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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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Artemon [7]

Answer:

a. Private Property Rights

b. Political Stability and Rule of Law

c. Open and Competitive Market

d. Private Property Rights

Explanation:

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5 0
4 years ago
Dave owns 15 shares of ABC mining stock. on monday the value of each shares rose $2 but on tuesday the value fell $5. what is th
IgorC [24]
First, the value of each share rose by 2. So we have +2.

Then it fell by 5. So we have
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Each share has a net value of negative 3.
Dave owns 15 shares. So,
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8 0
3 years ago
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kirill [66]

Answer:

Explanation:

I'm describing the word: wants

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vfiekz [6]

Answer:

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