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
Lelechka [254]
4 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]4 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.

You might be interested in
Ethics is defined as A) formal codes that permit or forbid certain behaviors. B) a general rule of conduct of personal behavior,
mixer [17]

Answer:

Ethics is defined as moral principles that governa person's behaviour or the conducting of an activity

6 0
3 years ago
In the case of a small country, producer surplus Group of answer choices is not changed by tariffs or quotas. increases the same
rusak2 [61]

Answer:

increases the same amount with tariffs and equivalent quotas.

Explanation:

In Economics, a surplus refer to the amount by which the quantity supplied of a good exceeds the quantity demanded of the same good.

A producer surplus is the amount by which a buyer is willing to pay for a particular good minus the cost of producing the same good.

On the other hand, a consumer surplus is the amount by which a buyer is willing to pay for a particular good minus the amount the buyer actually pays for it.

In the case of a small country, a producer surplus increases (raises) the same amount (an amount a buyer is willing to pay for a good minus the cost of producing the good) with tariffs and equivalent quotas.

A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.

Generally, tariffs can reduce both the volume of exports and imports in a country. In order to generate revenues, domestic government make use of tariffs while quotas do not generate any revenue for them.

4 0
3 years ago
A firm offers terms of 1.6/10, net 60. a. What effective annual interest rate does the firm earn when a customer does not take t
leva [86]

Answer:

case 1: 12.49%

case 2: 21.20%

case 3:   9.48%

case 4:  13.98%

Explanation:

the rate stands for the period between the last day of the discount and the last day the invoice can be cancelled at nominal.

we equalize this with a rate which capitalize annually and solve for this rate:

(1+discount)^{(net-d_t)/365} =1+r_e\\ r_e = \sqrt[(net-d_t)/365]{1+discount}

case 1:

r_e = \sqrt[(60-10)/365]{1+0.016}

re = 0.1249 = 12.49%

case 2:

r_e = \sqrt[(60-10)/365]{1+0.026}

re = 0.2120 = 21.20%

case 3:

r_e = \sqrt[(75-10)/365]{1+0.016}

re = 0.0948 = 9.48%

case 4:

r_e = \sqrt[(60-15)/365]{1+0.016}

re = 0.13977 = 13.98%

3 0
3 years ago
What is the product of 546 × 5
Tasya [4]
Your answer is 2730!!!!!!
6 0
3 years ago
Carl won 23,672 dollars that will be paid to him in full 6 years from now. Unfortunately, he needs cash right now to pay his cre
dusya [7]

Answer:

$17,664

Explanation:

The amount of money that Carl father has to pay for his monetary prize occur in the future is shown below:

Present value = Amount paid × (P/F, 5%,6)

Present value = $23,672 × 0.7462153966

= $17,664

hence, the amount that willing to pay is $17,664 and the same is to be considered

We simply applied the above formula so that the correct value could come

7 0
3 years ago
Other questions:
  • Kuzma​ Foods, Inc. has budgeted sales for June and July at $ 680 comma 000 and $ 765 comma 000​, respectively. Sales are 85​% ​c
    10·1 answer
  • George works in an office where smoking is allowed. George develops lung cancer and sues his company, Lennie L.L.C., for hazardo
    15·2 answers
  • Which of the following is NOT one of the major factors that is credited for contributing to the rise of advertising?
    7·1 answer
  • At December 1, 2022, Coronado Industries Accounts Receivable balance was $15790. During December, Coronado had credit sales of $
    15·1 answer
  • What type of drive train will light trucks,sport utility vehicles,and off-road vehicles contain?
    9·2 answers
  • A national sales organization has implemented sets of training courses on its intranet, with a link that allows employees to fin
    12·1 answer
  • MV Corporation has debt with market value of ​million, common equity with a book value of ​million, and preferred stock worth mi
    10·1 answer
  • When problem-solving, a person should ask:<br> who.<br> how.<br> where.<br> why
    9·2 answers
  • Calculate the arithmetic average returns for large-company stocks and T-bills over this period. (Do not round intermediate calcu
    5·1 answer
  • A local bank will pay you $99 a year for your lifetime if you deposit $1,100 in the bank today. If you plan to live forever, wha
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!