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irina1246 [14]
3 years ago
15

In the Month of March, Baldwin received orders of 166 units at a price of $15.00 for their product Bold, and in April receives a

n order for 42 units of their product Bold at $15.00. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 0 units in March, 166 units in April and 42 units in May. They received payment for 166 units in April, and payment for 42 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
Business
1 answer:
Dafna1 [17]3 years ago
3 0

Answer:

May accrued revenue:

0 units delivered

April accrued revenue

166 units delivered at $15: 2,490

Explanation:

Cash proceeds:

March Request 166 units at $15 = 2,490

April    Request  42 units at $15 =    630

<u>Accrual method:</u>

the accrual method will recognize revenue when it is earned, which in this case is represent by the delivery of the goods.

May accrued revenue:

0 units delivered

April accrued revenue

166 units delivered at $15: 2,490

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When dealing with foreign countries, a marketer should refer to "international commercial law" for guidance?
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The above statement is false.

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4 years ago
How might the inflationary flashpoint affect policy decisions? How would you represent the flashpoint on the Phillips curve?
NNADVOKAT [17]

Answer:

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Explanation:

Inflationary flashpoints are the points where the aggregate supply curve experiences a very rapid/sharp increase

The Inflationary Flashpoint can affect policy decisions in ways that it will lead to an increase in unemployment caused by the increase in Inflation, and this will cause the economic policies to become tightened in order to curb the effects of Inflationary flashpoints

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3 years ago
A cost-benefit analysis is a way _____.
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7 0
3 years ago
Transacion Transaction Amount
arsen [322]

Answer:

d. 1,2,3

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4 0
3 years ago
: You have a product that sells for $100, and costs you $60 to make. A customer normally orders 1,000 units, but will order 2,00
Ad libitum [116K]

Answer:

<u>less profit per unit</u>

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