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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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A decline in interest rates is expected to __________.
bulgar [2K]

A decline in interest rates is expected to put the economy in recession. This is because with less interest comes less money earned and less spending as a result.

8 0
3 years ago
Read 2 more answers
There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season ticket
In-s [12.5K]

Answer: quantity demanded of Packers tickets decreased.

Explanation:

First and foremost, we should note that normal goods are the goods that when the income of an individual rises, the individual will buy more and in a case whereby the income reduces, the person will buy less.

Therefore, during recession when people's incomes decreased, the quantity demanded of Packers tickets decreased as well

7 0
3 years ago
Your son is born today and you want to make him a millionaire by the time he is 50 years old. You deposit $50,000 in an investme
mel-nik [20]

Answer:

1000000= 50000 (1+ \frac{i}{1})^{1*50}

20 = (1+i)^{50}

20^{1/50} = 1+i

i = 20^{1/50} -1 = 0.0617

And if we convert this into % we got i = APR = 6.17 \%

See explanation below.

Explanation:

We assume that we have compounding interest.

For this case we can use the future value formula given by:

FV= PV (1+\frac{i}{n})^{nt}

Where:

FV represent the future value desired = 1000000

PV= represent the present value = 50000

i = the interest rate that we desire to find in fraction

n = number of times that the interest rate is compounding in 1 year, since the rate is annual then n=1

t = represent the number of years= 50 years

So then we have everything in order to replace and we got:

1000000= 50000 (1+ \frac{i}{1})^{1*50}

Now we can solve for the interest rate i like this:

20 = (1+i)^{50}

20^{1/50} = 1+i

i = 20^{1/50} -1 = 0.0617

And if we convert this into % we got i = APR = 6.17 \%

7 0
3 years ago
Fein Company provided the following information relating to cash payments:
BlackZzzverrR [31]

Answer:

Fein Company

Schedule of Cash Payments

For the Month of August 202x

Salaries expenses:

From July salaries                  $3,230

<u>From August salaries            $31,860</u>

Total salaries                        $35,090

Direct materials:

From July purchases             $61,600

<u>From August purchases        $14,600</u>

Total direct materials            $76,200

Overhead expenses:            $64,850

Debt payments:

Principal                                 $15,000

<u>Accrued interests                      $450</u>

Total debt payment              $15,450

Total cash payments           $191,590

6 0
3 years ago
In the ethical decision making process, moral imagination is used by decision makers while ________.
lapo4ka [179]

In the ethical decision making process, moral imagination is used by decision makers while they consider available alternatives to make an effective decision.

<h3>Ethical decision-making process</h3>

It is essential that this process is guided by the company's set of policies and requirements, which are in compliance with legal norms and promote the development of organizational systems.

Therefore, decision makers need to identify the nature of the decision and the necessary information that will help to consider the available alternatives for the decision to develop possible resolutions and the assessment of the impact of their decision.

The choice of ethical decision must always be prioritized in favor of maintaining organizational transparency that generates greater reliability and positioning in the market.

Find out more information about decision making process here:

brainly.com/question/24864682

7 0
2 years ago
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