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4 years ago

Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is

1 answer:

4 0

The right answer for the question that is being asked and shown above is that: "c. the revenue recognition principle. " Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is the revenue recognition principle.

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Which of the following statements about restrictive covenants is TRUE?

BlackZzzverrR [31]

Answer:

"A"

Explanation:

Restrictive covenant is a form legally binding agreement , used in trading and employment contracts ,that confines buyer to certain conditions and keep them away from some others.This means that a legal suit can be initiated if violated. It can be further grouped into non-compete ,non-solicitation and non disclosure and confidentiality agreement.

Due to its legal and enforceable nature , it takes priority over less restrictive zoning ordinances.

3 0

3 years ago

The Herman Company uses a joint process to produce products W, X, Y and Z. Each product may be sold at its split-off point or pr

Gala2k [10]

Answer:

W: positive contribution of 6,000

Z: positive contribution of 1,000

X: negative of 1,000

Y: negative of 6,500

Explanation:

value at the end- value at split off = value added for processing:

value added - addtional cost = advantage/disadvantage of processing

W (22,500- 7,500) - 9,000 = 15,000 - 9,000 = 6,000

X (20,000 - 13,5000) - 7,500 = 6,500 - 7,500 = (1,000)

Y (15,000 - 9,000) - 12,500 = 6,000 - 12,500 = (6,500)

Z (12,500 - 6,500) - 5,500 = 6,000 - 5,500 = 1,000

7 0

3 years ago

An increase in the amount of physical capital per worker _____, while technological progress _____. makes the aggregate producti

marissa [1.9K]

Answer:

shifts up the aggregate production function; moves the economy along the aggregate production function

Explanation:

An increase in the amount of physical capital per worker shifts up the aggregate production function, while technological progress moves the economy along the aggregate production function.

In the case of an increase in the amount of physical capital per worker, what is implied is that at the same number of labor, output increases; this will shift the aggregate production function outwards.

However in the case of technology, the scenario does not say that technology is remaining at the same level but is progressing for output to increase, hence the movement will not be a shift in the curve but a movement along the curve.

7 0

3 years ago

Read 2 more answers

If income increases by 10% and, in response, the quantity of housing demanded increases by 7%, then the income elasticity of dem

Katen [24]

Answer:

the income elasticity of demand is 0.7

Explanation:

The computation of the income elasticity of demand is shown below:

As we know that

Income elasticity of demand is

= Percentage change in quantity demanded ÷ Percentage change in income

= 7 ÷ 10

= 0.7

hence, the income elasticity of demand is 0.7

The same is relevant

4 0

3 years ago

The P/E ratio for a certain stock was high. This means _____.

Lerok [7]

Answer:

Number 4. I just did this on odyssey ware

Explanation:

6 0

3 years ago