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lozanna [386]
3 years ago
13

All of the following situations contribute to the need for a company to recognize deferred revenues, except for:

Business
1 answer:
blondinia [14]3 years ago
7 0

Answer: C) mutually unexecuted contracts between buyers and sellers.

Explanation:

Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.

In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.

This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.

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Governments at the federal, state and local levels enact laws that influence consumer behavior in all of the following ways, exc
Crazy boy [7]

All of the following ways that consumer behavior is influenced by laws that are passed by federal, state, and municipal governments, with the exception of, providing incentives to purchase specific brands over others.

<h3>What are the many governmental levels?</h3>

The federal government, state governments, and municipal governments are the three tiers of governance in the United States.

The U.S. Constitution grants Congress, the President, and the Federal courts, respectively, the authority to act as the legislative, executive, and judicial departments of the federal government. Three branches make up the federal government, which is the main and highest level of government in the US.

The first tier or level of democratic government is the Panchayati Raj system. Since the members of the Gram Sabha chose the Panch and the Gram Panchayat, they are accountable to the Gram Sabha.

To learn more about governmental levels, refer to?

brainly.com/question/9261004

#SPJ4

5 0
1 year ago
You are given the following information for Sookie's Cookies Co.: sales = $51,200; costs = $39,600; addition to retained earning
ipn [44]

Answer:

The depreciation expense for the company is $4615.

Explanation:

profit before depreciation and tax = (sales - cost) - interest expense

= ($51,200  - $39,600)  - $1,560  

= $10040

Addition to retained earnings = $2,320

dividends paid = $935

tax rate = 40 percent.

Addition to retained earnings = [(Profit before depreciation and tax - depreciation expense ) * (1- Tax)] - dividend paid

$2320 = [($10040 - depreciation expense)* (1 - 0.40)] - 935

$3255 = ($10040 - depreciation expense)* 0.60

$5425 = $10040 - depreciation expense

Depreciation expense = 10040 - 5425

                                      = $4615

Therefore, The depreciation expense for the company is $4615.

5 0
3 years ago
The Jennings Group reacquired 3 million of its shares at $76 per share as treasury stock. Last year, for the first time, Jenning
ra1l [238]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
3 0
3 years ago
On March 1, 2016, Gold Examiner receives $159,000 from a local bank and promises to deliver 95 units of certified 1-oz. gold bar
Levart [38]

Answer:

Detailed step wise solution is given below:

8 0
3 years ago
The manager of a manufacturing company knows that they will need a new machine in one of their factories. The new machine will c
KonstantinChe [14]

Answer:

The monthly repayment is $304.33

Explanation:

The actual cost of the machine is $12,500,the amount to be paid monthly over 3 years is $12500-(15%*$12,500)=$10625

$10,625  is to be repaid over three years on monthly basis

We can use pmt formula in excel

=pmt(rate,nper,pv.fv)

rate is 2% per year to be divided by  12 months in order to arrive at monthly

2%/12=0.001666667

nper is 3 multiplied by 12 as there are twelve repayments in a year which is 36

PV is the present value of the loan which is $10,625

FV is the future which is zero

=pmt(0.001666667 ,36,-10,625,0)

=$304.33

6 0
3 years ago
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