<u>Revenue</u> is the term for the monetary value of all resources that come into the firm from operating activities.
<h3>
What is Revenue?</h3>
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the number of units sold. In order to calculate net income, costs must be deducted from the top-line (or gross income) figure. On the income statement, revenue is also known as sales. A company's revenue is the money generated by its operations. Depending on the chosen accounting method, there are several ways to calculate revenue. Sales made with a credit card will be counted as revenue for goods or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.
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<span>The
purpose that companies use blogs is for market research, public relations,
customer relations, viral marketing, crisis
communication, online communities, internal communication,
and recruiting. The biggest advantage of business blogs is that it can potentially reach far-Fung and vast audiences which allows the businesses
to keep customers and employees informed and to interact with them. It is not
used for meetings because they do not provide real-time authoring
or collaborative features.</span>
Answer:
The correct option is false
Explanation:
The repair and maintenance costs of delivery vans are categorized under selling, general and administrative costs since it is a period cost not product cost.
Manufacturing overhead cost is the indirect cost of manufacturing such as factory's supervisor wages,repair and maintenance of plant and machinery and so on.
Finally,it is very clear that the correct option is false
Answer:
Actual Quantity= 151.57
Actual Rate= $3.17
Explanation:
Giving the following information:
Standard Hours 2.50
Standard Rate $35.00
Standard Cost $87.50
Number of tune-ups= 60
Labor rate variance $ 50 F
Labor spending variance $ 55 U
<u>First, we need to calculate the actual number of hours. We need to use the direct labor efficiency variance:</u>
<u></u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
-55 = (60*2.5 - Actual Quantity)*35
-55 = 5,250 - 35Actual Quantity
35Actual Quantity = 5,305
Actual Quantity= 151.57
<u>Now, the actual hourly rate. We need to use the direct labor rate variance formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
50 = (3.5 - Actual Rate)*151.57
50= 530.5 - 151.57Actual Rate
151.57Actual Rate= 480.5
Actual Rate= $3.17
Answer:
The answer is A. $1,791.60
Explanation:
Annual interest payment on the loan is:
6% x $125,000
=$7,500
Therefore, monthly interest payment is $625($7,500/12 months).
Monthly payments (which comprise principal and interest payment) is $2,416.60.
The carrying value decrease when the first payment is made on January 31 was made will be:
$2,416.60 - $625
= $1,791.60