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larisa [96]
3 years ago
12

Sales revenues are usually considered earned when an order is received. cash is received from credit sales. adjusting entries ar

e made. goods have been transferred from the seller to the buyer.
Business
1 answer:
lesya [120]3 years ago
8 0

Answer:

The answer is C. goods have been transferred from the seller to the buyer

Explanation:

Revenue Recognition states one should recognize revenue when it is earned and not only when cash is received.

Option C. is correct.

When goods have been transferred from the seller to the buyer, it means the buyer has bought something and the ownership and risk for the asset have been transferred to the seller. Well, this doesn't say whether cash is received at the point of exchange or not but revenue has been earned.

Option A is wrong. This transaction affects accounts receivable because revenue for this must have been collected before

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A portfolio is invested 16 percent in Stock G, 56 percent in Stock J, and 28 percent in Stock K. The expected returns on these s
3241004551 [841]

Answer:

16.16%

Explanation:

The formula to compute the expected rate of return is shown below: -

Expected rate of return = (Weightage of Stock G × Expected Returns G) + (Weightage of Stock J × Expected Returns J) + (Weightage of Stock K × Expected Returns K)

= (16% × 10%) + (56% × 16%) + (28% × 20%)

= (0.16 × 0.1) + (0.56 × 0.16) + (0.28 × 0.20)

= 0.016 + 0.0896 + 0.056

= 0.1616

= 16.16%

4 0
3 years ago
A foreign currency ___________ is a contract giving the purchaser (the buyer) the right, but not the obligation, to buy or sell
Vera_Pavlovna [14]

Answer:

The correct answer is: Option; premium or option price.

Explanation:

As the name implies, an option refers to the right that is given to a potential buyer of capital goods to exercise currency trading within a specified time and amount. To carry out this process, an in-depth study must be carried out in order to make the best investment decision, for the benefit of both parties.

For its part, the price of the premium or option refers to the amount paid by the buyer in order to exercise the legitimate right over the capital asset. The premium corresponds to the value paid in excess and that represents a higher value for the seller within market estimates.

5 0
3 years ago
One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors. True or false?.
MrMuchimi

True. One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors.

<h3>What is a predetermined overhead rate?</h3>

This is the term that is used to refer to the allocation rate that is used in the determination of the estimated cost of the manufacturing overhead. It is used to show in either the order of the product or that of the job.

Hence based on this question we can say that it is true because the reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors.

Read more on overhead rate here: brainly.com/question/13312583

#SPJ1

3 0
1 year ago
The cost to produce was $20 per unit in 2019. During 2020, it has increased to $23 per unit. In 2020, Supplier Company has offer
MaRussiya [10]

Answer: Differential cost is $5 per unit

Explanation:

Differential cost is the extra cost that the company would incur if they made the product themselves versus if they bought it from an outside supplier.

Differential cost is therefore:

= Cost to produce internally - Cost from supplier

= 23 - 18

= $5

<em>likely</em>

4 0
2 years ago
1. What age group represents the highest percentage of taxpayers in 2016?
Salsk061 [2.6K]
Out of the roughly 142 million filers, people under the age of 35 account for 35 percent of all returns but just 17 percent of total AGI. By far, the largest number of filers are between the ages of 35 and 55, and they account for nearly half of total AGI
8 0
3 years ago
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