1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DaniilM [7]
3 years ago
13

James Corporation is an agent of Alten Corporation. Their agreement specifies that James will receive a commission equal to 15%

of the sales price. During May, James sells goods with a sales price of $200,000 for Alten. For the month ended May 31, Alten Corporation should recognize revenue of:
Business
1 answer:
Alex3 years ago
5 0

Answer:

$200,000

Explanation:

Given that

Commission = 15% of the sales price

Sales price of the goods = $200,000

So by considering the above information, the revenue should be recognized of $200,000 as it represents the sale price of the goods i.e revenue and the same is to be recorded in the books of accounts

Therefore, the commission percentage is ignored in this case

You might be interested in
Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant
iren2701 [21]

Answer:

<em>Gabrielle's economic decisions best relate to broad economic goals by still having a job during the evening and still pursuing on doing artistic projects..</em>

7 0
3 years ago
Read 2 more answers
You are advising a local nonprofit on strategy. The nonprofit supports cancer research and relies entirely on donations. You rec
Aleksandr [31]

Answer:

E). Use inexpensive digital marketing tools to inform the community about an upcoming fundraising event.

Explanation:

The 'use of inexpensive digital marketing tools for informing the community regarding the approaching fundraising event' would be the most appropriate and feasible for the non-profit organization as it would be the most reasonable for the firm. A big-budget expense on marketing the event would neither be affordable due to the small budget nor beneficial for such an organization. Thus, using inexpensive digital marketing would publicize the event on an affordable budget and prove helpful in gathering good collections in the event. Hence, <u>option E</u> is the correct answer.

5 0
3 years ago
At its peak at the end of 1999, Microsoft had a market cap of $600B. PC sales were booming and most PCs ran on Microsoft softwar
Slav-nsk [51]

Answer: C. The decline in the P/E ratio more than offset earnings growth and this pushed the market cap down.

Explanation:

Market Cap = P/E ratio * Earnings

Market cap is dependent on both the P/E ratio and Earnings as shown by the formula and as shown on the graph, the P/E ratio kept on decreasing which means that for the Market Cap to decrease, the downward pull of the P/E ratio must have overshadowed the growth in earnings such that the Market Cap went down instead of up.

For instance, if the earnings were $40 billion and the P/E ratio was 15, Market Cap would be $600 billion.

If earnings increased to $45 billion but P/E ratio decreased to 10, Market Cap would become $450 billion.

6 0
3 years ago
What should you do to change a value in si units to a value in u.s. customary units?
stiks02 [169]
Use a conversion factor.
3 0
3 years ago
Read 2 more answers
Why are companies required to perform payroll withholding?
Dmitriy789 [7]
I believe it is to make sure employees can pay their taxes.
Hope it helps!
8 0
3 years ago
Read 2 more answers
Other questions:
  • What potential challenges will you have supporting your argument with this demographic?
    5·1 answer
  • only a monopolistically competitive firm operates at its efficient scale. both a perfectly competitive firm and a monopolistical
    9·1 answer
  • Nolivia is a small and poor nation, but its current president has a genuine desire to create more wealth for Nolivia citizens. T
    8·1 answer
  • What is the yield to maturity of a bond if the bond is sold at $985.48 today, pays annual coupon of 7% and matures in 12 years?
    14·1 answer
  • At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says th
    14·1 answer
  • Atlas Company pays workers $500 for recommendations that result in a hiring. In two years, the company has hired at least forty
    9·1 answer
  • The following transactions are February activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern
    13·1 answer
  • When you buy stock in the "stock market" what are you buying? Why would you but a stock?
    11·1 answer
  • The materials, personnel, effort, and money that enter a system are called _____ .
    8·1 answer
  • An interesting development that happened in late 2008, relating to the fed and bank reserves, was that the fed?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!