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iris [78.8K]
3 years ago
11

A company accepts a customer's order on November 30 and immediately delivers the goods to the customer. On December 1, the compa

ny sends the customer an invoice stating payment is due no later than January 1. The company receives a check from the customer for the full amount due on December 22. The company follows the revenue recognition principle and accrual-basis accounting. On what day should the company recognize revenue for this order?A) November 30B) January 1C) December 31D) December 22E) December 1
Business
1 answer:
Step2247 [10]3 years ago
6 0

Answer:

A) November 30

Explanation:

Based on accrual principle of accounting, revenue is recognized when it is earned and not necessarily when cash is received.

Revenue is said to be earned when the obligation of the delivery of service or goods sold has been met.

As such, where a company accepts a customer's order on November 30 and immediately delivers the goods to the customer, revenue is said to be earned (and will be recognized ) on the day of delivery.

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You decide that you need more information on how employees feel about diversity, so you create a paper and pencil survey on empl
fgiga [73]

Answer:

Discrimination against women and other minorities

Explanation:

The most likely ground for concern would be Discrimination against women and other minorities.

Diversity in the workplace means that an organization employs a diverse team of persons that reflects the views of the society in which it exists and operates. Through diversity and inclusion, no employee is treated unfairly on account of their gender, race, ethnicity.

Discrimination in labor markets, occurs when workers who have the same skill levels by education, experience, and expertise receive different pay because of their race or gender.

4 0
4 years ago
Lidell Inc. budgeted production of 48,000 personal journals in 20Y6. Each journal requires assembly. Assume that three minutes a
mote1985 [20]

Answer:

Direct labor cost= $31,200

Explanation:

Giving the following information:

Production= 48,000 units

Standard time= 3 minutes per unit

Rate= $13 per hour

First, we need to calculate the number of hours required:

The proportion of minuted per hour= 3/60= 0.05

Number of hours= 48,000*0.05= 2,400 hours

Now, the direct labor cost:

Direct labor cost= 2,400*13= $31,200

7 0
3 years ago
Bianca, a manager at Glass Eye Inc., leads a team of 20 employees. Veronica is Bianca's least preferred coworker as she finds Ve
Hoochie [10]

Answer:

As Veronica is non-cooperative that means she doesn't care for the team so In this scenario, Veronica has a task-oriented leadership style.

Explanation:

Relationship-Oriented Leadership:

Such leadership style in which the leaders focus more on the team especially for the motivations of members of his team and their well being. As Veronica doesn't show positive attitude towards the team so she doesn't has this style.

Country Club Leadership:

In this leadership style, leaders are more concerned about the happiness of their teams rather than results as they believe if their team mates are satisfied then they can achieve their goals in an efficient way.

Task-Oriented Leadership:  

In this leadership style, leadership are focusing on the task and goals rather than their team members (creativity, motivation and well being of team members) like in our scenario Veronica has task oriented leadership.

Team Management:

It is defined as the quality of an individual or an organization to manage their team members in order to work efficiently to achieve their set goals. It involves the coordination and communication of all the team members and results in the alleviation of conflicts and strong bonding of team.

8 0
3 years ago
You have recently been hired as the assistant controller for Stanton Industries. Your immediate superior is the controller who,
Nata [24]

Answer:

Answer is given below.

Explanation:

it is absolutely exploitative to adjust the maturing of the records receivable with no legitimate explanation so as to diminish the remittance made so as to expand the benefit and show an off base monetary record figures to the partners. The controller can't subjectively choose to change the records receivable to cut down the noncollectable records as at some point or another a similar will be found during review and a similar will be hailed off as a fake. The long haul results you would confront incorporate landing terminated from the position, having your authorized dropped in the event that you are CPA and may likewise confront lawful prosecutions. You should disclose to the controller that so as to simply introduce a decent benefit for the present year it can place into the danger for the future and put their vocation in question. Additionally, a similar won't be valued by the investors and the organization may go on free its altruism.

5 0
4 years ago
Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making. Which of the fol
Andrei [34K]

Answer:

Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.

It has several advantages, some of them are pointed out below:

o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.

o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.

o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.

o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.

Hope this helps you. Good Luck.

3 0
3 years ago
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