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Genrish500 [490]
3 years ago
15

Flyer Co. billed a client for flying lessons given in January. The payment was received in February. Under the accrual basis of

accounting, when should Flyer record the revenue?
Business
1 answer:
blondinia [14]3 years ago
7 0

Answer:

Under the accrual basis of accounting the Flyer should record the revenue in January.

Explanation:

Under accrual basis of reporting revenue or income is recorded when earned. For example in case of manufacturing companies sales are recorded when the product is delivered.

Revenue is recorded on basis of performance obligation. The company shall record revenue on satisfcation of his performance obligation. If the payment is not received the company can record revenue against receivable.

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aliina [53]
Hello,

I believe your answer would be "two strengths one threat"

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8 0
3 years ago
If the consumer price index falls from 120 in 2010 to 116 in 2012, the economy has experienced?
fredd [130]

If the consumer price index falls from 120 in 2010 to 116 in 2012, the economy has experienced deflation of 3.33 percent.

Price index, a measure of relative charge adjustments, such as a sequence of numbers organized in order that contrast between the values for any durations or places will show the common exchange in costs among durations or the common distinction in charges between places.

The price index commonly picks a base year and makes that index value identical to a hundred. every different 12 months is expressed as a percentage of that base yr. In this example, allow 2000 to be the base yr: 2000: unique index price became $2.50; $2.50/$2.50 = one hundred%, so the new index price is a hundred.

In most international locations charge indexes are used to measure inflation, every focusing on the charges of a collection of goods and services critical to a selected segment of the financial system.

Learn more about the price index brainly.com/question/1889164

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7 0
2 years ago
The flow of money in transnational corporations is not balanced. this is true in two ways. explain
AleksAgata [21]
1. Because only 25% of the foreign investment went from MDCs to LDCs.

2. Money is not invested evenly among LDCs (most money went to China).
3 0
3 years ago
Intrinsic motivation contributes to the ________ of work; Incentives contribute to the ________ of work.a. quality; outcomeb. qu
aliina [53]

Answer:

quality:quantity

Explanation:

Intrinsic motivation contributes to the quality of work; incentives contribute to the quantity of work.

This is straight from one of the theories of reward management. These theories agree on a few broad strokes but fundamentally disagree on the overidiing motivation of human workers. Some giants in this field include Maslow, Vroom, Taylor, etc.

8 0
3 years ago
You work as a cashier at the local Grocery Store and make $ 9.00 per hour. You worked 6 hours on
Vesna [10]

Answer:

$216.00

Explanation:

1 day = 6hrs

4 days = 24hrs

1hr = $9.00

24hrs = ?

24×9.00/1

= $ 216.00

5 0
3 years ago
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