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OleMash [197]
3 years ago
15

During 2019, Revitup, Inc., an exercise video retailer, sold $24,000 of videos to its customers. Revitup collected $22,000 and e

xpects to receive the remaining $2,000 in January 2020. Revitup's income statement for the year ended December 31, 2019 will report revenue of $
Business
1 answer:
Oksanka [162]3 years ago
4 0

Answer:

$24,000

Explanation:

Since in the question it is provided that there is a sale value of the videos to its customers i.e. $24,000 also the collection is of $22,000 and the remaining balance i.e. $2,000 is expected to collect in Jan 2020

Based on the above information, the revenue should be reported on the income statement at the $24,000 as this amount represent the sale value of the videos to its customers and hence, the same is to be considered

Hence, 24,000 would be reported as a revenue in the income statement

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The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly.
Bond [772]

Answer:

$60 per unit

Explanation:

Total overheads:

= Overheads of fabrication department + Overheads of assembly department

= $90,500 + $109,700

= $200,200

Total labor hours:

= Blinks + Dinks

= (1,013 × 4) +  (1,859 × 5)

= 4,052 + 9,295

= 13,347

Overhead rate per hour = Total overheads ÷ Total labor hours

                                        = $200,200 ÷ 13,347

                                        = $15 per hour

Total overhead cost for blinks:

= Total hours for blinks × rate per hour

= 4,052 × $15 per hour

= $60,780

Overhead cost per unit for Blinks:

= Total overhead cost for blinks ÷ Total units

= $60,780 ÷ 1,013

= $60 per unit

5 0
3 years ago
________ is the conscious designing of retail space and its various dimensions to evoke certain effects in buyers.
Ivahew [28]

Answer:

Atmospherics

Explanation:

Atmospheric in retail space are referred to the tools used by the retailer to lure customer for visiting the store, these luring factors are very different from their rivals and keep them apart from others. These factors could be color, music, lighting, smell, design, etc which attract customers to enter the store for shopping, later customer ends up shopping as they like the atmosphere of the shop.

5 0
3 years ago
Which of the following statements about aims and objectives is untrue? Select one: a. An aim describes what the learners will be
netineya [11]

Answer:<em> Option (b) and (d) are untrue.</em>

Explanation:

From the given option, the following statement about aims and objectives are untrue<em>:</em><em> An objective describes what the learners will be able to do with the language by the end of the lesson, You could have one overall aim and some secondary aims.</em>

<em>Aim is in regards with what you hope to do, your comprehensive purpose in project. It will gesticulate what/where you aspire to be at the end of the project. An aim is usually wide. It is earnest, but not beyond the bounds of possibility.  </em>

<em>Whereas; </em>

<em>There are  more than one objective, these can be referred to as  the specific steps taken to achieve our aim. </em>

7 0
3 years ago
He utilitarian approach proposes that actions and plans should be judged by their consequences. research reveals that stakeholde
Usimov [2.4K]
According the utilitarian approach actions and plans should be taken<span> in a way that will produce the greatest benefit to society and produce the least harm at lowest cost and</span> judged by their consequences. The utilitarian approach proposes that actions and plans should be judged by their consequences. research reveals that stakeholders who have the ability to affect the company have​ the most power; whereas stakeholders that have​ legitimacy have a legal or moral claim on company resources.
7 0
3 years ago
Which term refers to the total value of all goods and services produced within a given period by a national economy domestic fac
stepan [7]

Answer:

Gross Domestic Product"refers to the total value of all goods and services produced within a given period by a national economy domestic factors of production

5 0
1 year ago
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