Answer:
The amount of revenue for the month of July amounts to $1,475
Explanation:
Revenue is the income or the revenue which the business has from the normal activities of the business, mostly from the sale of the goods and the services to the customers. It is acknowledged as the turnover or sales.
So, the transactions which generate the revenue in the following month are:
Received or collected cash from customer for the services worth $1,000
Service is provided worth $475 to the customer on credit
These two transactions are the revenue, therefore, the total amount of revenue is $1,475 ($1,000 + $475).
Ratio Analysis doesn't incorporate the impact of Accounting policies adopted by the business in recognizing Income and Expenses.
The resultant comparison between the companies primarily based on Ratio evaluation could be biased and will no longer exhibit the actual comparison among the companies.
A company's choice in accounting regulations will indicate whether management is aggressive or conservative in reporting its earnings. Accounting guidelines still want to adhere to typically accepted accounting principles (GAAP). Accounting ratios, an vital sub-set of financial ratios, are a collection of metrics used to measure the efficiency and profitability of a organization primarily based on its monetary reviews. They offer a way of expressing the connection between one accounting information point to another and are the premise of ratio analysis. Ratio analysis is a method to understand the liquidity function, efficiency of operations, profitability role, and solvency of a business enterprise. It's far a quantitative approach that makes use of an enterprise's monetary statements, along with the profits statement and the balance sheet.
Learn more about Accounting policy here:-
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Answer:
a. shift up.
Explanation:
Positive externality refers to one's action providing benefit to the other person without any direct intention and motive but with following the general practice of being ethical.
When this is brought in the internal structure then the demand for such products would increase. As this provides for good and improved customer service without any direct intention to increase the monetary income of the organization.
This clearly is a positive boost for the organization.
Thus, this will increase the demand and will tend to move the curve towards right or up.
Answer: The answer is explained below
Explanation:
Intrinsic motivation is the act of doing something that does not have any obvious external rewards. Intrinsic motivation is the behavior which is driven by internal rewards. In intrinsic motivation, the motivation to engage in the behavior comes from within me because I find it naturally satisfying to me.
An example of intrinsic motivation I love is reading books. I do do because I enjoy reading and have keen interest in books and always willing to learn more. The motivation comes from within me. My goal is to always learn new things.
Answer:
The amount should Metlock report as its December 31 inventory is $286,500.
Explanation:
Ending inventory = Phusical count + goods purchased in transit FOB shipping + cost of goods sold in transit FOB destination
= 230000 + 32000+ 24500
= $286,500
Therefore, The amount should Metlock report as its December 31 inventory is $286,500.