Answer:
B. July
Explanation:
The principle of revenue recognition arises whenever the income is realized or earned whether cash is collected or not and it also supports the accounting accrual basis. Realizable here means that the customer obtains the product however the payment is made afterward.
So, in the given case, the service is provided in the July month and the same is to be recorded on the July month
Staff, worker, hired help
Answer:
capital goods
Explanation:
becos it is raw material that is use to making papers
The following will cause an increase in producer surplus is <u>the price of a substitute increases</u>.
What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.
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Answer:
A.Skis = 161.00
Boots = 108
Parkas = 50
B) Skis = 161
Boots = 106
Parkas = 50
Explanation:
(a)Skis = 212.00-32.00-19.00= 161.00
Boots = 145-29-8= 108
Parkas = 73.75-21.25-2.5=50
(b)Skis = 161
Boots = 106
Parkas = 50