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
blsea [12.9K]
3 years ago
10

On August 31, 2019, Montana Corporation signed a 4-year contract to provide services for Minefield Company at $30,000 per year.

Minefield will pay for each year of services on the first day of each service year, starting with September 1, 2019. Using the accrual basis of accounting, when should Montana recognize revenue?
Business
1 answer:
masha68 [24]3 years ago
8 0

Answer:

The answer is: Montana should recognize its revenue equally throughout the year as they provide their services.

Explanation:

The accrual basis of accounting recognizes revenue when earned. This means that Montana Corporation should recognize revenue when its service has been performed, regardless of when those services were paid. That means they should recognize revenue equally throughout the year (every month) as they provide their services.

You might be interested in
________________________ diagnose, replace, maintain, identify faults with, and repair electrical wiring and computer-based equi
ololo11 [35]

The answer is light line technicians as they are the ones responsible of providing care and fixing the components of the vehicles, whether they will diagnose it, replace and identify the faults that causes failures and complications to the vehicles, they are the ones who are responsible for providing the support it needs.

<span> </span>

4 0
3 years ago
How do you suppose the demographics of an aging population of "baby boomers" in the united states will affect the demand for mil
Aleksandr-060686 [28]
I would say the aging "baby boomers" will not consume much milk as that is more common for babies and young children to consume it so therefore I think that the overall demand will decrease so milk sales will decrease significantly.
6 0
4 years ago
When does a student need to file the FASFA?
Anastasy [175]
<h3>Hello there!</h3>

Your question asks when does a student need to file the FAFSA.

<h3>Answer: Every year of college attendance </h3>

The reason why "every year of college attendance" would be the correct answer is because the FAFSA is required to be filled out yearly by the students.

The FAFSA stands for Free Application for Federal Student Aid, meaning that this aid will give students the chance to receive financial aid. The reason why they ask for students to file every year because there could be one year where a student doesn't need the financial aid, and there are other years where the student needs the financial aid badly, and this is just to ensure that they're giving money to the right people. This is because financial aid could change for every year. They also have people file the FAFSA yearly to see if they have any other family members that got into college.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3><h3 />
7 0
3 years ago
Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.40 dividend every year, in perpetuity. If thi
Alina [70]

Answer:

7.92%

Explanation:

7 0
4 years ago
When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:
VARVARA [1.3K]

Complete Question:

When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:

Group of answer choices

A. size of the particular project.

B. plan's presentation procedure that is expected in your own organization.

C. project's complexity.

D. All of these are correct.

Answer:

D. All of these are correct.

Explanation:

Financial analysis can be defined as the process of analyzing the stability, profitability, accuracy and viability of a business entity through its financial statements.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Hence, when preparing the financial analysis for a business plan, the required statements and schedules will depend on the following;

A. size of the particular project.

B. plan's presentation procedure that is expected in your own organization.

C. project's complexity.

8 0
3 years ago
Other questions:
  • Adeeb has listed his condo with Maria's broker and she is his listing agent. The listing agreement is signed and the day to begi
    10·1 answer
  • Jorge Ortega has been using a 10 percent capacity​ cushion, servicing 60 customers an hour. There is a good deal of customer​con
    8·1 answer
  • Which statement regarding project selection is BEST? a) Organizational reality can be perfectly captured by most decision-making
    14·1 answer
  • Why is it important for a marketer to understand how a customer makes that final purchasing decision?
    6·1 answer
  • One difference between B2C and B2B e-commerce is that the: a. B2B transaction involves little or no negotiation. b. B2C transact
    10·1 answer
  • Identify two places in model 1 where the property listed does not fit the trend identified in
    7·1 answer
  • Using T-accounts show what happens to reserves at Security National Bank if one individual deposits $1,000 in cash into her chec
    14·1 answer
  • With respect to variable costs per unit, which of the following statements is true? (1.20 points) A They will increase as produc
    15·1 answer
  • Herr Corporation has 3,000 shares of 8%, $120 par value preferred stock outstanding at December 31, 2017. At December 31, 2017,
    13·1 answer
  • Diamond Brands manufactures rice, wheat, and oat cereals. Sanders Company has approached Diamond Brands with a proposal to sell
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!