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9966 [12]
3 years ago
14

Boomerang Computer Company sells computers with an unconditional right to return the computer if the customer is not satisfied.

Boomerang has a long history selling these computers under this returns policy and can provide precise estimates of the amount of returns associated with each sale. Boomerang most likely should recognize revenue:
Business
1 answer:
miskamm [114]3 years ago
4 0

Answer:

When Boomerang delivers a computer to a customer.

Explanation:

Revenue is recognised by a business when it is earned. That is when the transaction is completed and a sale is established.

In the given scenario when a customer buys goods for Boomerang they have unconditional right to return the computer if the customer is not satisfied.

The situation where Boomerang should recognise revenue is when a computer is delivered to the customer and the sale is consummated.

If the company recognises revenue when an order is made, there is possibility of customer returning the computer. Then their revenue data will be inaccurate

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Rom4ik [11]

Answer:

a tax bracket refers to a range of income subject to a certain income tax rate.

Explanation:

so basically it's just a range of income taxed at a given rate

8 0
3 years ago
Bob Jones Mercedes $15,000 cash and property with a fair market value of 5,000 for Consulting Services how much should Bob repor
goldfiish [28.3K]

he should report that he made $10,000

6 0
3 years ago
Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a specific year. If the firm sol
Flura [38]

Answer: $200,000 and its economic profits were zero.

Explanation:

First and foremost, we should note that when calculating accounting profit, the implicit cost isn't taken into consideration.

Therefore, the accounting profit will be:

= Revenue - Explicit Cost

= (4000 × 300) - Explicit cost

= 1,200,000 - 1,000,000

= 200,000

Then, Economic Profit will be:

= Accounting profit - Implicit cost

= 200,000 - 200,000

=0

Therefore, its its accounting profits were $200,000 and its economic profits were zero.

5 0
3 years ago
Company X has a good whistle-blowing program in place. Sara used the whistle-blowing system to alert management about a fraud be
dedylja [7]

Answer:

lack of anonymity

Explanation:

According to my research on whistle-blowing systems within organizations, I can say that based on the information provided within the question the major issue that the program seems to have is a lack of anonymity. All whistle-blower systems are designed to be completely anonymous so that anyone who uses the system to do the right thing and report people who are breaking the law or rules are not mentioned and face backlash from co-workers. Apparently, the system that Company X is either not anonymous or is not adhering to the anonymity policy.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
4 years ago
When a product reaches the decline stage of the product life cycle, a firm has two choices. One choice involves product deletion
DIA [1.3K]

Answer: harvesting

         

Explanation: A harvest strategy is a business plan for either canceling or reducing a product's advertising expenditure. The management decides that improving revenue would expense too much.

In other words, when contemplating likely future sales from the drug, they could not justify the expense.When a commodity has arrived at the end of its life cycle, marketing managers pick a good harvesting approach. They target at generating the maximum return from whatever sales scope is left.

Thus, from the above we can conclude that the correct option is E.

3 0
3 years ago
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