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Lelechka [254]
3 years ago
12

Revenue is traditionally recognized in the accounting records when A. Cash is received. B. Services are rendered. C. It's incurr

ed. D. None of the above balance.
Business
1 answer:
sukhopar [10]3 years ago
4 0

The correct answer is choice b.

Revenue is normally recognized when the services are rendered. At this point in the accounting cycle you would make an entry to record the sale. It would be a credit to Sales/Revenue and a debit to either cash or accounts receivable.

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The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Accounts receivable
Ilya [14]

Answer:

a. $337,000

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Cash provided by Operating activities=Net income+Depreciation+Account receivable+Inventories decreased -Prepaid expenses+Accounts payable increased

Let plug in the formula

Cash provided by Operating activities=$240,000 + $50,000 + $10,000 + $30,000 - $1,000 + $8,000

Cash provided by Operating activities=$337,000

Therefore the cash provided by operating activities was $337,000

3 0
3 years ago
After the manager and employee work together to set the employee’s objectives, what is the next step of mbo?.
mina [271]

The next step after setting objectives is to assign or cascade those objectives to the team members or employees.

<h3>What are the other steps in the MBO process?</h3>

After assigning the objectives to the employees (usually through a line manager), the next steps are to:

  • Monitor performance of those objectives
  • Evaluate performance
  • Reward performance.

Please see the link below for more about Management by Objective:

brainly.com/question/5731723

7 0
2 years ago
Audreys free-throw percentage so far this season is .875. If she makes only 13 of her next 20 free throws, her percentage will d
otez555 [7]

Answer:

245 free throws

Explanation:

x will be number of times Audreys makes a shot, and let y be total number of the shots.

x/y = .875

(x+13)/(y+20) = .860

Let solve for x in equation 1

x = .875y

We will plug the for x in the equation 2

(.875y+13)/(y+20)

= .860

.875y + 13

= .860y + 17.2

.015y = 4.2

y = 280

Audreys has taken 280 shots.

We will Plug that back into the equation 1 in order to find out how many Audreys made.

x/280 = .875

x = 245

Hence :

Audreys made 245 free throws

6 0
3 years ago
The difference in a variable measured over observations (time, customers, items, etc.) is known as
kolezko [41]
<span>The difference in a variable measured over observations (time, customers, items, etc.) is known as the variance. 
</span><span>it is the measure of variability that utilizes all the data and it is calculated by
</span><span> taking the differences between each number and the mean,. Then these differences are squared in order to be positive. At the end the sum of the squares is divided by the number of values in the set.</span>
5 0
3 years ago
Judy asked if she could create a new way of helping customers find the products they wanted. This shows ______.
FinnZ [79.3K]
D. she shows initiative 

4 0
3 years ago
Read 2 more answers
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