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
kolbaska11 [484]
4 years ago
10

For $50 a month, Rawl Co. visits its customers’ premises and performs insect control services. If customers experience problems

between regularly scheduled visits, Rawl makes service calls at no additional charge. Instead of paying monthly, customers may pay an annual fee of $540 in advance. For a customer who pays the annual fee in advance, Rawl should recognize the related revenueEvenly over the contract year as the services are performed.At the end of the contract year after all of the services have been performed.When the cash is collected.At the end of the fiscal year.
Business
1 answer:
Fofino [41]4 years ago
4 0

Answer:

The answer is: Rawl Co. should recognize the related revenue evenly over the contract year as the services are performed.

Explanation:

According to the conservatism principle, Rawl Co. should record revenues and assets only when you are sure that they will occur. So they should record revenue only as the service is provided on a monthly basis.

It should determine the monthly payment = $540 / 12 = $45 per month.

So at the end of every month, it should recognize $45 as revenue.

You might be interested in
Mary signed up and paid $1,260 for a 6 month ceramics course on June 1st with Choplet Ceramics. As of August 1st, Choplet’s acco
Karo-lina-s [1.5K]

Answer:

Answer:

$420 of revenue, $840 of deferred revenue

Explanation:

Data provided in the question

Paid amount = $1,260

Given months = 6 months

Number of months = 2 months

For two months, the revenue is

= Paid amount × number of months ÷ given months

= $1,260 × 2 months ÷ 6 months

= $420

Now the deferred revenue is

= Paid amount - revenue

= $1,260 - $420

= $840

Hence, the revenue is $420 and the deferred revenue is $840

6 0
3 years ago
Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be financed en
Diano4ka-milaya [45]

The net income that must be expected to warrant starting the business is: $47,925.

<h3>Net income</h3>

Using this formula

Net income = ROE × Total equity

Let plug in the formula

Net income = 13.5% × $355,000

Net income = $47,925

Therefore the net income that must be expected to warrant starting the business is: $47,925.

Learn more about net income here:brainly.com/question/15530787

#SPJ1

7 0
3 years ago
Carlos, a manager, redesigns the job of Dani, a subordinate, so that she has more responsibility over her job. This is the proce
vodomira [7]

Answer:

The correct answer is C

Explanation:

Job enrichment is a technique which is for common motivational and used or follow by the firms or the organizations for giving an employee satisfaction in the work. In short, means that giving employee extra responsibilities which is prior reserved with manager.

In other words, it means that it provides the employee more self management in his or her duties. By doing the job enrichment, employee is more mentally stimulated when they have to take up the decision making roles, authoritative roles, which help them keeping focused on their objectives or goals and tasks of the business and company.  

So, in this case, manager redesign the job of his subordinate, giving more responsibilities. This process or procedure known as job enrichment.

4 0
3 years ago
How does the merchandising cycle move fashion forward? FASHION MERCHANDISING
Anvisha [2.4K]

Fashion merchandising is the promotion of apparel sales and involves all of the tasks necessary to deliver the clothing requests and meet the needs of potential customers and designers.

8 0
3 years ago
Time management and world view college success
Stolb23 [73]

Explanation:

As most students discover, college is not the same as high school. For many students, college is the first time they are “on their own” in an environment filled with opportunity. And while this can be exciting, you may find that social opportunities conflict with academic expectations. For example, a free day before an exam, if not wisely spent, can spell trouble for doing well on the exam. It is easy to fall behind when there are so many choices and freedoms.

One of the main goals of a college education is learning how to learn. In this chapter we zoom in on learning how to skillfully manage your time. To be successful in college, it’s imperative to be able to effectively manage your time.

In the following Alleyoop Advice video, Alleyoop (Angel Aquino) discusses what many students discover about college: there is a lot of free time—and just as many challenges to balance free time with study time

7 0
4 years ago
Read 2 more answers
Other questions:
  • A fast-food restaurant serves hamburgers, cheeseburgers, and chicken sandwiches. The restaurant counts a cheeseburger as equival
    15·1 answer
  • If a rooster lays a egg at the top of a tilting roof which way does the egg go ?​
    10·2 answers
  • On December 1, 2008, Secure Company bought a 90-day forward contract to purchase 200,000 euros (€) at a forward rate of €1 = $1.
    9·1 answer
  • Supply chain complexity and scale increases when firms move to globalization. manage the procurement, manufacturing, and distrib
    14·1 answer
  • ... During a strong storm, Missy’s grain drill was mangled by a tornado, which rendered it useless. Before the damage, the grain
    12·1 answer
  • Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo
    12·2 answers
  • When moving from Point C to Point D on Nation X's PPF, the cost of 1 more Computer is ____ Agricultural products not produced. E
    6·1 answer
  • Assume the sales budget for April and May is 47,000 units and 49,000 units, respectively. The production budget for the same two
    14·1 answer
  • Ou are considering a savings bond that will pay in years. if the interest rate is , what should you pay today for the bond?
    12·1 answer
  • Write a response to the following behavioral question using the behavioral question response model. Remember, if you do not have
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!