Answer:
b. Cash received from customers at the time services were provided.
Explanation:
When a business recieves payment for goods or services rendered it has earned revenue.
Revenue is defined as the income that a business generates from normal business activities such as sales of goods and services.
It is also called sales turnover.
Answer:
$972000
Explanation:
Account receivables factored = $ 900,000
Recourse Liability = $ 20,000
Due from Factor Third Bank = 900000 x 7% = $ 63,000
Loss from Factoring = (900000 x 5%) + 20000 recourse liability = $ 65,000
Amount of cash received as a result of this factoring transaction = Accounts receivables factored + Recourse Liability – Loss on factoring – Due from factor.
= 900000 + 20000 – 63000 – 65,000 = $972,000
Answer:
my answer is a.let them talk
Remember that a perfectly elastic demand is a demand where any price increase would cause the quantity demanded to fall to zero, and reducing the price of a good or service will not increase sales.
Also, equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.
Finally, equilibrium quantity is when supply equals demand for a product.
Therefore, the answer to this question is:
Price is unchanged and quantity is unchanged
Answer:
Price:
b. unchanged
Quantity:
b. unchanged
