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1 year ago

In accrual basis accounting, revenue is recorded when the seller ______.

Business

1 answer:

Softa [21]1 year ago

6 0

in accrual basis accounting, revenue is recorded when the seller's product is shipped or service is provided.

Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.

Even though the cash for the transaction has not yet been exchanged, accruals are earnings or expenses that have an influence on a company's net income on the income statement. Due to the non-cash assets and liabilities they involve, accruals also have an impact on the balance sheet.

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If a student attends every management science class, the probability of passing the course is 0.80; but if the student only atte

goldfiish [28.3K]

Answer:

EV of node 4 = 0.6×5 + 0.4×0 = 3

EV of node 5 = 0.1×5 + 0.9×0 = 0.5

EV of node 2 = (0.8×5 + 0.2×EV of node 4) - 3

EV of node 2 = (0.8×5 + 0.2×3 ) - 3

EV of node 2 = 4.6 - 3

EV of node 2 = 1.6

EV of node 3 = (0.5×5 + 0.5×EV of node 5) - 1

EV of node 3 = (0.5×5 + 0.5×0.5 ) - 1

EV of node 3 = 2.75 - 1

EV of node 3 = 1.75

EV of node 3 is higher, therefore, best attend pattern is to attend randomly.

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3 years ago

What is the key idea in the aggregate expenditure macroeconomic model? The key idea in the aggregate expenditure model is that

guajiro [1.7K]

Answer:

A) in any particular year, the level of GDP is determined mainly by the level of aggregate expenditure.

Explanation:

The formula for calculating the aggregate expenditure (AE) of an economy is the same used to calculate the gross domestic product:

Aggregate expenditures = consumption + investment + government + net exports (exports - imports)

The main difference between the GDP ans AE is that AE measures the planned consumption, the planned investment, the planned government expenses and the planned net exports.

he equation is: AE = C + I + G + NX. The aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.

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3 years ago

Which of the following statements is the most correct in relation to time spent by coaches and time spent by sport instructors?

Anna71 [15]

Answer:

The correct option here is A) instructors spend more time on instruction than they spend on supplemental responsibilities.

Explanation:

Instructors usually spend more time on the on job duties, they are not developing any professional relationship with its students, they are not here to improve or teach the basic skill to their students , they don't work on improving the students psychology , so it won't be wrong to say that they don't spend much time on supplemental responsibilities.

4 0

3 years ago

Economist Mark Thoma has written, "One of the difficulties in using fiscal policy to combat recessions is getting Congress to a

NeTakaya

Answer:

The correct option is A,government spending and taxes that automatically increase or decrease along with the business cycle.

Explanation:

From a U.S perspective, automatic stabilizers are measures built into the country budgets that adjust the taxes to government's coffers and government expenditure when the economy goes into recess.

These measures are not usually approved by the Congress.

If one takes a careful look at the question, one would notice that the question talks about fiscal policy measures, which are government spending and taxes,invariably, option B is wrong because money supply belongs to monetary policy.

Option C is also wrong because taxes is not the only fiscal policy available.

Option D is wrong budget is a fiscal policy tool not a measure.

3 0

3 years ago

Tadeo, Inc. had the following account balances at September 30, 2015. What is Tadeo's net income for the month of September?Acco

Eddi Din [679]

Answer:

The Tadeo's net income for the month of September is $14,350

Explanation:

Net income : The net income show the difference between the revenue and expenses

In mathematically,

Net income = Revenues - expenses

In this question

Revenues is fees earned while expenses is Miscellaneous Expense , Rent Expense, and Wages Expense

Revenue = $53,000

And, Expenses = $16,800 + $4,000 + $17,850 = $38,650

Hence, the net income is = $53,000 - $38,650 = $14,350

Thus, the Tadeo's net income for the month of September is $14,350

8 0

3 years ago