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1 year ago

According to the revenue recognition principle, revenue is to be recognized when:____.

1 answer:

8 0

According to the accrual accounting revenue recognition concept, revenues must be recognized when they are earned and realized rather than when cash is received.

A generally accepted accounting standard (GAAP) called revenue recognition specifies the particular circumstances under which revenue is recognized and how to account for it. When a significant event occurs, revenue is typically realized, and the corporation can simply quantify the financial amount. The foundation of any corporate performance is revenue. The sale is the keystone. Regulators are aware of how alluring it may be for businesses to stretch the boundaries of what constitutes income, particularly when not all cash is collected until the task is finished.

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If the average job performance rating of the new hires of a firm (PR) is 4.0 on a 5.0 scale, the percentage of new hires reachin

Kruka [31]

Answer:

The correct answer is c. 80%

Explanation:

How to calculate the quality of fill.

Quality of fill= (Job Performance + acceptable time frame + Engagement score)/N

Job Performance we use it en percentage , so is 80% (4.0/5.0)

Engagement score is the percentage of new hires retained after one year

Replacing,

Quality of fill= 0.8+0.7+0.9 /3= 0.8

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3 years ago

Wes Motors has total assets of $98,300, net working capital of $11,300, owners' equity of $41,600, and long-term debt of $38,600

Molodets [167]

Answer:

Current Assets = $29,400

Explanation:

Total Assets = Total Liabilities + Owner's Equity

$98,300 = (Long Term Debt + Current Liabilities ) + Owner's Equity

$98,300 = $38,600 + Current Liabilities + $41,600

Current Liabilities = $98,300 - $38,600 - $41,600

Current Liabilities = $18,100

Net Working Capital = Current Assets - Current Liabilities

$11,300 = Current Assets - $18,100

Current Assets = $11,300 +$18,100

Current Assets = $29,400

6 0

3 years ago

While on a trip to South Africa, Elena was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbr

Anit [1.1K]

Answer:

D. Since most import businesses are also export businesses, find a U.S. product South Africans would be willing to buy.

Explanation:

Also she should hear from others who import and export goods from Africa and US and vice-versa.

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3 years ago

Read 2 more answers

Why would a home buyer choose an adjustable-rate mortgage?

REY [17]

Answer: A

Explanation:

The borrower can adjust the monthly payment depending on his or her income.

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4 years ago

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Discuss how the JIT concept differs between manufacturing and service companies.

mylen [45]

Similar to manufacturing, services use methods that add value to the raw materials required to make the finished product. JIT emphasizes the process rather than the end result. Therefore, it may be applied to any set of processes, whether they are involved in manufacturing or providing services.

In the context of the industrial and service industries, the Just in Time (JIT) system: Companies use just-in-time (JIT) inventory strategies to boost productivity and cut waste by only ordering products when they are actually needed for manufacturing, which lowers inventory expenses.

Between service and manufacturing organizations, there are five key differences: the tangible nature of their output; production on demand or for inventory; production tailored to the needs of a particular customer; labour-intensive or automated operations; and the requirement for a physical production location.

In reality, though, service and industrial firms have a lot in common. Many manufacturers have their own service departments, and both industries need trained workers to run a successful organization.

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2 years ago