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MA_775_DIABLO [31]
1 year ago
14

wise guys consulting receives payment in full totaling $9,000 from a client for services which were rendered and invoiced the pr

evious month. what would be the impact at the time the payment is received?
Business
1 answer:
Grace [21]1 year ago
3 0

The impact at the time the payment is received is a Revenue $9000 increase with credit.

Turnover is the total amount of revenue generated from the sale of goods or services related to the company's main activities. Earnings, also known as total earnings, are often referred to as the "top line" because they are at the top of the income statement.

Revenue is the total revenue generated from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.

Revenue represents income from business activities and profit represents net profit after deducting expenses from income. Earnings can take many forms, including B. Sales, Commission Income, and Property Income.

The Revenue is used as an indicator of income quality. There are several financial metrics related to this. The main ones are gross margin and profit margin. Businesses also use earnings to determine the cost of bad debts using the income statement method.

Account receivable $9000 increasea  with debit

Revenue $9000 increase with credit

Learn more about Revenue here:-brainly.com/question/16232387

#SPJ4

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Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection Costs April 922 $ 17,9
baherus [9]

Answer:

Fixed costs= $9,021.27

Explanation:

Giving the following information:

April 922 $ 17,912

May 983 $ 18,300

June 928 $ 17,965

July 912 $ 17,810

August 934 $ 17,994

September 919 $ 17,880

October 936 $ 18,032

November 876 $ 17,290

December 915 $ 17,838

<u>To calculate the variable and fixed component, we need to use the following formulas:</u>

<u />

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (18,300 - 17,290) / (983 - 876)

Variable cost per unit= $9.4392

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 18,300 - (9.4392*983)

Fixed costs= $9,021.27

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 17,290 - (9.4392*876)

Fixed costs= $9,021.27

4 0
3 years ago
The Board of Directors has voted to add a new product line. Casey's department will be directly responsible for implementing the
liubo4ka [24]

No, because the decision has already been made by the Board of Directors.

More about directors and decision making:

The board's decision-making process is divided into two stages: communication and decision-making. Each director decides whether to incur a cost to communicate his information to others during the communication stage. At the decision-making stage, all directors take actions (e.g., vote) based on their private information and information inferred from the discussion, and the board makes a collective decision. Directors may have conflicts of interest and thus prefer a decision that is not in the best interests of the shareholders. Directors may also have a preference for conformity and thus incur a loss if their actions differ from those of other directors, such as voting differently than the majority.

Learn more about decision making here:

brainly.com/question/16407152

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6 0
2 years ago
From 1973 through​ 2016, the rise in the British price level relative to the U.S. price level is​ ____ with a rise in the value
babunello [35]

Answer:

the available options for this question are,

A. associated; does not

B. associated; also does

C. not associated; does

and the correct answer is option B. associated; also does.

the purchasing power means the ability of a currency unit to purchase a specific amount of goods and services and this is directly in line with the internal inflation rate of an economy.

Explanation:

8 0
3 years ago
What are the three legal forms of business organization? What are their advantages and disadvantages?
algol13

Answer:

There are three legal forms of business organization that are sole proprietorship, society and corporation.

Explanation:

<u>Sole proprietorship:</u> A company that has only one person and works for its own benefit. In almost all the world there are a large number of sole proprietorships which are usually small companies, the most common being for example a personal teacher, a bicycle workshop, etc.

Advantage:

- The owner receives all profits and profits.

- Independence

Disadvantages:

- There is unlimited liability so that all income can be used to pay debts.

- The owner performs several activities.

<u>Company</u>: company that has two or more people. In general, partnership companies are larger than sole proprietorships. The most common companies in society are finance and insurance.

Advantage:

- Raises more funds than sole proprietorship.

- Greater intelligence and administrative ability.

Disadvantages:

- The company dissolves when a partner dies.

- Difficulty to liquidate or transfer the company.

<u>Corporation</u>: The property (shares) of a corporation are its shareholders. Shareholders have profits by receiving dividends that are distributions of the earnings of the shares.

Advantage:

- They have a limited liability, they don't lose more money than they invested.

- The company has a long life.

Disadvantages:

- Higher organizational costs than in other business forms since they need to hire staff.

- Subject to greater government regulation.

4 0
3 years ago
The $1,000 face value ABC bond has a coupon rate of 10%, with interest paid annually, and matures in 3 years. If the bond is pri
dybincka [34]

Answer:

Bond Price  = $951.9633746 rounded off to $951.96

Explanation:

To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment,  annual number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.  

Coupon Payment (C) = 1000 * 10% = $100

Total periods remaining (n) = 3

r or YTM = 12%  

 Bond Price = 100 * [( 1 - (1+0.12)^-3) / 0.12]  + 1000 / (1+0.12)^3

Bond Price  = $951.9633746 rounded off to $951.96

7 0
3 years ago
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