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3 years ago

Indicate which situations would require Zenda Company to record revenue in the current period.

Business

1 answer:

Studentka2010 [4]3 years ago

5 0

Answer:

c & d

Explanation:

Option includes "<em>a. Zenda is paid in advance for services to be performed in the next period. b. Zenda signs a contract with a customer to perform services in a future period. c. Zenda performs services for cash. d. Zenda performs services on account."</em>

Only Zenda Company performance of services for cash and on account will be recognized and will be recorded as revenue in the current period.

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Crops can be traded on the futures market before they are harvested. If a poor corn harvest is predicted, prices of corn futures

r-ruslan [8.4K]

Answer: From the comprehension , we can state the following two arguments:

<u><em>(a.) If a poor corn harvest is predicted, prices of corn futures rise.</em></u>

<u><em>(b.) If a bountiful corn harvest is predicted, prices of corn futures fall.</em></u>

Also, it has been predicted that much-needed rain for the corn-growing region will start tomorrow.

Now, if the following is true, then it weakens the above argument:<em><u> Agriculture experts announced today that a disease that has devastated some of the corn crop will spread widely before the end of the growing season.</u></em>

Since, it has already been predicted that it'll rain in requirements with the growth of the crop but if the crops are destroyed before the growing season , then there will be a decrease in cultivation and thus the prices will rise.

<u><em>Therefore, the correct option is (D)</em></u>

8 0

4 years ago

Which Finance career involves the stock market?

maria [59]

Answer:

A or D (i think!)

Explanation:

3 0

3 years ago

Read 2 more answers

The following cost information pertained to the Violin Division of Stringing Music Co. and was based on monthly demand and sales

Nostrana [21]

The contribution margin per unit sold by Violin Division of Stringing Music Co is <u>$326</u>.

<h3>What is the contribution margin per unit?</h3>

The contribution margin per unit is the difference between the selling price per unit and the total variable costs (production and selling) per unit.

<h3>Data and Calculations:</h3>

Monthly demand and sales = 200 units

Per-Unit Costs

<h3>Variable production costs: </h3>

Direct materials $170

Direct labor 155

Variable factory overhead 75

Fixed production costs:

Depreciation (equipment) 15

Factory rent 58

Other 15

Total production cost = $488

Variable selling = $24

Fixed selling & administrative costs = $36 per unit

Selling price per unit = $750

<h3>Total variable cost per unit:</h3>

Direct materials $170

Direct labor 155

Variable factory overhead 75

Variable selling 24

Total variable production and selling costs = $424

Selling price per unit = $750

Contribution margin per unit = $326 ($750 = $424)

Thus, the contribution margin per unit sold is <u>$326</u>.

Learn more about contribution margins at brainly.com/question/24881206

#SPJ1

<h3>Question Completion:</h3>

Variable selling & administrative costs $24 per unit Fixed selling & administrative costs $36 per unit Given a normal selling price per unit of $750, what is the contribution margin per unit sold

4 0

2 years ago

Richard’s annual college expenses are expected to total $17,745. He will receive $5,320 in grants. How much will Richard need to

lozanna [386]

$12,425 you just need to subtract how much he gets in grants from how much he owes

7 0

3 years ago

Read 2 more answers

SARASOTA CORP. Balance Sheet (partial) Stockholders’ equity Paid-in capital

Nuetrik [128]

Answer:

a. The Shares of common stock outstanding are 556,200

b. The stated value of the common stock is 3

c. The par value of the preferred stock is 102

Explanation:

a. In order to calculate the Shares of common stock outstanding we would have to make the following calculation:

Shares of common stock outstanding=shares authorized-common shares

=564,000-7,800

=556,200

b. In order to calculate the Stated value of the common stock we would have to make the following calculation:

Stated value of the common stock= shares issued/shares authorized =1692000/564000

c. In order to calculate the Par value of the preferred stock we would have to make the following calculation:

Par value of the preferred stock= shares issued and outstanding/6,500

=663000/6500

=102

5 0

3 years ago