Answer: A- Revenue under the installment sales method, as soon as it has assisted Steffi in setting up the store.
Explanation: The installment sales method is a method of accounting accepted under the US Gaap. It is a method were revenue is recorded in instalments and the cost of sales and gross profit recognised upon the collection of the installment revenue.
It is a method of accounting used mainly by construction companies whose revenue are not received once but in installments.
Is it a multiple choice question? Anyway, this is the definition of a limited partnership:
<span>A Limited Partnership is a partnership consisting of a general partner, who manages the business and has unlimited personal liability for the debts and obligations of the Limited Partnership, and a limited partner, who has limited liability but cannot participate in management.</span>
Answer:
C) marketing channel or channel of distribution
Explanation:
The distribution channel (or marketing channel or downstream supply chain) refers to the chain of businesses that act as intermediaries through which a product or service passes. The distribution channel starts at the producer of the product or service and ends in the final customer.
Answer: $455,000
Explanation:
As the question states what will be the pledges receivable for 20x8 therefore, we will calculate all the pledges:
$35,000 + $20,000 + $400,000 = $455,000
Hence, the answer is $455,000 as we take into account all the pledges for the year 20x8.
Answer: Equilibrium price is $20 and equilibrium quantity is 4 units.
Explanation: Equilibrium is a situation of rest, a situation where demand for a good is equal to its supply. The price that balance demand and supply is known as the equilibrium price.
![Q_{xd} = 14 - \frac{1}{2} P_{x}\\Q_{xs} = \[tex]Q_{xd} = Q_{xs} 14 - \frac{1}{2} P_{x} = \frac{1}{4} P_{x} - 1 14 + 1 = \frac{1}{4} P_{x} + \frac{1}{2} P_{x} 15 = \frac{3}{4} P_{x} 20 = P_{x}](https://tex.z-dn.net/?f=Q_%7Bxd%7D%20%3D%2014%20-%20%5Cfrac%7B1%7D%7B2%7D%20P_%7Bx%7D%3C%2Fp%3E%5C%5C%3Cp%3EQ_%7Bxs%7D%20%3D%20%5C%5Btex%5DQ_%7Bxd%7D%20%3D%20Q_%7Bxs%7D%20%3C%2Fp%3E%20%3Cp%3E14%20-%20%5Cfrac%7B1%7D%7B2%7D%20P_%7Bx%7D%20%3D%20%20%20%5Cfrac%7B1%7D%7B4%7D%20P_%7Bx%7D%20%20-%201%3C%2Fp%3E%20%3Cp%3E14%20%2B%201%20%3D%20%5Cfrac%7B1%7D%7B4%7D%20P_%7Bx%7D%20%2B%20%5Cfrac%7B1%7D%7B2%7D%20P_%7Bx%7D%20%20%3C%2Fp%3E%20%3Cp%3E15%20%3D%20%5Cfrac%7B3%7D%7B4%7D%20P_%7Bx%7D%20%3C%2Fp%3E%20%3Cp%3E20%20%3D%20P_%7Bx%7D)
[/tex] = Equilibrium price
Equilibrium quantity is given by,
