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Harman [31]
3 years ago
9

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:

No

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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What is the study of business​
REY [17]

Explanation:

The study of business is about how individuals and groups of people organise, plan, and act to create and develop goods and services to satisfy customers. Business is influenced by and impacts on the cultural, ethical, environmental, political, and economic conditions of the day

4 0
2 years ago
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Agreement and disagreement among economists
vredina [299]

Answer:

  1. Differences in values
  2. C. Tariffs and import quotas generally reduce economic welfare.

Explanation:

Yvette and Sean most likely have a difference in values because they believe that one thing is better for the economy than the other. This means that when it comes down to the economy, they value a certain approach over other approaches.

Economist don't usually find common ground on many things but there are some things where they have a general consensus and one of them is that tariffs and import quotas are bad for the economy. They believe that people stand more to gain from free trade than restricted trade.

6 0
2 years ago
Levi Corporation (a U.S. company) has several transactions with foreign entities. Each transaction is denominated in the local c
alukav5142 [94]

Answer: $1500 loss

Explanation:

From the question, On December 2, 20X1, Levi sold confectionary items to a foreign company by selling at a price of 50,000 yen when direct exchange rate was 1 yen = $1.15.

Sale value in dollar = 50,000 × 1.15

= $57500

The account has not been settled as of the year ended December 31, 20X1, when exchange rate had changed to 1 yen = $1.12.

Sale value in dollar = 50,000 × 1.12

= $56000

Foreign exchange loss:

= $57500 - $56000

= $1500 loss

3 0
2 years ago
A corporation issues 2,000 shares of common stock for $32,000. The stock has a stated value of $12 per share. The journal entry
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Answer:

d.$24,000

Explanation:

Given that

Issuance of common stock = $32,000

Number of shares = 2,000 shares

Stated value per share = $12 per share

By considering the above information

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= Number of shares × Stated value per share

= 2,000 shares × $12 per share

= $24,000

Hence, the correct option is d. $24,000

5 0
2 years ago
__________ and ________ are stimulus preference assessment methods, while ________ and __________ are reinforcer assessment meth
jekas [21]

Answer:

The correct answer is A. Free-operant, trial-based; concurrent schedules, multiple schedules

The correct full sentence is:

Free operant and trial-based are stimulus preference assessment methods, while concurrent schedules and multiple schedules are reinforcer assessment methods.

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2 years ago
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