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3 years ago

Consistent with____recognition principle, companies record revenue at the time goods are provided to customers.

Business

1 answer:

Sonbull [250]3 years ago

4 0

Answer:

Revenue

Explanation:

In finance, revenue recognition principle can be associated to acrrual accounting, it stated that recognition of revenue should only take place when revenue is earned or received, it shouldn't be when there is received cash. It helps to know periods that revenue is needed to be recognized.

It should be noted that Consistent with revenue recognition principle, companies record revenue at the time goods are provided to customers.

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JoPacks sold 500 backpacks in September. Total variable costs were $7,500, total fixed costs were $10,000, and profit was $4,000

aivan3 [116]

Answer:

$18,000

Explanation:

Total revenue - total cost = profit

total cost = variable cost + fixed cost

when 500 units were sold

total revenue - ( $10,000 + $7,500) = $4,000.

revenue = $21,500

to determine profit when 1000 units are sold, we have to determine the price and average variable cost

Price = revenue / total unit sold = $21,500 / 500 = $43

Average variable cost = $7,500 / 500 = $15

For 1000 units sold

revenue = price x units sold = 1000 x $43 = $43,000

total variable cost = $15 x 1000 = $15,000

total cost = $15,000 + $10,000 = $25,000

Profit = $43,000 - $25,000 = $18,000

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3 years ago

2(10-24x)+y2evaluate the expression when x=3 and y=5

Semenov [28]

your correct answers is 114

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3 years ago

Salvatore and Annette are sales managers for Acme USA. Both work full-time in the Acme offices under the same manager, and share

Bogdan [553]

Answer:

The correct answer is the option B: Acme willfully misclassified Annette as an independet contractor and is liable under Fair Labor Standards Act of 1938.

Explanation:

First of all, an <em>independet contractor</em> is the name that a person receives when provides goods or services under a written contract however they do not work regularly for an employer but work as required.

Secondly, the <em>Fair Labor Standards Act of 1938</em> is a United States Labor Law that creates certain standards that must be accomplished by the employers regarding topics like a minimum wage, ''time-and-a-half'' overtime pay and many others. The basic of this act is to establish standards and protect particular situations regarding the less benefited employees.

Finally, in the case of Acme, where Annette was hired as a independent contractor the company willfully misclassified her due to the fact that she has the same duties and hours of job as Salvatore therefore the company is liable under the Fair Labor Standards Act of 1938 to give her the same salary and health insurance.

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4 years ago

Ag-Coop is a large farm cooperative with a number of agriculture-related manufacturing and service divisions. As a cooperative,

Anon25 [30]

Answer:

See complete solution in the picture attachment.

Explanation:

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3 years ago

why might profit maximisation be considered inappropriate by a firms stakeholders other than shareholders

Archy [21]

Profit maximization is often considered inappropriate by a firms stakeholders (like the government or the company's employees) other than shareholders because stakeholders have more of an embedded, and oftentimes less-financial interest in the company than shareholders, who can invest in a company without really caring much about what the company does. Profit maximization usually involves risk, which can be riskier for the stakeholder than the shareholder.

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4 years ago