Answer:
The amount of revenue Finerly should recognize upon delivery to its distributors is $0.
Explanation:
From the question, the following two very important points can be observed:
1. Finerly expects the distributors to be able to sell the cosmetics, but is uncertain because it has little experience with selling cosmetics of this type.
2. Finerly is committed to accepting the cosmetics back from the distributors if the cosmetics are not sold.
Since there is an uncertainty that the the distributors will be able to sell the cosmetics and Finerly is committed to accepting them back from the distributors if they are not sold, these imply that the amount of sales revenue cannot be known or reasonably estimated until when the distributors actually sell the cosmetics.
Therefore, the amount of revenue Finerly should recognize upon delivery to its distributors is $0.
Answer:
1) A) Adequate enough
2) C) That was unfinished
3) A) Purge empty words
C) Reject redundancies
Explanation:
Redundancies means words that are not necessary for the sentence. These words have repetitive meanings are not required in the sentence. Here adequate and enough both have similar meanings. Empty words are one which do not add extra meaning to the sentence. The word unfinished does not add any meaning to the sentence as it is already mentioned that there is incomplete data. By removal of empty words and redundancies the passage will be more precise and concise.
Answer:
The two methods or systems for determining the amount of merchandise inventory are:
the perpetual inventory system and periodic inventory system.
Explanation:
The perpetual inventory system requires that separate accounts be kept for Inventory and Cost of Goods Sold to enable a continuous or perpetual update of inventory transactions. This is unlike the periodic inventory system, where the update of inventory transactions are done periodically, and only the Inventory Purchase account is maintained for inventory transactions, with the Inventory balances and Cost of Goods Sold determined periodically.
Yes, not all sources are reliable.
Answer:
The answer is letter D.
Explanation:
A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm. As a result of this transaction, the capital account balance of the other partners in the partnership wil remain the same.
