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Pavel [41]
3 years ago
6

If revenues are recognized only when a customer pays, what method of accounting is being used?Recognition basisAccrual-basisMatc

hing basisCash-basisPeriodicity
Business
1 answer:
Dvinal [7]3 years ago
3 0

Answer:

The correct answer here is Cash basis.

Explanation:

One of the methods of recording accounting transactions for income and expenses is cash basis accounting , where the transactions are only recorded when income is received in cash or expenses are paid in cash. This accounting method is not accepted by GAAP (Generally accepted accounting principle ) and IFRS ( International financial reporting standards ) because this method violates the income ( revenue ) and expense recognition principle.

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Detractors of the cwc concept pointed out that combatants in sags, csg, and esgs were organized according to their __________ in
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Detractors of the <span>Composite Warfare Command (CWC) concept pointed out that combatants in Surface Action Group (SAGs), Carrier Strike Group (CSGs), and Expeditionary Strike Group (ESGs) were organized according to their embarked senior officers rank instead of according to tasks involving their</span> multi-mission capability. <span> </span><span> </span>

4 0
3 years ago
The purchasing agent of an organization acquired some raw materials at a bargain price, even though she knew that their quality
pshichka [43]

Answer:

So a favorable material price variance might be more than offset by an adverse usage variance

Explanation:

<em>Material price variance</em>

<em>A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. </em>A favourable variance is recorded where the actual total cost of materials of a given quantity is lower that the standard cost. While an adverse variance implies the opposite

<em>Material usage variance</em>

<em>A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used.</em> A favorable variance would mean than less quantity of materials were  used than the standard to achieve a given output level. And an adverse variance would mean the opposite

<em>Relationship between Usage variance and Price variance</em>

Where savings are made from purchase of cheap and inferior quality materials these  might lead to an adverse usage variance by a greater value .This is so because  workers might need to use a larger quantity ( more than the standard required) of a low-quality materials to achieve production.

So a favourable material price variance might be more than offset by an adverse usage variance

5 0
4 years ago
Read 2 more answers
Members of 67 countries attended a conference on economic development hosted by an international organization based in Gent, Bel
Sever21 [200]

Answer:

High availability.of cheaper labour

Explanation:

An emerging market is defined as one that does not meet the standards of a fully developed market. For example in the area.of labour cost there is no standard set for it.

So companies can get cheap labour from these economies.

Companies like Apple and Nike have used cheap labour from emerging countries to reduce their cost of production.

Manufacturing bases are established in relatively poorer economies where the workers are willing to work for cheap wage

4 0
3 years ago
A bond has a coupon rate of 8% and matures in 10 years. What are its expected cash flows if this bonds have a principal amount o
Lesechka [4]

Answer:

$1080

Explanation:

Calculation to determine the expected cash flows

Since the bonds have a principal amount of the amount of $1000 first step is to calculate the Cash flow CO1

CO1=$1000(.08)/2

CO1=$80/2

CO1= $40

Second step is to calculate the Frequency of PMT

Frequency of PMT= 10 years x 2 (semi-anually)

Frequency of PMT= 20

Now let determine the Cash Flow CO10

Cash Flow CO10=1000+80

Cash Flow CO10=$1080

Therefore the expected cash flows is $1080

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3 years ago
As a person living in the United States you are a tax payer. What are two
Zinaida [17]
You get tax returns and sometimes the taxes go down
3 0
3 years ago
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