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
ludmilkaskok [199]
3 years ago
14

Using accrual accounting, revenue is recorded and reported only a.when cash is received at the time services are rendered b.when

cash is received without regard to when the services are rendered c.if cash is received after the services are rendered d.when the services are rendered without regard to when cash is received
Business
1 answer:
Veseljchak [2.6K]3 years ago
8 0

Answer:

d.when the services are rendered without regard to when cash is received

Explanation:

Accrual based accounting requires that the services should be performed or rendered associated with the revenue when you recognize it. It  does not matter when the cash for the revenue is received. You may received the cash in advance or after some time from you rendering services. As your render the services you can record your revenue.

You might be interested in
A middleman is a person who
Alika [10]

Answer:

A

Explanation:

A middleman is a link between a producer and a consumer. Middlemen includes wholesalers and retailers

Some of the functions of middlemen include

1. They provide information to the producers about consumers' tastes

2. they market producers goods and services  

3. Middlemen render financial help to manufacturers.

7 0
3 years ago
A mixed-market economy is one in which
GalinKa [24]

Answer:

both the government control and the private sector exist

Explanation:

The mixed-market economies are economies that have primarily developed from the command economies, but have implemented market economy elements as well. In this type of economies we have a situation where the governments still have a very important role in the economy, while in the same time, the private businesses are also thriving. The government is usually in control of the most important and abundant natural resources, thus providing security for the country's people and economy. The private businesses are able to operate freely, and they collaborate with the government as a business partner., with both of them being dependent on each other.

8 0
4 years ago
Why does a bank sometimes hold excess reserves?
svetoff [14.1K]
The answer is d: to protect against high prices
6 0
3 years ago
Read 2 more answers
DaaS is utilized for provisioning critical data on demand.
aliya0001 [1]
The is true dad is utilized for provision critical data
7 0
2 years ago
Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total va
vlada-n [284]

Answer:

40%

Explanation:

The markup percentage to the variable cost using the variable cost method can be obtained by dividing the addition of the target profit and total fixed cost by the total variable cost as follows:

Total fixed cost = Fixed overhead costs + Fixed selling and administrative costs = $120,000 + $50,00 = $170,000

The markup percentage to the variable cost = (Target profit + Total fixed cost) / Total variable cost = ($100,000 + $170,000) / $675,000 = $270,000 / $675,000 = 0.40, or 40%.

Therefore, the markup percentage to the variable cost using the variable cost method is 40%.

3 0
3 years ago
Other questions:
  • Bargain Central ​Furniture, Inc. completed the following treasury stock transactions in 2016​: LOADING...​(Click the icon to vie
    12·1 answer
  • A plan to exploit experience-based cost and location economies, transfer core competencies with the firm, and pay attention to l
    12·1 answer
  • Managers are increasingly viewing the world as "one big marketplace" due to globalization and the interconnectedness of national
    7·1 answer
  • A review of small business successes and failures indicates that the Multiple Choice businesses that are easiest to start offer
    9·1 answer
  • Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you
    11·2 answers
  • A closed economy has income of $1,200 billion, government spending of $220 billion, taxes of $170 billion, and investment spendi
    15·1 answer
  • Your client's company wants to determine the relationship between its monthly operating costs and a potential cost driver. The o
    13·1 answer
  • our broker mailed you your yearminusend statement. You have​ $25,000 invested in​ Amazon, $18,000 tied up in​ Boeing, $36,000 in
    13·2 answers
  • Wisconsin Cheddar has introduced an aged jalapeno cheddar. Displays are set up at various retail cheese stores in the state and
    10·1 answer
  • What is common stock ? in your own words. ​
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!