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Alexxandr [17]
3 years ago
15

This revenue model provides professional services on a time and materials contract. a. utility and usage revenue model b. franch

ising revenue model c. contractor revenue model d. professional revenue mode
Business
2 answers:
stellarik [79]3 years ago
7 0

Answer:

a. utility and usage revenue model

Explanation:

valina [46]3 years ago
7 0

Answer:

d. professional revenue model

Explanation:

Revenue consists of the total amount of money received by a company for goods sold or the service provided during a certain period of time. There fore, revenue models are part of business models.

A professional revenue model is the framework an organization or a company used in generating revenue. Professional revenue model identifies the revenue source a company will pursue, what value to offer,how to price of the value, and who pays for the value. It simply identifies which product or service to be created in order to generate revenues and the mamer and ways that the product or service will be sold.

In time and materials contract(T&M), parties agrees to unit rates that have been predetermined by both parties in advance. It presupposes billing a client for an actual work scope based on agreement for a particular time especially based on hourly rates of labor. Customers are charged for the amount of hours spent on a specific project, plus on the costs of materials.

So the professional revenue model provides professional services on a time and materials contract .

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Weighted Average Cost Flow Method Under Perpetual Inventory System
Fudgin [204]

Answer and Explanation:

The computation of the cost od merchandised sold for each sale and the inventory balance after each sale is presented in the attachment below;

The perpetual inventory is the system which updated the inventory as on a regular basis

While on the other hand,  the weighted average cost method is the method in which the average cost is calculated after each every purchase is made

In the calculation below:

1. The weighted average cost of $30.90 come from

= (Total inventory cost) ÷ (Total quantity)

= ($180,000 + $1,674,000) ÷ (60,000 units)

= $30.90

1. The weighted average cost of $31.60 come from

= (Total inventory cost) ÷ (Total quantity)

= ($463,500 + $674,100) ÷ (36,000 units)

= $31.60

6 0
3 years ago
Three documents required by Department of Trade and Industry when registering a private company
Alex Ar [27]
Identification
Incorporation document
Memorandum of Incorporation
4 0
3 years ago
Jethro has a(n) ____________________ in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddlin
Alika [10]

Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.

Absolute advantage refers to an individual's capacity to efficiently carry out a task when compared to other individuals or groups.

  • In economics, this broadly refers to the ability and capacity to produce and conduct an economic good or a particular service in a more efficient manner than the competitors.
  • In this case Jethro has an absolute advantage in all aspects of camping.
  • Within the constraints of the economic activity, production is more efficient and higher.
  • Fewer resources are required to produce a particular commodity and/or service that needs higher resources for the competitors.
  • With fewer inputs, the outputs stand maximized in the context of absolute advantage.

Therefore, Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.

Learn more about absolute advantage here:

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5 0
2 years ago
Warner Corp. sells goods on account for $10,000 on April 2. On April 20, the customer returns $3,000 of the merchandise. The cus
Studentka2010 [4]

Explanation:

The journal entry are as follows

On April 20

Sales returns A/c Dr $3,000

       To Account receivable A/c $3,000

(Being the sales returned of goods is recorded)

While recording this given transaction, we debited the sales return account and credited the account receivable account so that the proper posting could be done

6 0
3 years ago
The settlement option that provides for ongoing payments for a period of time is called
Aneli [31]

The settlement option that provides for ongoing payments for a period of time is called annuity. The annuity is a type of insurance contract in which they provide an individual an annual income for a long period of time such as an example of this is a pension.

7 0
3 years ago
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