Answer:In the month of May, Revenue was only earned from Customer C $3,400 and customer D, $2,300. Revenue was not earned from Customers A and B in the month of May. Therefore, total revenue is $5,700.
Explanation:In accordance with the principle of revenue recognition,Revenue will only be recognised when it is earned and services when they are fully rendered. For Customer A, the service has not been rendered, Therefore, the revenue is not yet earned.
For customer B, Although agreement has been reached and goods delivered, since payment hasn't been received, revenue is not recognised.
Answer:
Yes, these facts are valid against Hannah which comes under Ratification Doctrine.
Explanation:
Here in the question its given that Hannah had allowed her friend to lend her computer for a one week period which was during her thanks giving break.
During those times Carol sold that laptop to a friend which was one of them in their class without asking hannah about this.
Now when after the break hannah and carol both return then carol told her that she had sold her laptop because she was getting an amount from the buyer which was too good to pass up so shesold it that moment.
Now when she gave that money to Hannah she instead of scolding her thanked her and her expression was seeming to be like she had done an awsome job for her.
So, based on the facts the contract was valid because it came under Ratification Doctrine.
Answer:
<em>sales budget</em>
Explanation:
A budget is an an estimate of income and expenditure for a set period of time. it is called operating budget when we are referring to a company. Because a company needs to know the estimate of sales for each quarter, month, or time period before they can determine how many units to be produced.
It is very important for the sales estimate to be correct so that the company knows how many units to produce. If the estimate is underestimated the inventory would be insufficient for customers, they may go somewhere else to satisfy their needs.
If there is an overestimation it will make the company spend more cash than necessary, leading spoilage or losses.
<span>The national academy in Quantico is operated by the <u>“Federal Bureau of Investigation (FBI)”.</u></span><u>
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Located 36 miles outside Washington DC and specifically
operated by the Bureau’s Training Division, the FBI academy is dedicated to
being the premier law enforcement learning and research center in the world.</span>
Answer: <u><em>Fred must pay based on an implied-in-fact contract theory.</em></u>
Implied contract are agreement where the state of the individuals who makes them enter into an agreement which is not neither written nor explicitly elaborated.
In this scenario, even though there were no prices stated, but the order for food was placed , that implies an agreement or implied contract.