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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.

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Doris recently started her position at Monro Company. The company uses the dollar-value LIFO inventory method. On her first day
Furkat [3]

Answer

2

Explanation:

Cost index in dollar - value LIFO method is used to determine the change in prices since the beginning of he base year by comparing the year end inventory to the base layer cost.

The extended cost of the ending inventory at the most recent  price is divided by the cost of the ending inventory at the base year price.

Workings

Cost in term of base layer = $50,000

Cost in term of the layer layer $100,000

Cost index = 100000/50000 = 2

7 0
3 years ago
Nielsen PRIZM uses ________ segmentation to classify every U.S. household as one of 66 unique market segments based on the belie
Gemiola [76]

Nielsen PRIZM uses Market Segmentation.  

Explanation:

Market division is the way toward isolating a market of potential clients into gatherings, or sections, in view of various qualities. The fragments made are made out of buyers who will react also to showcasing procedures and who share qualities, for example, comparable interests, needs, or areas.  

Market division makes it simpler for advertisers to customize their promoting efforts.  

By organizing their organization's objective market into divided gatherings, as opposed to focusing on every potential client exclusively, advertisers can be increasingly effective with their time, cash, and different assets than if they were focusing on buyers on an individual level.

Gathering comparable shoppers enables advertisers to target explicit spectators in a financially savvy way.   Market division additionally lessens the danger of a fruitless or ineffectual showcasing effort.

At the point when advertisers separate a market dependent on key attributes and customize their procedures dependent on that data, there is an a lot higher possibility of progress than if they somehow managed to make a conventional battle and attempt to actualize it over all sections.

7 0
2 years ago
sale of merchandise on account for $36,000 is subject to an 8% sales tax. a. Should the sales tax be recorded at the time of sal
aleksandr82 [10.1K]

Answer:

a.Sales tax to be recorded at the time of sales.

b.36000

c.38880

d.Sales tax payable

Explanation:

a.Because sales tax is subjected to sales so it is liability of seller to charge sales tax to customer.

b. Sales = $36000

c.Account receivable = [36000+(36000*8%)]=36000+2880=38880

       Entry: Dr  Account receivable  38880

                                                      Sales                  36000

                                                   Sales tax payable  2880

d. Sales tax payable, it is liability for a seller to refund to government treasury.

6 0
3 years ago
Next Saturday, best friend, Sol, and I will have separate acts in a citywide talent contest. But we've just made a _____ with ea
Bas_tet [7]

Answer:

truce

Explanation:

Here is the full question :

Next Saturday, my best friend. Sol and I will have separate acts in a citywide talent contest. But

we've just made a _____with each other that will help us from feeling jealous if one of us

wins and one loses. We've decided that if one of us wins that person will share the prize money

with the other one.

Which word BEST completes the sentence?

truce

alliance

treaty

pact

A truce is an agreement between people to stop fighting for a limited.

Sol and his best friend made an agreement that would stop them from fighting

A pact is an agreement between people

3 0
2 years ago
Read 2 more answers
Question 1
Kitty [74]

Answer:

true

Explanation:

true<em> </em><em>yh </em><em>no </em><em>chang</em><em>e</em><em>s </em><em>true</em><em> </em><em>all </em><em>the</em><em> way</em>

5 0
2 years ago
Read 2 more answers
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