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gladu [14]
1 year ago
11

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.

To know more about Accrual-based accounting CLICK HERE:

brainly.com/question/13464862

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Which of the following statements is CORRECT?a. Projects with "normal" cash flows can have two or more real IRRs.b. Projects wit
MaRussiya [10]

Answer:

e. Projects with "normal" cash flows can have only one real IRR

Explanation:

Normal cash flow refers to normal expected cash flow from the project, it might be negative, or positive. But generally there is a pattern in such cash flows. Initially they might be negative, but as the project starts getting mature there is positive cash flow.

This is normal circumstance. Under this there is only one real IRR. IRR is represented as the rate of return where present value of inflows = present value of outflows.

Thus, statement is true and correct.

6 0
4 years ago
Which of the following is a limitation of a process layout?
ki77a [65]

Answer:

b. It has higher worker skill requirements.

Explanation:

In a process layout or functional layout, all machines and equipment of same functional use or type are placed in a particular and distinct department from machines and equipments of different functional use or type. In simple words, one type of machines are placed in a different space together. For instance, welding machines are together placed in welding department, grinding machines and equipment are placed in grinding department and so on.

Process layout uses the equipments and machines that are already within the process, it just places it differently and no specialized equipment are needed.

Machines and equipments require high and long term investments and the machines and equipments used in process layout are exactly the same.

7 0
4 years ago
Linda earns $83,000 per year as an employee. How much will she pay this year in Social Security taxes
KatRina [158]

Answer: b.$5,146.00

Explanation:

Social security tax rate is 6.20%, you would multiply $83,000 by 0.062 to get a total of $5,146

7 0
2 years ago
How might a college degree serve as a certification, like in the used car market with a car inspection? What effect might this h
Sonbull [250]
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The effect this might have on the market : it will prevent any undersell or oversell  used or damaged automotive products to be sold in the market
6 0
3 years ago
Are leadership and management the same thing?
Fiesta28 [93]
No I think that in order to be a management you have to be a leader. If your a manager then your leading your employees if your not a leader you can’t properly do the manager job.
8 0
3 years ago
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