1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nina [5.8K]
3 years ago
6

A company received an order from a customer in June for services to be provided. Those services were provided in July, and the c

ustomer paid the full amount in August. According to the revenue recognition principle, in which month should the company record revenue?
A. June.B. July.C. August.D. Evenly over the three months
Business
1 answer:
scZoUnD [109]3 years ago
8 0

Answer:

B. July

Explanation:

The principle of revenue recognition arises whenever the income is realized or earned whether cash is collected or not and it also supports the accounting accrual basis. Realizable here means that the customer obtains the product however the payment is made afterward.

So, in the given case, the service is provided in the July month and the same is to be recorded on the July month

You might be interested in
when Jorge became one of three final candidates for managerial position with a large pharmaceutical company
aleksklad [387]

Jason appreciated that the director took time to conduct a realistic job preview.

<h3>What is Realistic job preview?</h3>
  • Realistic job preview (RJP) is a technique that businesses and organizations use to explain the positive and negative aspects of a work to potential new hires or to remind current employees of the responsibilities of their positions.
  • Realistic job previews should give applicants a comprehensive overview of the duties they can anticipate carrying out when working for that particular business. Descriptions may cover the work atmosphere, goals, and company policies, among other things (rules, restrictions).
  • The psychological contract between employer and employee, often known as the employee exchange, is at the core of realistic job previews.

To learn more about realistic job preview with the given link

brainly.com/question/14839721

#SPJ4

Question:

When Jason became one of three final candidates for a managerial position with a large pharmaceutical company, the director of the department scheduled a special meeting with him. There, the two talked about the stressful deadlines and heavy travel required of the position, as well as the compensation and benefits. Jason appreciated that the director took time to conduct a(n) __

6 0
1 year ago
When you see an advertisement for a store and decide to shop there, which element of the marketing mix has succeeded?
diamong [38]

Answer:

Promotion

Explanation:

Because it is telling people that the product is ready for them to buy it

5 0
3 years ago
which of the following are the two main roles in a market? a. marketer b. seller c. shareholder d. buyer e. manager​
aev [14]

Answer:

i believe it is the buyer, because they own the business, and the manager, because if the manager doesn't do their job, the whole business could go down.

Explanation:

5 0
3 years ago
The condition that results from society not having enough resources to produce all things people would like to have is known as
cricket20 [7]
The answer would be B. Scarcity
7 0
3 years ago
What are the three major phases of a marketing plan?
Virty [35]

Answer:

Planning Phase.

Implementation Phase.

Evaluation or Control Phase.

Explanation:

The three main phases involved in the marketing plan are

Planning Phase -  in this stage all focus is on planning and management of the marketing process

Implementation Phase-  it involves the implementation of all the process on a systematic way that decided on the planning phase

Evaluation  Phase - in this stage checking the process takes place. The main motive behind the implementation of this process is to ensure that the goal of the marketing policy is fulfilled or not.

3 0
3 years ago
Other questions:
  • One-year interest rates are currently 2.50% in the United States and 3.70% in Great Britain. The current spot rate between the p
    8·1 answer
  • Essay of circular flow
    8·1 answer
  • The MU/P ratio for good X is greater than the MU/P ratio for good Y. To achieve consumer equilibrium, the consumer reallocates d
    13·1 answer
  • According to Karl Marx, workers in a capitalist economy are alienated from the product or products they produce because all of t
    5·1 answer
  • Schwartz's model suggests that: Select one: A. We are always aware of our values and how they influence us B. Values are formed
    10·1 answer
  • During 2017, Skysong Inc. changed from LIFO to FIFO inventory pricing. Skysong began operations in 2015 and its pretax income in
    6·1 answer
  • A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
    13·1 answer
  • The general ledger journal entry in the General Fund to record actual expenditures and reversal of the associated encumbrance wo
    6·1 answer
  • Suppose Susie can own 100 turkeys or 5 peacocks. What is the opportunity cost of owning one peacock?
    13·1 answer
  • Which type of contract is not assignable?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!