Answer:
a. Cash basis - Service revenue is $900
b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)
Explanation:
In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.
In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.
Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.
An economy because that is economics as a whole
Answer:
24 years
Explanation:
In a situation where a country GDP which is fully known as GROSS DOMESTIC PRODUCT was been expected to increase or grow at a rate of 3% per year or per annual which means that it will actually takes up to 24 years for a country economy living standard to double .
Therefore the numbers of years it would take for a country living standards to double will be 23 years.
630 is the recorder point.
Safety stock is a term used by logistics personnel to describe additional inventory held to reduce the risk of stock-outs (shortages of raw materials or packaging) due to supply and demand uncertainties. Adequate safety stock allows business operations to continue as planned. Safety stock is held when demand, supply, or production is uncertain and acts as insurance against stockouts.
Safety stock is an additional quantity on hand to reduce the risk of an item being out of stock. This acts as a buffer stock in case sales are higher than expected or the supplier is unable to deliver additional units in the expected time.
Learn more about Safety stock here: brainly.com/question/14054595
#SPJ4
