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Ronch [10]
3 years ago
14

Explain the importance of contracts when analyzing revenue arrangements.

Business
1 answer:
Nana76 [90]3 years ago
5 0
<span>Contracts are legally binding documents that have the ability to protect and allow all parties to be clear and precise of actions and expectations within the agreement, including payment arrangements. Contracts are important when analyzing revenue arrangements, as it ensures that all parties are aware of the agreed upon outcome and provide hard evidence should there be any future disputes.</span>
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All of the following is a capital resource EXCEPT
Gnesinka [82]

Answer:

employees

Explanation:

This is because employees are classified as labor not capital

4 0
3 years ago
Read 2 more answers
Rhine Company sets price equal to cost plus 40%. Recently, Rhine charged a customer a price of $280 for an item.
yan [13]

Answer:

Option (C) is correct.

Explanation:

Given that,

Price of an item charged by the Rhine company = $280

Rhine company sets price = Cost + 40% of cost

Let the cost of an item to Rhine be x,

Hence,

Price = x + 40%(x)

$280 = x + 0.4x

$280 = 1.4x

x = $280 ÷ 1.4

  = $200

Profit for Rhine = Price - cost

                         = $280 - $200

                         = $80

Therefore, the cost of the item to Rhine is $200.

5 0
3 years ago
Sweet Company’s outstanding stock consists of 1,000 shares of noncumulative 5% preferred stock with a $100 par value and 10,000
frutty [35]

Answer:

preferred stockholders received $15,000 during the first 3 years

  • $2,000 in the first year
  • $6,000 in the second year
  • $7,000 in the third year

common shareholders received $25,000 in dividends during the third year.

Explanation:

preferred stock = 1,000 shares x $100 par value x 5% = $5,000

common stock = 10,000 shares at $10 par value

dividends declared and paid during the first 3 years:

year       dividends

1               $2,000

2              $6,000

3            $32,000

preferred stockholders should have received $5,000 per year x 3 years = $15,000. Preferred stockholders must be paid first, and their payment is fixed. If the dividends are not enough to pay the total amount, the remaining amount should be paid next year.

  • $2,000 in the first year
  • $6,000 in the second year
  • $7,000 in the third year

common shareholders received $32,000 - $7,000 = $25,000 in dividends during the third year.

7 0
4 years ago
The income statement of Annette Co. for the month of July shows net income of $3,200 based on Service Revenue $7,700, Salaries a
kvasek [131]

Answer:

Explanation:total is 17,050 if you add them all up

6 0
4 years ago
Why might digital media be more effective than television ads?
Mademuasel [1]

The digital media is more effective than television ads because the platform fosters communication between the user and company and also ensures immediate feedback.

Let understand that medium of Digital media includes social media, software, digital video, digital images, web pages, websites etc

The advert on digital media such as social media platforms is more effective over television ads because digital media fosters communication between the brand and consumer.

The advert on digital media also facilitates immediate feedback regarding the products advertised.

Therefore, the digital media is more effective than television ads because the platform fosters communication and ensures immediate feedback.

Learn more about this here

<em>brainly.com/question/10254504</em>

8 0
3 years ago
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