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melomori [17]
3 years ago
13

A company received an order from a customer in June

Business
1 answer:
asambeis [7]3 years ago
8 0

Answer:

b. July

Explanation:

According to the revenue recognition principle, the revenue has to be recognised in the period the services are provided.

In the question, the services were provided in July, so the revenue needs to be recognised in July,

The fact that the order was received in June or that the payment from the customer was received in August is not relevant for purposes of revenue recognition.

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A substantial revision of the income tax code that made business and personal tax returns much easier to complete would tend to
finlep [7]

Answer:

c. a decrease in the wage rate of accountants

Explanation:

As a result of the revision that makes personal tax returns much easier to complete, people would no longer need the services of accountants to calculate their tax returns. As a result, the demand for accountants would fall, all other things remaining equal.

The fall in demand would lead to a fall in wage rate of accountants

Please check the attached image for a graph explaining this concept

6 0
3 years ago
Manufacturing overhead data for the production of Product H by Shakira Company are as follows.Overhead incurred for 45,100 actua
Fittoniya [83]

Answer:

Total overhead cost variance                                      $

Standard fixed overhead cost ($9 x 45,100 hrs)    405,900

Less: Actual fixed overhead cost                             <u>411,000 </u>

Total overhead cost variance                                   <u> 5,100 (A)</u>

Explanation:

Total overhead variance is the difference between standard fixed overhead cost and actual fixed overhead cost. Standard fixed overhead cost is overhead rate multiplied by actual direct labour hours. Overhead rate is the total of variable overhead and fixed overhead rate ($8 + $1 = $9).

8 0
3 years ago
When entering traffic, you should activate your turn signal after
yanalaym [24]
Check traffic<span> around </span>you<span> (rear, sides and front). Look for a gap of 4 to 5 seconds in</span>traffic<span>. </span>Activate your turn signal<span> (do this at least 100 feet before </span>you<span> make the lane change). Check </span>your<span> mirrors (rear-view then </span>your<span> side mirrors).</span>
6 0
3 years ago
The management at ABC Computers believes that high sales will result in high profits. Together with the company sales force, man
meriva

Answer:

sales orientation

Explanation:

Sales Orientation -

It is the business method to make profit just by selling the products to the customer rather than considering the needs of the customer , is known as sales orientation .

This method is adapted by to increase the profit margin.

Hence , from the question , the company is using , sales orientation .

4 0
2 years ago
The Bureau of Labor Statistics reported the consumer price index as 229.6 in December 2012, and 246.5 in December 2017. By what
slega [8]

Answer:7.4%

Explanation: In December 2017, the CPI stood at 246.5 up from 229.6 in December 2012. This is a 7.4% increase [(246.5-229.6) /229.6] *100=7.4

4 0
2 years ago
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