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Ronch [10]
2 years ago
14

Explain the importance of contracts when analyzing revenue arrangements.

Business
1 answer:
Nana76 [90]2 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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The ABC Lawn Company aims for a high number of clients that result in high profits. To meet its goal ABC markets its landscaping
sleet_krkn [62]

Answer:

Agressive trading technique

Explanation:

A Sales Orientation company is a company that capitalizes or dwell on selling its products and services rather than satisfying their customers wants or needs. Due to the fact that sales orientation business is bent on pushing their product out to the customer it use or employ aggressive techniques in its handling, and this will cost or involves intensive promotions and price- strategy.

Aggressive trading shoulders more risk and thereafter may be accepting a big loss.

5 0
2 years ago
When people use their resources so that marginal benefits exceed marginal costs they
Archy [21]

Answer: A. make rational economic decisions.

Explanation:

The marginal benefits refer to the maximum payment that a consumer will make for an additional good or service.

Marginal cost is the additional cost involved in manufacturing a product with an additional service, due to the additional manufacturing of the product.

These two measures determine how the value of a product should change; if the price increases or decreases due to marginal benefit or marginal cost.

For example, <em>when buying one unit of a product the cost is usually higher than when buying multiple units. Likewise, when a product is purchased that has exclusive use or whose unit creation is high, the cost of the product will also be high due to its marginal benefit.</em>

<em>I hope this information can help you.</em>

6 0
3 years ago
A company has the following balances on December 31, 2018, after year-end adjustments: Accounts Receivable = $62,500; Allowance
Dovator [93]

Answer:

the net realizable value of accounts receivable $56.300

Explanation:

To calculate the net realizable value of accounts receivable is necessary to deduct from Account Receivable the total credit amount of the Allowance for Uncollectible Accounts.

The Debit value of Accounts Receivable minus the credit balance of Allowance for Uncollectible Accounts gives the Net Value of Accounts receivables.

8 0
3 years ago
What two things do you consider when evaluating the time value of money? (13 points)
IgorLugansk [536]
The time value of money is the idea that an amount of money in the present is more valuable and is worth more than the amount of money in the future. Two things you'd need to consider when making this type of deal is putting yourself at risk of not getting the money and putting your trust into the person who owns you the money. You would need to consider that putting yourself in that position is your decision, no one elses. Ask yourself, "Can I trust this person?" or, "What if I don't get as much money as they promised?"

I hope this helps!
7 0
3 years ago
Johnny’s Drive-in pays its employees bi-weekly. The first payday of 2014 will be on January 3 and will compensate employees for
Sonbull [250]

Answer:

Accounts

Wages Expense

Wages Payable

$100,000

$100,000

Explanation:

As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.

5 0
3 years ago
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