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3 years ago

Are advanced receipts from customers treated as revenue at the time of receipt? Why or why not?

Business

1 answer:

Ivanshal [37]3 years ago

5 0

Answer:

Explanation:

The receipt received from customer is view as expense and expense is not a revenue.

The receipt can be issue after purchase or return of good. so in this particular case its not a revenue. Thank you

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A 12-year capital lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represe

Andre45 [30]

Answer:

More than in year 8

Explanation:

A capital lease is a type of lease in which the lesser financed only the asset and all other ownership rights would be transferred to the lessee

In the given situation, the 12-year capital lease is equivalent to the annual lease payment at minimum cost

This payment involves the interest and the reduction amount

Now in the year 10 the reduction made to the lease liability should be more than in the year 8

6 0

3 years ago

What costs are considered “relevant” and which are considered “irrelevant “to a business

Klio2033 [76]

Answer:

Relevant costs are costs that will be affected by a managerial decision. Irrelevant costs are those that will not change in the future when you make one decision versus another.

Explanation:Examples of irrelevant costs are sunk costs, committed costs, or overheads as these cannot be avoided.

4 0

3 years ago

1. Assume you work for the Forestry service and you are surveying a certain area of forest. You notice that a local logging comp

pav-90 [236]

Answer:

A new policy introduced.

Explanation:

Since you are working for the forestry service the one best way to enhance supply would be to introduce a new policy to enforce planting of trees, at the same time reducing the amount of trees to be cut down by local logging companies, by making it illegal to do so.

Next, as the new policy is implemented, the demand for trees would reduce with an increasing demand for forestry services to provide helpful guide on growing new trees.

A steady, sustainable profit lasting is guaranteed since more trees planted means more trainings, which means more services rendered and more service fees charged.

3 0

3 years ago

In early January 2020, Southland Growers began construction of a new, fully automated citrus processing plant. The plant was fin

Lena [83]

Answer:

The weighted average accumulated expenditures for 2020 were;

$10,200,000

Explanation:

To determine the accumulated expenditures for 2020, follow the steps below;

<em>Step 1: Determine outstanding loans in 2020</em>

Expense

Since the first loan taken was taken on January 2,2020, the its weighted average will be the outstanding loan for that year multiplied by the number of months when the loan was used over number of months in a year. This can be expressed as;

Loan outstanding=$2,200,000×12/12=$2,200,000

For the bonds, we have been given the outstanding balance for 2020 already as shown;

Bonds outstanding in 2020=$8,000,000

<em>Step 2: Determine the weighted-average accumulated expenditures in 2020</em>

Average accumulated=January 2,2020 Loan outstanding+Bonds outstanding in 2020

replacing;

Average accumulated=(2,200,000+8,000,000)=$10,200,000

Average accumulated=$10,200,000

The weighted average accumulated expenditures for 2020 were;

$10,200,000

8 0

4 years ago

Honey bee company (hbc) enters into an oral contract with ivan under which he agrees to clean hbc's offices for two years. this

Bingel [31]

This contract with honey bee company and ivan who enter into an oral contract with ivan under which he agrees to clean hbc's offices for two years is enforceable by neither of the party. Neither of the party is enforceable by this contract they make.

3 0

3 years ago