Answer:
(a) $2,040
(b) $1,020
Explanation:
(a) Under the accrual method of accounting revenue is recognized in the month when product is delivered,
Revenue is recognized on the March income statement from this order:
= Units Delivers × Unit price
= 136 × $15
= $2,040
(b) Revenue is recognized on the April income statement from this order:
= Units Delivers × Unit price
= 68 × $15
= $1,020
Answer:
Option A
Explanation:
Effectiveness refers to the capability of an institution to produce the desired result or the required performance. Once something is considered to be successful, it implies it has a planned or anticipated impact, or it generates a deep, vibrant impression.
In other words, The magnitude to which goals are accomplished and to what extent perceived needs are met is effective. Unlike efficiency, effectiveness is measured in regards to expenses and while output implies "doing the right thing," effectiveness, means "just doing correct thing."
Answer:
0.54
Explanation:
Debt-to-equity ratio = Total Debt ÷ Total Equity
= $107,000 ÷ $197,000
= 0.54
The company's debt-to-equity ratio equals 0.54
Answer:
Strategy 1: Value Investing.
Strategy 2: Growth Investing.
Strategy 3: Momentum Investing.
Strategy 4: Dollar-Cost Averaging.
Answer: the correct answer is $210,000. The months is which the service was given were June, July, August, September, October, Nevember, December. The total service is $360,000 which means it is $30,000 monthly. (360,000 divided by 12). $30,000 times 7 months is $210,000.
Explanation: If a company is using the accrual basis accounting method it has to record its earned revenue when services are rendered, even though cash may be received at a later date..
