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stepladder [879]
3 years ago
14

All else equal, a large increase in deferred revenue in the current period would be expected to produce what effect on revenue i

n a future period? Multiple Choice Large decrease, because deferred revenue indicates collection problems that will reduce net revenues in future periods. Large decrease, because deferred revenue implies that less revenue has been earned, which reduces future revenue. No effect, because deferred revenue is a liability, so payment will use assets rather than providing revenue. Large increase, because deferred revenue becomes revenue when the seller has satisfied its performance obligations.
Business
1 answer:
adell [148]3 years ago
5 0

Answer:

Large increase, because deferred revenue becomes revenue when the seller has satisfied its performance obligations

Explanation:

Deferred revenue also known as unearned revenue, is a liability that represents products or services that are owed to a customer because those have been collected in advance. Once the product or service is delivered over time, it turns into revenues in the income statement.

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George owns a pizzeria in Queens, and he buys his cheese and dough and sauce from SYSCO. This firm provides its customers with t
alexandr1967 [171]

Answer:

Trade credit

Explanation:

Trade credit occurs between traders where a trader allows another to purchase goods without paying for them immediately.

It is the cheapest form of short term financing.

This is a form of business to business agreement where payment is set at a later date of 30 days, 90 days or 60 days.

The transaction is recorded by using invoice.

Usually it is a zero percent short term finance. The amount of the good at time of purchase is what is paid at the sure date.

There is no extra payment made by the buyer as interest on the amount agreed.

5 0
2 years ago
Wages are an example of<br> that are involved in running a business.
lisov135 [29]

Answer:

brainliest pls

Explanation:

Wages are part of the expenses that are involved in running a business, and add value to the employee in honor of his principal protected note or net investment.

6 0
2 years ago
Sue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client, Mr. Smith, and his wife. Sue
PilotLPTM [1.2K]

Answer:

D) $801

Explanation:

Businesses can only deduct $25 per gift per client, in this case the client's wife is not an actual client, so Sue can only deduct $25 for the gift plus the wrapping expenses. She can also deduct the $400 spent in the calendars and the $370 watch.

Sue's total deductions = $25 + $6 + $400 + $370 = $801

8 0
3 years ago
The rate card for a magazine mentioned that the one-time cost for a full-page black-and-white ad was $930. The magazine had a to
11111nata11111 [884]

Answer:

Magazine's cost per thousand (CPM) = $62

Explanation:

Given:

Cost per card = $930

Total number of cards = 15,000

Find:

Magazine's cost per thousand (CPM)

Computation:

Magazine's cost per thousand (CPM) = [Cost per card x 1,000] / Total number of cards

Magazine's cost per thousand (CPM) = [930 x 1,000] / 15,000

Magazine's cost per thousand (CPM) = 930,000 / 15,000

Magazine's cost per thousand (CPM) = $62

5 0
3 years ago
On January 1, 2018, Lowell Corp. acquired 80% of the voting common stock of Boston Inc. During the year, Lowell sold to Boston f
Hitman42 [59]

Answer:

$40,800

Explanation:

The computation of  the net income is shown below:-

With regard to non-controlling interest, Lowell Corp. and the non-controlling interest divided Boston net profits proportionately to their ownership interests.

Non controlling interest share of consolidated net income = Boston net income × Remaining percentage

= $204,000 × (100% - 80%)

= $204,000 × 20%

= $40,800

Therefore for computing the Non controlling interest share of consolidated net income we simply multiply the Boston net income with remaining percentage.

8 0
3 years ago
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