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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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What is a well-informed, but often neglected, source of free marketing data? A. infomercials B. college professors C. Secondhand
klemol [59]

The correct answer is option B - COLLEGE PROFESSORS. The Academia is a brilliant source of free marketing data, and they are very knowledgeable and well-informed. However, the academia is often neglected because entrepreneurs usually ignore and/or overlook them

4 0
3 years ago
Social capital facilitates _______________. a. how the organization will spend its money b. the decision of whether to adopt a n
zvonat [6]

Answer: Option C

 

Explanation: Social capital refers to the additional success an organization get due to its positive relationships and communication network both within and outside the organisation. It is not a decision making but an ongoing process and is considered necessary in modern business environment.

The media houses could affect the business operations at a high level. Thus, positive relationships with the media houses can bring the organisation an edge over its competitors.

As it is related to relationship building and management it could be facilitated by the social capital.

 

7 0
4 years ago
A five-sided lot has the following dimensions: side A = 44', side B = 67', side C = 91', side D = 18', and side E = 55'. What is
enyata [817]

Answer:

275

Explanation:

You will add all the figures;that is;44+67+91+18+55=275

5 0
3 years ago
. In a perfectly competitive market, the demand curve facing each individual seller is assumed to be ... a) perfectly inelastic
bagirrra123 [75]

Answer:

e) perfectly elastic

Explanation:

Elasticity is a measure of the sensitivity of demand to the price of a product. If demand is elastic, bidders should avoid raising prices as demand decreases considerably. Conversely, when demand is inelastic, consumers are less sensitive to price changes. When demand is perfectly elastic, this means that a slight increase in the price of a good will cause all demand to flow to a competing supplier. This is observed in competitive markets where providers provide the same type of good for the market price. If one of them raises the price, he loses all of his market share. This is because consumers are rational and will buy the product that is offered at the lowest possible price.

8 0
3 years ago
Cage company had net income of $365 million and average total assets of $2,040 million. its return on assets (roa) is?
elixir [45]

Cage company had a net income of $365 million and average total assets of $2,040 million. its return on assets (ROA) is 17.6%.

Net salary is the total net salary after deducting all taxes and other employee benefits. This is the amount deposited in your bank account that you can use for your budget and living expenses. Simply put, Gross Salary - Deductions = Net Salary.

Net income is the income of an individual or business after deducting expenses, allowances, and taxes. In commerce, net profit is what is left in the business after all expenses such as salaries and wages, cost of goods and raw materials, and taxes.

Learn more about net income at

brainly.com/question/15530787

#SPJ4

3 0
1 year ago
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