Answer:
a. When must Janine recognize the income from the $17,360 advance payment for services if she uses the cash method of accounting?
Cash method of accounting recognizes revenues and expenses when they are received or paid for.
b. When must Janine recognize the income from the $17,360 advance payment for services if she uses the accrual method of accounting?
c. Suppose that instead of services, Janine received the payment for a security system (inventory) that she will deliver and install in year 2. When would Janine recognize the income from the advance payment for inventory sale if she uses the accrual method of accounting and she uses the deferral method for reporting income from advance payments? For financial accounting purposes, she reports the income when the inventory is delivered.
She will recognize revenue only after the merchandise is delivered.
d. Suppose that instead of services, Janine received the payment for the delivery of inventory to be delivered next year. When would Janine recognize the income from the advance payment for sale of goods if she uses the accrual method of accounting and she uses the full-inclusion method for advance payments?
Under this system, advanced payments are considered revenue on the year that they were received.
Answer:
B-Enables workers to learn a variety of skolls
Explanation:
Answer:
I d speak this language sorry <3
Answer:
$2800
Explanation:
To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds
12 DECEMBER 2019
Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell
Gain/loss= ($88 x 265) - $20,305 - $215
Gain/loss= $23,320 - $20,305 - $215
Gain/loss= $2800
WORKINGS
Purchase 1 Jan 2019
265shares x $76per share = $20,140
Total cost to purchase = $20,140 + $165(brokerage fee)
Total cost to purchase = $20,305
Cost to sell = $215(brokerage fee)
Answer:
d.both answers 1 and 3 occur.
That is
a.the company has competencies and capabilities to efficiently sustain its competitive differentiation.
c.the company's competitive advantage grows out of the entire system of activities working together.
Explanation:
In a perfectly competitive market firms have similar products and so they must compete with each other to get market share.
Gaining a competitive advantage is key in surviving within the market.
Differentiation of its products is the first step to success. When a firm's product is differentiated from others it will gain more customer loyalty as the end user identies the product with a particular trait for example high quality.
When the companie's activities are well synchronised the company achieves efficiency which is a competitive advantage of higher output than other firms.
