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]
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.

You might be interested in
Dell is a product of the Digby company. Digby's sales forecast for Dell is 1856 units. Digby wants to have an extra 10% of units
Mumz [18]

Answer:

Dell's Production After Adjustment will be 2,041 units

Explanation:

According to the given data we have that Dell forecast for sales is 1856 and there considering the 10% reserve first we would need to calculate the number of units after the reserve of 10% as follows:

10% reserve units=0.10×1856=185 units

Therefore, total required units=1,856+185

total required units=2,041 units

Dell's Production After Adjustment will be 2,041 units

5 0
3 years ago
I need help on number 8 9 and 10 please help
elena55 [62]

Answer:

8. The opportunity cost is c. wearing the shoes

9. To gain the most satisfaction possible

10. A new toy is less exciting to a child with many toys

Explanation:

3 0
2 years ago
What amount is a reasonable tip for an airport skycap?
Nikitich [7]
At least $2 per bag as most airlines don't pay.
3 0
3 years ago
Read 2 more answers
Which of the following statements is false? Multiple Choice The short run refers to a period of less than one year. In the long
Jet001 [13]

Answer:

The short run refers to a period of less than one year.

Explanation:

The statements is false that the short run refers to a period of less than one year.

The short run, long run and very long run are different time periods in economics.

<u>Short run – where one factor of production (e.g. capital) is fixed</u>.

long run – Where all factors of production are variable,

Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>

7 0
3 years ago
The Procter &amp; Gamble (P&amp;G) Company produces bar soap, disposable diapers, deodorants, laundry detergents, cookies, cake
Airida [17]

Answer:

Product Mix

Explanation:

Product Mix is defined as the combination of products produced to increase the market share of the company and ultimately the profits for a company. The Procter and Gamble (P&G) Company produces many different products including deodorants, cookies, shampoo, cake mix, disposable diapers, laundry detergents, bar soaps and many other types of products to increase the market share of the company.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Shaw Company engages Maya Company to produce a large machine, install the machine, and train their employees on the machine. The
    13·1 answer
  • Barton Industries expects that its target capital structure for raising funds in the future for its capital budget will consist
    12·1 answer
  • Online and offline marketing content is meant to drive action, which requires a focus on buyers problems. Effective brand journa
    12·1 answer
  • Problem 10-3A On January 1, 2017, Evers Company purchased the following two machines for use in its production process.
    8·1 answer
  • Bryant leased equipment that had a retail cash selling price of $690,000 and a useful life of six years with no residual value.
    7·1 answer
  • Calculate the price elasticity of supply for Bobbie's Bakery's sourdough loaf. When the price changes by 23 % 23% , the quantity
    7·1 answer
  • Cedric Company recently traded in an older model computer for a new model. The old model's book value was $140,000 (original cos
    11·1 answer
  • PM Industries has two service departments (Administration and Maintenance) and two operating departments. Departmental costs bef
    11·1 answer
  • ART Inc. has come out with a new and improved product. As a result, the firm projects an ROE of 25% a year until the end of year
    11·1 answer
  • how to find percentage of the portofolio must be invested in the first and second investment respectively?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!