Answer:
$429,200
Explanation:
Considering the above information, cash collected from customers by Planet Corporation in 2017 would be;
= Accounts receivable January 1, 2017 + Sales on accounts and cash sales - Accounts receivables January 31, 2017
= $21,600 + $438,000 - $30,400
= $429,200
Answer:
B. July
Explanation:
The principle of revenue recognition arises whenever the income is realized or earned whether cash is collected or not and it also supports the accounting accrual basis. Realizable here means that the customer obtains the product however the payment is made afterward.
So, in the given case, the service is provided in the July month and the same is to be recorded on the July month
Answer:
Quality
Explanation:
Quality control, quality assurance, and total quality management are all part of the quality management viewpoint.
x = -17/2 or (decimal form) -8.5
Hope that helps!
Answer: D.) Both A and B are correct.
Explanation:
The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity.
They can do so via several documents first of which is a single Group A document. These could be Driver's License
, Foreign Passport
, Military ID etc.
Then there is to be a single identity from both B1 and B2 as well and these include: Employee ID
, Check Cashing ID
, Food Stamp ID
, Indian Tribal Card and the like.
This is being done to limit terrorist financing and money laundering so utmost compliance is advised.
