The correct answer is A) July 31st.
Orange County shows that the revenue was recognized on July 31st.
The other options of the question were B) August 1. C) August 5. D) August 6.
To be successful, a business needs good control and operation systems. Accounting is of the utmost importance when controlling the finances of a company. You have to keep your records straight. Your accountant needs to clearly understand when to record revenue in your book. So the accountant has to understand the general principles of accounting. According to the revenue recognition principle, revenue has to be recognized when they are realized, so you keep it in the book.
Answer:
doctor
Explanation:
Making sure everyone is well taken care of and prescribed the right medication
<u>Answer:
</u>
Out of the following prices, the price of 7 barrels of beer per crate of olives would make the trade beneficial for both Greece and Switzerland.
<u>Explanation:
</u>
- As we know that in Greece, a single crate of olive costs five barrels of beer. Where on the other hand, in Switzerland, one crate of olive costs ten barrels of beer.
- Hence, if Greece agrees on giving one crate of olives on every seven barrels (two barrels more than what it costs in Greece), the trade would be beneficial for Greece.
- Similarly, if one crate of olives costs seven barrels of beer instead of ten barrels, the trade would be beneficial for Switzerland too.
Unemployment continues to rise to unacceptable level. As David Lipton said if the government are to navigate this dangerous period. Government must respond concretely to all of these challenges. Despite of political obstacles. This is important to all countries specially South Africa.
Answer:
C. 2.253
Explanation:
The time between orders in WEEKS in a 52 week year can be calculated as follows
DATA
Annual Demand (D) = 1800 rolls
Cost per roll = $900
Annual holding cost (Ch) = 15% of $900 = $135
Ordering cost (Co) =$225
Solution
EOQ = 
EOQ = 
EOQ = 78 rolls
Number of orders = 1800/78
Number of orders = 23.077
The time between orders = 52/23.077
The time between orders = 2.253
