1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
N76 [4]
3 years ago
9

For each of the following transactions, determine if Raymond Corporation has earned revenue during the month of May and, if so,

how much has been earned.Customer A paid Raymond $1,500 for work Raymond will perform in June.Customer B purchased $6,000 in inventory with the total payment expected to be received in four weeks. Those items had cost Raymond $3,600 in February.Raymond performed a service for Customer C and was paid $3,400 in cash.Customer D paid Raymond $2,300 for inventory that was purchased previously in April.
Business
1 answer:
kompoz [17]3 years ago
6 0

Answer:In the month of May, Revenue was only earned from Customer C $3,400 and customer D, $2,300. Revenue was not earned from Customers A and B in the month of May. Therefore, total revenue is $5,700.

Explanation:In accordance with the principle of revenue recognition,Revenue will only be recognised when it is earned and services when they are fully rendered. For Customer A, the service has not been rendered, Therefore, the revenue is not yet earned.

For customer B, Although agreement has been reached and goods delivered, since payment hasn't been received, revenue is not recognised.

You might be interested in
The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $30,000, plus a bonus
Pavel [41]

Answer:

The correct answer is C: Bonus= $24000

Explanation:

The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $30,000, plus a bonus of 20 percent of income after deduction of the salary allowance.

The formula to calculate the bonus is:

Bonus=0,20*(Income-salary)

If income is $150000

Bonus= 0,20*(150000-30000)=$24000

8 0
2 years ago
Bargeron corporation has a target capital structure of 64 percent common stock, 9 percent preferred stock, and 27 percent debt.
dalvyx [7]

a.

WACC is calculated as –

WACC = (Weight of common stock X Cost of common stock) + (Weight of preferred stock X Cost of preferred stock) + (Weight of debt X After tax cost of debt)

WACC = (64% X 13.4%) + (9% X 6.4%) + (27% X ((1- 40%)*8.1%))

WACC = 10.46%

b. After tax cost of debt is calculated as –

After tax cost of debt = (1- tax rate) X cost of debt pre-tax

After tax cost of debt = ((1- 40%)*8.1%))

After tax cost of debt = 4.86%

6 0
3 years ago
Obenve one urgent social problem in your Community & conceptualise cocial Enterprise that can can solve the problem and make
atroni [7]

Correct question is-

Observe one urgent social problem in your Community & conceptualize social Enterprise that can can solve the problem and make at the same time.​

<u> What Is a Social Problem?</u>

A social problem is any condition or conduct that has negative consequences for large numbers of human beings and that is generally recognized as a condition or behavior that wishes to be addressed. This definition has both an objective component and a subjective thing.

<u>A current example is climate change: </u>

Although the overwhelming majority of climate scientists say that weather change (adjustments within the earth’s weather because of the accumulation of greenhouse gases inside the ecosystem) is actual and extreme, fewer than two-thirds of American citizens (64 percent) in a 2011 poll said they “think that global warming is occurring”

<u>Remedy of social problem-</u>

  • Reduce, Reuse, Recycle.
  • Reduce Waste.
  • Upcycle your Furniture.
  • Recycle your Clothes.
  • Bring your own Shopping Bags
  • Replace Regular Incandescent Light Bulb.
  • Buy Energy-Efficient Appliances.
  • Turn Off the Lights.

Learn more about social problem brainly.com/question/18501838

#SPJ9

8 0
1 year ago
On October 31, 2015, Damon Company's general ledger shows a checking account balance of $8,445. The company's cash receipts for
solniwko [45]

Answer:

Explanation:

Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.  

There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.

The outstanding deposits is computed below:

= Company cash receipts - bank deposited

= $74,640 - $71,375

= $3,265

And, the outstanding checks is computed below:

= Company written checks - Processed by bank

= $72,515 - $71,270

= $1,245

The preparation of the  bank reconciliation statement on October 31, 2015 for Damon Company's  is presented in the spreadsheet. Kindly find the attachment below:  

8 0
3 years ago
Money demand is given by md/p = 1000 .2y - 1000i. given that p = 200, y = 2000, and i = .10, real money demand is equal to?
Marrrta [24]

The real money demand is equal to $2,60,000

Money demand/ P = 1000+0.2Y -1000i

Money demand/200= 1000+0.2(2000)-1000(0.1)= 1000+400-100

=1300

Money demand  /200 = 1300

Money demand  = $1300*200

= $2,60,000

Money demand is the demand for real cash balances as people hold onto money to purchase goods and services. The higher the price level, the more money you need to buy a certain amount of goods.

Learn more about Money demand here:brainly.com/question/24109874

#SPJ4

4 0
1 year ago
Other questions:
  • A stock has an expected return of 11.85 percent, its beta is 1.24, and the expected return on the market is 10.2 percent. What m
    7·1 answer
  • What does sfb allowed mean in real estate?
    8·1 answer
  • Laura understands the reasons her boss assigned other team members to the better projects but thinks the way he told her about i
    9·1 answer
  • One recurring problem in supply chain management is when information about the demand for a product gets distorted as it passes
    10·1 answer
  • Suppose Indiana produces only steel and corn, with fixed amounts of land, labor, and capital resources. Which of the following b
    6·1 answer
  • Natalie walks by a bakery, and her first response to the aroma coming from the store is a desire to eat something sweet and deli
    14·1 answer
  • Janet and James purchased their personal residence 15 years ago for $300,000. For the current year, they have an $80,000 first m
    10·1 answer
  • Examples of mangers organizing
    6·2 answers
  • During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follo
    15·1 answer
  • What are the essential elements for a commodity to be rich in economics.​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!