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
Diano4ka-milaya [45]
3 years ago
8

Consider the following three scenarios:

Business
1 answer:
telo118 [61]3 years ago
3 0

Answer:

(C) II, III only

Explanation:

I. the date the service was performed is on June 1st, Therefore revenue will be recoganized on June 1st.

II. Melly Corp received advance payment for raw material to be delivered to Drake Inc. in 6 month, Therefore revenue cannot be recognized on June 1st.

III. Lodo, LLC collected cash on June 1st for service rendered on May 1st. Therefore revenue will not be recoganized on june 1st

The revenue that cannot be recognized on June 1st for II and III case.

You might be interested in
Calculate the overhead cost per unit for each Beaker Computer, using overhead rates based on machine hours and setup hours.
san4es73 [151]

Answer:

a very nice qualification a very nice both song

7 0
2 years ago
Who decides whether a suspect will be tried for an alleged crime
Nadusha1986 [10]
District attorney decides if a suspect will be tried for a crime.
5 0
3 years ago
Read 2 more answers
Active endeavors specializes in sporting equipment. recently, it has decided to add to its business units by opening a steakhous
poizon [28]
<span>Active endeavors specializes in sporting equipment. Recently, it has decided to add to its business units by opening a steakhouse near a convention center. This strategy is an example of: conglomerate diversification. 

Conglomerate diversification is a growth strategy when organizations add new products or services that are vastly different from anything they've sold prior. These new business opportunities are unrelated to their previous and operate completely different. 

</span>
5 0
3 years ago
Why can wholesalers afford to offer trade discounts?
wariber [46]

Answer:

Wholesalers buy products from manufacturers at a lower price than other businesses because they receive discounts for volume buying.

Explanation:

I have no explanation really to say. Thats just the answer.

5 0
3 years ago
What are the two basic parts of a management plan?
weqwewe [10]

Answer: banks statements and break down of property structures.

6 0
3 years ago
Other questions:
  • Springfield Co., based in the U.S., has a cost from orders of foreign material that exceeds its foreign revenue. All foreign tra
    6·1 answer
  • Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her wit
    8·1 answer
  • Mark works strictly on commission of his gross sales from selling two different products for his company. last​ month, his gross
    5·1 answer
  • 2. Cathy started her own line of custom-made and hand-embellished wedding shoes. She opened up her own shop, paying $2500 as a o
    13·1 answer
  • Suppose an economic boom causes incomes to increase and, at the same time, drives up wages for the sales representatives who wor
    14·1 answer
  • gossip is normal. i don't think it actually hurts anyone, said a new co-worker. what's the best way to respond? a. as long as no
    9·2 answers
  • Preparing a consolidated income statement - with noncontrolling interest, but AAP or intercompany profits
    13·1 answer
  • If the government and Central Bank don't use economic policy, what could happen?
    7·1 answer
  • Mega corp.has $10,000 in net income and $40,000 in sales. What is mega corp.’s profit margin?
    12·1 answer
  • Firms use both the __________ and __________ models. in fact, these models complement each other in that one focuses outside the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!