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r-ruslan [8.4K]
1 year ago
7

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

Business
1 answer:
ehidna [41]1 year ago
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.

To learn more about  revenue recognition principle here

brainly.com/question/28218373

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Xavier Co. wants to purchase a machine for $37,900 with a four year life and a $1,000 salvage value. Xavier requires an 8% retur
ale4655 [162]

Answer:

Net present value of machine is $5,561

Explanation:

Net present value is the method of calculating net of cash inflows and outflows in present value term using discounting of the cash flow by required rate of return.

Net Present Value of the machine is $5,561

All the calculation and workings are attached with this question please find it.  

5 0
3 years ago
Which of the following is included in the investment component of GDP? a. households’ purchases of newly constructed homes.
Anni [7]

Answer:

"D" is the correct answer.

All of these.

Explanation:

NOTE: in this question, options part is missing, The option for the following question is :

b. Additions to business stock

c. firms' buy of equipment

d. All of the above

Gross Domestic Product is the overall financial or retail value of all completed production of goods and services in a specific period within a country.

formula to calculate GDP is as follow

GDP = C + I + G + NX

where C stands for Private consumption.

           I stands for investment

          G stands for government consummation

          NX for net export (total export - total import)

GDP use to calculate countries total gross production during a particular year.

4 0
3 years ago
Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,750,000 (250,00
Zepler [3.9K]

Answer:

Allocated overhead= $1,430,600

Explanation:

Giving the following information:

The company's executives estimated that direct labor would be $3,750,000 (250,000 hours at $15/hour) and that factory overhead would be $1,550,000 for the current period.

The records show that there had been 230,000 hours of direct labor.

Using direct labor hours as a base.

Predetermined overhead rate= total estimated manfacturing overhead for the period/ total amount of allocation base

Predetermined overhead rate= 1555000/250000= $6.22 per hour

Allocated overhead= Predetermined overhead rate*actual hours= 6.22* 230000= $1,430,600

7 0
3 years ago
"which term refers to the level of commitment that workers make to an employer?"
user100 [1]

Employee engagement is the term that refers to the level of commitment that workers make to an employer. It also shows that an employee is committed to the company by doing his best to achieve the company’s goal and vision. Also, employee engagement is giving commitment to become loyal to the company, giving ideas to improved the company, and being one with the organization.

3 0
3 years ago
In the Frankfurt market, Aldi stock closed at €5 per share. On the same day, the euro U.S. dollar spot exchange rate was €.625/$
Ipatiy [6.2K]

Answer:

$15.625

Explanation:

The computation of the no-arbitrage U.S. price of one ADR is shown below:

= Euro U.S. dollar spot exchange rate × closing price per share × number of shares

= €.625 × €5 per share × 5 shares

= $15.625

Simply we multiply the  Euro U.S. dollar spot exchange rate with the  closing price per share and the number of shares so that the correct price of one ADR  can be come

6 0
3 years ago
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