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8_murik_8 [283]

1 year ago

7

In December, a company signed a contract with a regular customer to sell products for $100,000. In January, the company received

a payment of $100,000 from this customer for products to be delivered in February. Revenue regarding this transaction is recognized:

1 answer:

REY [17]1 year ago

6 0

Answer: In January, when the products are delivered.

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3 years ago

In 2007, Salesforce.com recognized an emerging market for platform as a service (PaaS) offerings and developed a new competency

Debora [2.8K]

Answer:

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2 years ago

The Oriole Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents

vfiekz [6]

Answer:

Break-even point in units= 402 rooms a month

Explanation:

Giving the following information:

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Depreciation $1,300 per month

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2 years ago

A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,

kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

$\frac{Sales}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

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The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

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3 years ago