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Nina [5.8K]
3 years ago
6

On January 5, Merkel Inc. purchases office equipment for its new branch office from Norbert Company. Merkel requests that the eq

uipment be delivered after the renovation of the branch location is completed. On May 1, Merkel informs Norbert that it wishes delivery as soon as possible. The equipment is delivered on May 4. On what date should Norbert recognize the related revenue?
Business
1 answer:
Marianna [84]3 years ago
8 0

Answer:

The answer is: January 5

Explanation:

This is a bill and hold arrangement which enables payment ahead of the delivery of the equipment.

Once Merkel places the purchase order, it should record the cost of the office equipment. It is usual that companies pay in advance a percentage of the total cost and the rest when the equipment is delivered.

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MatroZZZ [7]

Answer: official reserves

Explanation:

The official reserve account is simply part of capital account which has to do with securities and foreign currency that are being held by the central bank of a particular country and which are used to balance payments yearly.

It should be noted that when there's trade surplus, there'll be increase in reserves and when there is a deficit in trade, there'll be decrease in reserves.

4 0
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Explanation:

A. increases as the price rises

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3 years ago
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Fynjy0 [20]

Answer:

B) Climate of trust

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Sales manager and buyer the organization acts in an ethically questionable manner
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