Assume the following scenarios.

Business

1 answer:

slega [8]3 years ago

6 0

Answer:

Scenario 1: It will recognize 10,600 revenue as the services were performed.

Scenario 2: It will recognize 1,560 revenue and the difference will be considered a sales discount.

Scenario 3: The services were provided during 2021 the cash disbursement are not linked to future services thus, Manitowoc will recognize 390,000 as sales revenue

Scenario 4: the company will recognize revenue for 30,600

If the remainining is expected to not be collected the accounting will use the allowance for doubtful account and bad debt expense to match the expense when the period they were generate but, it will not decrease the sales reveneu account.

Explanation:

You might be interested in

A house sold for $950,000 with a sales commission rate of 7.5%. The listing brokerage received 50% of the total commission and t

aleksandrvk [35]

Answer:$14,250

Explanation:

The total commission recieved is

950,000 x 7.5% = $71,250

The listing brokerage and the selling brokerage both received 50% of that sum which is

71,250/2 = $35,625

The Sales person gets 40% of the Selling brokerage's cut which would be

35,625 x 40% = $14,250

8 0

3 years ago

At the beginning of the current period, Griffey Corp. had balances in Accounts Receivable of $239,000 and in Allowance for Doubt

denis-greek [22]

It’s c hopefully this helps

3 0

3 years ago

What is one drawback shared by both monopolies and oligopolies?

garik1379 [7]

Answer:A.They can harm consumers by fixing prices.

3 0

3 years ago

"We chose this plan because it would benefit the majority of you, and harm the fewest" would be an example of using this perspec

Alborosie

Answer:

utilitarian perspective

Explanation:

In simple words, utilitarian approach refers to a method for making decisions in case of ethical dilemmas. Under this approach, the decision making authority makes judgement by focusing on the greater good, that is, making judgement that benefits the most of the individuals and harm the least.

This theory states that every party's interest should be taken into consideration equally as every related individual to the judgement is capable of suffering . However this approach is used when it is not possible to benefit all the stakeholders equally.

6 0

3 years ago

Holding other things constant, an increase in the inflation rate in the US compared to China may cause the demand for dollar to

Oliga [24]

Increase and increase. If it’s wrong please let me know!

6 0

3 years ago