1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>
You might be interested in
Sherry is trying to increase her daily exercise. She has downloaded an application on her phone that tracks how far and how long
leonid [27]

Based on this information and the components of self-regulation, Sherry is implementing <u>self-evaluation</u>.

<h3>What are self-regulation?</h3>

It is the ability to analyze the environment and the set of processes that we carry out in order to successfully manage ourselves whose components are self-observation, self-evaluation and self-reinforcement.

Self-evaluation component refers to the fact that the person determines some criteria that mark or guide the objectives that he wants to achieve, these criteria can contrast whether the change in behavior is the one he is looking for or not, according to his objectives.

Therefore, we can conclude that based on this information and the components of self-regulation, Sherry is implementing self-evaluation.

Learn more about self-evaluation here: brainly.com/question/26304121

3 0
2 years ago
A company received a bill for newspaper advertising services, $340. the bill will be paid in 10 days. how would the transaction
Sladkaya [172]

The transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

<h3>How is an accrued expense recorded?</h3>

An accrued expense refers to an incurred outgoing that the service has been enjoyed previously and payment is due later.

According to the matching principle and accrual concept of generally accepted accounting principles, all expenses incurred within a financial period must be recognized in that period whether cash has been exchanged or not.

Thus, the transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

Learn more about recording accrued expenses at brainly.com/question/14524895

#SPJ1

6 0
2 years ago
I'm new here. What do I do? I dont even know anyone
riadik2000 [5.3K]

Answer:

 if you have question on anything you can search it, if you found nothing simply post the question and someone may help you anytime.

Explanation:

4 0
3 years ago
Read 2 more answers
According to Carl Jung, what are the two main ways that people process information?
nata0808 [166]
The answer is A. Thinking and sensing

The thinking type will rely on their analysis capabilities to process information, and make their decision based on their analysis projection

Meanwhile, the sensing type will rely on their 5 senses to process information, which mean they have to experience it first before they can make their decision
4 0
3 years ago
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr
Ludmilka [50]

Answer:

May 24

Dr Retained earnings $1,500

Cr Cash $1,500

Being cash dividend paid to shareholders.

October 11

Dr Advertising Expense $1,000

Cr Cash $1,000

Being cash payment for monthly advertising expenses.

Explanation:

Rules:

Debit side:

Increase in asset

Increase in expense

Decrease in liability

Decrease in equity

Decrease in income or sales

Credit side:

Decrease in asset

Decrease in expense

Increase in liability

Increase in equity

Increase in income or sales

May 24

Dr Retained earnings $1,500

Cr Cash $1,500

Being cash dividend paid to shareholders.

October 11

Dr Advertising Expense $1,000

Cr Cash $1,000

Being cash payment for monthly advertising expenses.

8 0
3 years ago
Other questions:
  • PLEASE HELP! 30 PTS!
    10·1 answer
  • Zoey is a salesperson who is meeting a prospect after a successful cold call. zoey has collected most of the basic information a
    8·1 answer
  • to earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest
    14·1 answer
  • Consider a process restringing tennis rackets. The process starts with a unit cost of $10 for the first unit—that is, c(1) = 10—
    11·1 answer
  • Assume you invest money in a bond that will pay you $250,000 in four years. the bond has an annual interest rate of 5%. you do n
    5·1 answer
  • If all other factors are equal, what will happen to the supply of a product if the price goes up?
    12·2 answers
  • as rome expanded the conquered territories sent payments that honored the acceptance of the new rulers. What were those payments
    7·1 answer
  • 2. A company’s financial records at the end of the year include the following amounts: Cash $ 70,000 Accounts receivable 28,000
    10·1 answer
  • When using a flexible budget, a decrease in activity within the relevant range: Multiple Choice decreases variable cost per unit
    11·1 answer
  • According to Daniel Kahneman and Amon Tversky, a $1 loss pains us ________ times more than a $1 gain helps us.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!