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
mote1985 [20]
3 years ago
15

In the Month of March, Chester Corporation received orders of 154 units at a price of $15.00 for their product Clack. Chester us

es the accrual method of accounting and offers 30 day credit terms. Chester delivers 102 units in March and the balance of 51 units in April. They received payment for 51 units in March, 51 units in April, and 51 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
Business
1 answer:
julsineya [31]3 years ago
8 0

Answer:

March revenue:

102 units x 15 dollar each = 1,530

April revenue

51 units x 15 dollars each =   765

Explanation:

We recognize based on the delivery of the goods which is the point at which the trasnfer of ownership occurs. Once the good are delvierired; the customer is the owner of them and can use them as see fit, is responsabile for their condition and wellbeing.

You might be interested in
The best gift i ever received​
Nadusha1986 [10]

Answer:

The best gift I ever received is none other than my parents, given to me by God on my birthday. Nowadays, not every child is fortunate enough to have both parents to nurture them. As for me, I am lucky to be raised by two loving parents. They provide shelter and care so that we can live comfortably.

Explanation:

this is the correct answer you want

please follow me ☺️

8 0
3 years ago
Read 2 more answers
Ramos Company has the following unit costs: Variable manufacturing overhead$15 Direct materials 13 Direct labor 17 Fixed manufac
zhannawk [14.2K]

Answer:

Unitary cost= $56

Explanation:

Giving the following information:

Variable manufacturing overhead $15

Direct materials $13

Direct labor $17

Fixed manufacturing overhead $12

Fixed marketing and administrative $11

Under absorption costing, the fixed overhead is allocated to the product cost:

Unitary cost= direct material + direct labor + variable overhead + fixed overhead

Unitary cost= 13 + 17 + 15 + 11= $56

3 0
3 years ago
Luis is giving a presentation at a business conference. So many people have signed up for his session that it is taking place in
katen-ka-za [31]

Answer:

<u>Stand upright behind a podium to project authority.</u>

Explanation:

For Luiz to make a good presentation and meet the expectations of so many people attending his session, it is ideal that he uses a podium in the room to project authority and increase people's visibility. This will help you retain the audience's attention so that your presentation can flow accurately and dynamically, and that communication is delivered effectively.

5 0
3 years ago
Assume you had determined that John Firestone, vice president of Pierce Chemicals, was a prospect for your paper and metal conta
Nuetrik [128]

Answer: Please refer to Explanation.

Explanation:

1. Honesty.

State the purpose of your call to the secretary and sell your product. For instance, " Hello, my name is Mr. Petal and I represent a fast rising Paper and Metal Container company. After researching about your company, I felt it most expedient to get in touch with Mr. Firestone as I believe this is business he will be interested in. We offer perks that are unmatched in the industry".

2. Persistence.

You can be persistent on the phone if you detect deceit in the secretary's tone.

For instance,

" Having been in the chemical industry myself, I know such an opportunity does not come often and I really do guarantee that we give the best benefits in the industry. If you can, just let me talk to Mr. Firestone, I promise that neither of you will regret it".

If it still doesn't work, ask for a convenient time you can call back.

4 0
3 years ago
Under absorption costing, fixed manufacturing overhead is expensed at the time the units are produced. Under variable costing, f
ladessa [460]

Answer:

A. True

Explanation:

In the case of absorption costing, the fixed manufacturing overhead should be incurred at the time when the units are generated or produced. While on the other hand, in the case of variable costing the fixed manufacturing overhead should be incurred at the time when the units are sold

Therefore the given statement is true

Hence, the correct option is a.

4 0
3 years ago
Other questions:
  • Lupe is a student who wants to open a bank account. Which type of bank is most likely the best option for her needs?
    12·2 answers
  • Use your knowledge of the different concepts related to the communication process to classify the following statement or situati
    7·1 answer
  • Apple has been working on what it believes is a revolutionary new technology. CEO Tim Cook is finally ready to showcase this tec
    8·1 answer
  • What is the American opportunity credit for 2018
    9·1 answer
  • On june 1, 2017, james places in service a new automobile that cost $40,000. the car is used 60% for business and 40% for person
    9·2 answers
  • If a typical firm in a perfectly competitive industry is earning profits. True or False
    6·1 answer
  • 1) Show the effect of the following transactions on the Accounting Equation:
    9·1 answer
  • As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly
    12·1 answer
  • If oligopolistic firms facing similar cost and demand conditions successfully collude, price and output results in this industry
    5·1 answer
  • Gary, Peter, and Chris own a firm as partners. Gary has a capital balance ofâ $22,000; Peter a capital balance ofâ $42,000; and
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!