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IRISSAK [1]
3 years ago
11

When a customer pays far enough in advance to require the seller to record interest expense and accrued interest payable based o

n the advancecollection amount, the amount of revenue recognized by the seller when all performance obligations have been met and delivery is complete willa. Exceed the amount of deferred revenue initially recorded.b. Be lower than the amount of deferred revenue initially recorded.c. Be the same as the amount of deferred revenue initially recorded.d. Be either the same or higher than the amount of deferred revenue initially recorded
Business
1 answer:
ira [324]3 years ago
3 0

Answer:

B. Be lower than the amount of deferred revenue initially recorded.

Explanation:

In order to record the revenue for interest paid we only recognize the revenue that is incurred that particular reporting period for example if year end is December 31st. Hence only that revenue will be part of DEC 31st financial statement that is up to that duration .

Whereas the amount exceeding way above in advance is a liability on the company and will be recognized accordingly as per the terms of payment.

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A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the applia
blondinia [14]

Answer:

If the firm is going to need less than 50,000 motors, they should purchase them from the outside vendor.

If the firm is going to use between 50,000 to 59,999 motors, it should use process A.

If the firm expects to use 60,000 or more motors per year, it should use process B.

Explanation:

Process A:

contribution margin per unit = $11 - $7 = $4

break even number of units = $200,000 / $4 = 50,000 units

Process B:

contribution margin per unit = $11 - $8 = $3

break even number of units = $180,000 / $3 = 60,000 units

8 0
3 years ago
Online auction sites that involve business transactions between users of products and services are categorized as _____ e-commer
9966 [12]

Online auction sites that involve business transactions between users of products and services are categorized as consumer-to-consumer (C2C) e-commerce.

A business is an activity that makes a living or makes money by manufacturing or selling products (such as goods or services) [1][2][3][4]. It is also "an activity or enterprise engaged in for profit". Liabilities incurred in the business. If the company acquires debt, the creditor can trace the owner's personal belongings. The corporate structure does not allow corporate tax rates. Owners are personally taxed on all income from the business. The term is also commonly used colloquially to refer to entities such as corporations and cooperatives (but not by lawyers or public officials).

Learn more about business here

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5 0
1 year ago
On January 1, 2018, Gless Textiles issued $19 million of 8%, 10-year convertible bonds at 101. The bonds pay interest on June 30
Leni [432]
Prepare the journal entries for the issuance of the bonds by Gless and the purchase of the bond investment by Century.
6 0
3 years ago
When you need to gauge the receptivity of a​ recipient, which type of communication is​ best?
Sliva [168]
Oral communication would be the answer. Hope this helps!
5 0
3 years ago
If one of the parties in a court case doesn't agree with the verdict, what option is offered through the judicial system? everfi
muminat
<span>IF ONE OF THE PARTIES OF A COURT CASE DOES NOT AGREE WITH THE THE VERDICT THEY HAVE THE OPTION OF TRYING TO APPEAL IT AT A HIGHER COURT. IF THE COURT DECIDES DECIDES TO ALLOW THE APPEAL THEY HAVE THE OPTION OF ANOTHER COURT TRIAL.</span>
3 0
3 years ago
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