1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sammy [17]
3 years ago
11

Consider the following events for Betterment Incorporated: January 1 Betterment purchases gasoline for $200 on account. January

7 Betterment advertises lawn mowing services for $100 per lawn. January 9 Betterment signs up 8 customers who pay a total of $800 cash. January 12 Betterment mows the lawns of the 8 customers and all gasoline purchased on January 1 is used. January 13 Betterment pays for the gasoline purchased on January 1. Under accrual-basis accounting, what is the appropriate day to record the revenues related to lawn services?
Business
1 answer:
-Dominant- [34]3 years ago
8 0

Answer:

January 9 Betterment signs up 8 customers who pay a total of $800 cash.

Explanation:

Under the accrual basis accounting, revenues are recognized as follows:

Revenue is recognized when both of the following conditions are met:

   a. Revenue is earned.

   b. Revenue is realized or realizable.

Revenue is earned when products are delivered or services are provided.

Realized means cash is received.

Realizable means it is reasonable to expect that cash will be received in the future.

You might be interested in
Think about a tradeoff associated with taking college classes and pursuing a degree. What kinds of things do you trade off to ta
Ksju [112]

Answer:

time and money

Explanation:

The two main general tradeoffs that you're making are time and money. You are using your valuable time pursuing that degree as well as spending money on tuition and other expenses. This therefore, becomes an opportunity cost since you could have spent that time and money doing other things such as travelling to see the world, creating a business, investing, or even learning something else. Anything that you could think of would be an opportunity cost of deciding to use your time and money to pursue that degree.

3 0
3 years ago
Valerie is going to purchase a new car. The car she wants has a list price of $32,495. Valerie is planning to make a down paymen
Reika [66]

Answer:

B. $38,821

Explanation:

I got it right

5 0
2 years ago
Charles Malone recently renewed his card membership
Mariana [72]

Answer:

D. Identity theft

Explanation:

Identity theft is the use of a persons identity to make transactions and payment after acquiring the personal or financial information of that person. The person whose identity was used would suffer the consequences of the defaulters action. This information include a persons name, finger print, credit card number, pin number, password, date of birth and so on for the aim of accessing the person finances.

8 0
3 years ago
Real estate agent Nancy Biggens is printing new business cards to advertise her real estate services. She is a broker who owns h
hjlf

Answer:

Nancy Biggens, REALTOR®

Explanation:

Based on the information provided within the question it can be said that the only way that Nancy may not display her name would be like so, Nancy Biggens, REALTOR®. This is mainly due to the fact that she is not a Realtor and cannot state to be one without having a realtor license. Which is required by law, and in order to get one she needs to meet the states requirements and pass an exam.

7 0
3 years ago
Another term for "food poisoning" is?
disa [49]

Answer:

botulism. salmonella.

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Many of the skills used in public speaking are the same as those used in everyday conversation. These skills include
    7·1 answer
  • U.i designs is an all equity firm that has 40000 shares of stock outstanding. the company has decided to borrow $1 million to bu
    6·1 answer
  • You have been hired by a small architectural firm interested in implementing a knowledge management system. what features do you
    5·1 answer
  • A customers calls her broker to discuss her account. The broker recommends that the customer buy 500 shares of DEF stock. The cu
    8·1 answer
  • Suppose your employer offers you a choice between a $ 5 comma 000 bonus and 100 shares of the​ company's stock. Whichever one yo
    12·1 answer
  • Exercise 14-01 Justin Bleeber has prepared the following list of statements about managerial accounting, financial accounting, a
    11·1 answer
  • The first unit of a product took 400 hours to complete. The firm plans to produce 8 units in the first month and 10 units in the
    12·1 answer
  • Please identify a firm using the various variables used in SCM and OHS&S as per legal requirements.​
    11·1 answer
  • In a brief statement, in your own words, please describe why you are an ideal candidate for this position. (retail store)
    9·1 answer
  • you go to the electronics store and they are having a sale. the laptop you are looking at is reduced in price from $1,000 to $75
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!