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Rudik [331]
3 years ago
10

Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm

prepares monthly financial statements, when should it recognize revenue from this engagement? The law firm should recognize the revenue in________
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

Answer:

The month of April

Explanation:

Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm prepares monthly financial statements, the law firm should recognize the revenue in April because according to revenue recognition principle, revenue should be recognized in the accounting period in which services are performed, and Susan zupan performed the work in April so therefore the firm should recognize the revenue in April.

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1. What are consumer goods?
joja [24]

1. Consumer goods are goods bought and used by consumers, rather than by manufacturers for producing other good.

2. This answer is your opinion so i cant really help with that

3. He was fined $5,000 for each game if he wore the shoes.

4. This answer is also your opinion so i cant help with that either

5. A focus group is a demographically diverse group of people assembled to participate in a guided discussion about a particular product before it is launched.

6. Introduction, growth, maturity, and decline.

7 and 8 are your opinion also :)

hope this helps :)

3 0
3 years ago
Three reasons why people might accidentally overdraw are:
Schach [20]

Explanation:

Before answering the question, we need to know what overdraw means. So overdraw is basically the drawing the excess of money which the account of a person actually holds. In simple words, when the money in someone account is more than the amount he thinks. He thinks he has more amount in his account and when he tries to withdraw, he comes to know the real amount. This could be because of many reasons, three of which are as follows:

They withdraw the amount from ATM and they may not record it. secondly they may have made a mistake in their arithmetic while estimating their equity, and thirdly, they might have forgotten to make a deposit.

All these reasons could be the reason for overdraw.

4 0
3 years ago
You must pick one of two​ wagers, for an outcome based on flipping a fair coin. 1. You win ​$440 if it comes up heads and lose ​
UkoKoshka [18]

Answer:

See Below

Explanation:

Expected value is the sum of the products of the probability and payoff of each.

<u>Wager 1:</u>

probability of heads and tails, both is 0.5

Win = 440

Loose = 110

So,

Expected Value = 440(0.5) + (-110)(0.5) = 220 - 55 = $165

<u>Wager 2:</u>

Similar to wager 1

Win = 770

Loose = 220

So,

Expected value = 770(0.5) + (-220)(0.5) = 385 - 110 = $275

2nd wager is better, in this sense.

4 0
3 years ago
Sam, a citizen of Tennessee, files a suit in a Tennessee state court against United Sales Corporation, a Wyoming company that do
trasher [3.6K]

Answer: .The correct answer is a). the case is being heard for the first time.

Explanation: A court has original jurisdiction over a case when a case is being heard for the first time.

This cases are heard directly without any intermediary or appellate review.

8 0
3 years ago
Read 2 more answers
What is meant by Sandel's use of the phrase "a common currency"?
Zinaida [17]

Answer:

C. Sandel meant that utilitarianism aims to level all values to equal standing so that they can be quantified and measured

Explanation:

The common currency is the currency that are shared by the different countries

Utilitarianism refers to a theory in which the goods things are to be rise and the bad things would be decline also it shows the outcome of an action that generated right and wrong concept

Therefore it provides a measure that should be common depend upon the values

Hence, the option c is correct

3 0
3 years ago
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