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Lunna [17]
3 years ago
15

Which accounting principle states that a company should "record revenues when they provide goods and services to customers"?

Business
1 answer:
3241004551 [841]3 years ago
6 0

Answer:

Revenue recognition

Explanation:

Correct word for the given statement is Revenue recognition

Revenue recognition is a proper accounting rule (GAAP) that distinguishes the particular conditions wherein income is perceived and decides how to represent it. Normally, income is perceived when a basic occasion has happened, and the dollar sum is effectively quantifiable to the organization.

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Phillip is a senior journalist at a news agency. He goes on a temporary leave for six months and travels around different parts
Gelneren [198K]

Answer:

Sabbatical

Explanation:

a period of paid leave granted to a university teacher or other worker for study or travel, traditionally one year for every seven years worked.

8 0
3 years ago
Your firm's last three years of sales have been $1 million, $2 million, and $3 million (oldest to most recent). Year-end invento
Nitella [24]

Answer:

we will save 500,000 dollars worth of inventory.

Explanation:

If sales are 4,000,000 then the expected inventory will be 1,000,000

Giving an inventory turnover of:

4,000,000 / 1,000,000 = 4

IF we double the inventory turnover then:

4,000,000/inventory = 8

So the inventory will be of: 4,000,000/8 = 500,000

the difference is for 500,000

6 0
3 years ago
the two principal policy tools that the federal government uses to manage economic conditions are monetary policy and fiscal pol
steposvetlana [31]

Monetary policy is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, fiscal policy uses government spending and taxation to do the same.

<h3>What is monetary and fiscal policy?</h3>

Fiscal policy are the steps taken by the government to change the business levels in the economy. The tools of fiscal policy are taxes and government spending. Fiscal policy can be expansionary or contractionary.

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

Monetary policy are policies taken by the central bank of a country to shift aggregate demand. The tools of monetary policy are open market operations, reserve requirement and discount rate.

Expansionary monetary policy are polices taken in order to increase money supply. Contractionary monetary policy are policies taken to reduce money supply.

To learn more about monetary policy, please check: brainly.com/question/3817564

#SPJ1

7 0
1 year ago
) Saffron Foods sells jars of special spices used in Spanish cooking. The variable cost is $2 per unit. Fixed costs are $9,000,0
olga nikolaevna [1]

Answer:

C. $4.20

Explanation:

The computation is shown below:

Before that we need to do following calculations

Total costs to be incurred  is

= ($2 × 5,000,000 units) + $9,000,000

= $19,000,000

Now

Required return is

= $40,000,000 ×  5%

= $2,000,000

So,

Sales price per unit is

= (Total cost incurred + required return) ÷ number of unit sold

= ($19,000,000 + 2,000,000) ÷ 5,000,000 units  

= $4.20

6 0
3 years ago
What is the name of the king in sleeping beauty?
zmey [24]
 The kings name is King Stefan
5 0
3 years ago
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