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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.

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M/b ratios typically exceed -select- , which means that investors are willing to pay more for stocks than their accounting book
skad [1K]

M/b ratios typically exceed one, which means that investors are willing to pay more for stocks than their accounting book values.

The Book value is the carrying amount of the company's assets minus the receivables (such as company liabilities) that exceed common stock. The term book value comes from the accounting practice of accounting for assets at their original costs.

The Book value of a company is total assets minus total liabilities. Total assets and total liabilities are included on the balance sheet of the annual and quarterly reports.

Book value refers to the value of the asset reported on the balance sheet, that is, the value of the asset after the accumulated depreciation has been recorded. Every company owns multiple assets. Therefore, every business also has a book value, which is the present value of the asset minus the liability or accrued debt.

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4 0
2 years ago
Which audience analysis anticipates resistance if something is going to cost money?
Katena32 [7]

The audience analysis that anticipates resistance if something is going to cost money is a situational analysis. This is further explained below.

<h3>What is situational analysis?</h3>

Generally, An organizational situation may be better understood by doing a situational analysis, which is a set of techniques for evaluating both the internal and external variables of a company.

In conclusion, A situational analysis is the kind of audience analysis that determines whether or not there will be opposition to anything if it will cost money.

Read more about situational analysis.

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6 0
2 years ago
An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti
Andru [333]
<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
8 0
3 years ago
A small construction firm specializes in building and selling single-family homes. The firm offers two basic types of houses, mo
Dovator [93]

Answer

The answer and procedures of the exercise are attached three images. The maximum profit is 262.500

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in three images.

8 0
3 years ago
Which of the following is not associated with firms following the global standardization strategy? A. Low pressures for local re
zvonat [6]

Answer:

The correct option is D. Customize product offering and marketing strategy to local conditions

Explanation:

Global standardization strategy refers to the ability to use a particular standard of marketing internationally. In other words, it's the ability for an organization to use the same marketing strategy from one country to another country, and across various cultures.

What this means is that an organisation using the global standardization strategy will treat the world as largely one market and one source of supply with little local variation.

Therefore, the firms following the global standardization strategy will not Customize product offering and marketing strategy to local conditions .

4 0
3 years ago
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