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.
Answer: a. is not subject to federal income tax and so these bonds pay a lower interest rate than otherwise comparable bonds issued by the U.S. government
Explanation:
Federal income taxes are the taxes that are used in the provision of national programs like settling national debt, infrastructural development, national defense, law enforcement etc.
If an individual owns bonds that are issued by the city of Sacramento, California, it should be noted that the interest that is earned each year on these bonds is not subject to federal income tax and so these bonds pay a lower interest rate than otherwise comparable bonds issued by the U.S. government. Comparable bonds that are being issued by the United States government pay an higher interest.
Answer:
22,600 units
Explanation:
The computation of the units started is shown below:
Ending work in process inventory units = Beginning work in process inventory units + units started - units completed and transferred
1,100 units = 0 units + units started - 21,500 units
1,100 units = units started - 21,500 units
So, the units started units would be
= 1,100 units + 21,500 units
= 22,600 units
Answer:
Amount received= $2,674.50
Explanation:
Stock brokerage firms are financial institutions that manage a client's assets. They represent a client when they are buying or selling stocks.
Stock brokers usually charge a fee when performing brokerage services for clients.
In this case the stock broker charges $120 per stock trade
Amount received= (Unit price * Number of shares) - Stock broker fee
Amount received= (18.63*150) - 120
Amount received= $2,674.50
