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
9966 [12]
2 years ago
15

Lewis Co. sold merchandise to AdCo for $43,000 and received $43,000 for that sale one month later. One week prior to receiving p

ayment from AdCo, Lewis made a $9,000 payment to AdCo for advertising services that have a fair value of $5,000. After accounting for any necessary adjustments, how much revenue should Lewis Co. record for the merchandise sold to AdCo?
Business
1 answer:
Sav [38]2 years ago
7 0

Answer:

Explanation:

Revenue recognition= [Transaction price-(Payment to advertisement-fair value)

Transaction price = $43,000

Payment to advertisement = $9,000

Fair value = $5,000

Thus, the revenue should Lewis co. record for the merchandise sold to Adco is:

= $43,000 - ($9,000 - $5,000)

= $39,000

You might be interested in
Baker Corp. is required by a debt agreement to maintain a current ratio of at least​ 2.5, and​ Baker's current ratio now is 3. B
Orlov [11]

Answer:

$1.67 Million

Explanation:

Current asset = 15 Million    

Current liabiltiy = 15 Million/3

                          = 5 Million    

Let the inventory X can be purchased with short term debt without violation

per current ratio requirement    

(15 + x)/5+x = 2.5    

       15 + x  = 12.5 + 2.5x    

            2.5 = 1.5x    

               x = $1.67 Million

Therefore, $1.67 Million inventory can Baker purchase without violating its debt agreement if their total current assets equal​ $15 million

7 0
3 years ago
Which one of the following is a good way to deal with frustration?
Korolek [52]
Hey there!

The correct answer to this is D. Try to remove the obstacle that's blocking the goal. By doing so, we can create a positive change in our life :)

Thanks! :D
3 0
3 years ago
Read 2 more answers
Suppose that capital becomes more productive. What would we expect to happen? Choose one:
Nata [24]

<u>Answer:</u>

<em>D. The equilibrium interest rate and amount invested would both increase </em>

<em></em>

<u>Explanation:</u>

Investment spending is a significant classification of actual GDP. Not exclusively is it the most unstable piece of real GDP; however, speculation spending on physical capital is additionally a significant supporter of financial development. Things being what they are, if a firm needs to construct another processing plant, where does it get the assets to assemble it? The investment of loanable assets depends on investment funds. The interest in loanable assets depends on getting.

6 0
3 years ago
Suppose workers notice a fall in their nominal wage but are slow to notice that the price of things they consume have fallen by
kvasek [131]

Answer:

The correct answer is <em>Temporarily low and so supply a smaller quantity of labor</em>.

Explanation:

The inflation index is a variable that takes little to be identified by people. Although the price of products may have volatile movements, a decrease in the first place will lead to "Normal" behavior, which is expected to increase in the future.

In terms of work, it influences negatively because employees will feel little commitment and will be discouraged to see a decrease in their income.

7 0
3 years ago
An U.S. company buys a new industrial sewing machine from a company located in France. This would cause: Group of answer choices
dem82 [27]

Answer: a decrease in U.S. next exports and increase in U.S. investment

Explanation:

Net export is the measure of a country's total trade. Net exports can be calculated by subtracting the value of all goods and services a county imports from the value of the total goods and services the country exports.

When exports reduce and imports increase, then the net exports (exports ‐ imports) will reduce. Since the U.S. company buys a new industrial sewing machine from a company that is located in France, this means that the U.S net export will decrease.

The sewing machine can be used for the production of cloth. This will lead.to an increase in investment.

8 0
3 years ago
Other questions:
  • Victoria is creating a brochure for her photography studio. She designed the layout and placed a photo in the center of the page
    8·1 answer
  • Cardinal Industries had the following operating results for 2018: Sales = $34,318; Cost of goods sold = $24,212; Depreciation ex
    15·1 answer
  • Afirm has production function q=10"(L^0.5)*(K^0.5), where "L"0.5" means "L raised to the 0.5 power," and the same applies to the
    5·1 answer
  • On January 15, 2021, Vancey Company paid property taxes on its factory building for the calendar year 2021 in the amount of $1,0
    12·1 answer
  • To generate higher profit margins, producers must work to
    11·2 answers
  • Perry, a buyer for Superior Products Company, a manufacturer of bulletin boards and other office supplies, visits a lumberyard a
    7·1 answer
  • Location Score
    5·1 answer
  • On July 1, a company paid the $3,360 premium on a one-year insurance policy with benefits beginning on that date. What will be t
    6·1 answer
  • In an economy open to international trade ________.
    13·1 answer
  • What is Advertising , according to the Advertising practitioners council of Nigeria ​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!