Answer:
Recognize revenue when service is performed.
Explanation:
Revenue recognition principle is an accounting principle which states that revenue should only be recognized when it is earned(when service has been rendered or completed) and not when cash is being collected.
What the above means is that revenue can only be earned when services are completed or rendered and not necessarily when payment is made. The reason is that payment may not be made for several weeks even after service has been rendered hence the principle or concept is incorporated into the accrual basis of accounting.
Answer:
any individual under the age of 18 years. ... This rule is subject to several types of contracts which a minor will be bound by, and his right to repudiate such contracts.
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Answer:
If immature value is on top of an average prices, it implies that if the vendor isn't ready to offer the merchandises on demand the loss are going to be four times than value of the product sustains in record. So, it's suggest-able that sustain record in stores supported demand.
a) The optimum service level are going to be 95%
b) 79 units will be the optimal order quantity.
Answer:
$90; $900
Explanation:
Given that,
Amount of deposits = $100
Required reserve ratio = 10%
Required reserves:
= Amount of deposits × Required reserve ratio
= $100 × 10%
= $10
Excess reserves = Deposits - Required reserves
= $100 - $10
= $90
Money multiplier:
= 1/ Required reserve ratio
= 1/ 0.1
= 10
Money Supply:
= Amount of excess reserves used for lending × Money multiplier
= $90 × 10
= $900
The money supply could eventually grow by as much as $900.