price skimming is commonly used for new technologies. DVD players are an excellent example of this. When DVD players first became available in the late 1990s, they could cost up to $1,000. If you do a quick search on Amazon, you'll find that a new DVD player costs only $33.

The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. When a product is new to the market, skimming is commonly used (in its introduction or growth phase)

To know more about price skimming follow the link:

brainly.com/question/24263055

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3 0
2 years ago
Why are the premiums for a PPO health insurance plan generally more expensive than those for an HMO Health Insurance Plan?
kkurt [141]

Answer:

A. PPO insurance plans offer a wider choice of primary care doctors and specialists.

Explanation:

7 0
3 years ago
Read 2 more answers
What would you do if you got conflicting answers for the same procedure from two different people you interviewed? What would yo
Gennadij [26K]

Answer:

The best solution will be to get the two individuals together to try and get a solution that is agreeable between two of them.

Explanation:

The role of a system analyst is not to make a decision about the best procedure to use, rather it is the responsibility of the users to do so.

The analyst is to facilitate a common ground that takes into consideration all views.

In the given scenario the department manager may be privy to information that the clerical person does not have. This will give a better view of processes that will be in line with business goals and objectives.

However the clerical staff pays more attention to details of business procedures. He is most likely more updated on business procedure that the department head.

The best way forward is the get the two of them together to trash out the differences of their procedures and come up with one that takes the managerial view of the department head and the detail oriented view of the clerical staff into consideration

6 0
3 years ago
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows:
anzhelika [568]

Answer:

$1.804 ; $1.7856

Explanation:

The computation is shown below:

The formula is presented below:

= Initial forecast + a × (Actual demand of last month - initial forecast of last month)

For November, it would be

=$1.83 + 0.1 × ($1.57 - $1.83)

= $1.83 - 0.026

= $1.804

For December, it would be

=$1.804+ 0.1 × ($1.62 - $1.804)

= $1.804 - 0.0184

= $1.7856

6 0
3 years ago
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