We can actually deduce here that the statement, "revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed" is true.
<h3>What is revenue?</h3>
Revenue is actually known to be the general or total income that an organization or a firm makes from sales of their goods and services. Revenue made helps to ascertain how the company is fairing in terms of sales and customer retention.
We see here that it is true that revenue is recorded whenever services have performed and the service provider has received the payment.
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Interest, in a savings account, is calculated as a percentage of what you have saved.
A bank will let you know what percentage of interest they pay monthly on your savings account. Each bank can vary by what they pay in interest so it is important to do your research and search for a bank that gives an amount back that is suitable to you. Keeping your money in savings allows for interest to accrue at a faster rate.
If you are an auditory learner, you learn by hearing and listening. You understand and remember things you have heard. You store information by the way it sounds, and you have an easier time understanding spoken instructions than written ones. You often learn by reading out loud because you have to hear it or speak it in order to know it.
Answer:
The correct answer is (B)
Explanation:
Economists are helpful to predict future economic and financial phenomenon’s. In that regard, statistical or mathematical models are considered more appropriate and it is said that they provide better results. In the above scenario, Syd is attempting to construct an economic model for that, the suitable technique to examine the cause and effect to predict the outcomes are mathematical functions. The reason is that mathematical models are more appropriate to predicts cause and effect.
