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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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beth works with project stakeholders to maintain team organization and communicate the project status. select beth's role in the
makkiz [27]

Beth's role to maintain team organization and communicate the project status describes a: Project Manager.

<h3>What is project management?</h3>

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

<h3>Who is a project manager?</h3>

A project manager can be defined as an individual who is saddled with the responsibility of assembling a team that have common aims, goals, and objectives, in order to execute and implement a project successfully.

In conclusion, we can infer and logically deduce that Beth's role to maintain team organization and communicate the project status describes a project manager.

Read more on project manager here: brainly.com/question/27599974

#SPJ1

Complete Question:

Beth works with project stakeholders to maintain team organization and communicate the project status Select Beth's role in the organization.

Project Architect

Project Developer

Project Manager

Project Analyst

8 0
2 years ago
John has just won the state lottery and has three award options from which to choose. He can elect to receive a lump sum payment
12345 [234]

Answer:

John should opt for the 30 annual end-of-the-year payments of $4 million as that gives the highest present of value of $49,636,164.73  as shown below.

Explanation:

The options are evaluated as follows:

Option 1 $46,000,0000 today

Option 2

The present of value of this option is calculated using the below formula:

Present value of annuity = ((1-(1/((1+i)^n))/i) X PMT

where i=rate=7%

n=10years

PMT=$7m

PV=((1-(1/((1+0.07)^10))/0.07) X 7000000

PV=$ 43,834,929.21  

Option 3

The present value of this option using the formula in option 2 is:

PV=((1-(1/((1+0.07)^30))/0.07) X 4000000

PV=$49,636,164.73  

Hence, the last option is preferable.

7 0
4 years ago
A(n) _________________ business changes basic inputs into products that are sold to customers. a.manufacturing b.enterprise c.re
N76 [4]

A manufacturing business changes the basic inputs into products that are sold to the customers.

The manufacturing business is in charge of manufacturing the goods for the entire country. It takes input from the economy as raw materials and processes or manufactures it and then gives the output back to the company. A very simple example of this is steel rods. The manufacturing company changes the basic inputs of steel into products which are steel rods.

An enterprise is a business or a company that runs its own business. Retail is a type of business that buys goods from wholesalers and sells them to customers. Service is the work that is done by professionals like doctors. None of these actually make their own goods to sell back to the customers. They only sell other goods or services without manufacturing anything new.

Learn more about manufacturing business here:

brainly.com/question/3312786

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4 0
2 years ago
Mark Johnson invests a fixed percentage of his salary at the end of each year. This year he invested $1500 For the next 5 years,
meriva

Answer:

Mark Johnson's investment would worth $ 13,223.95  at 8%,$ 12,338.93  

at 5% and $ 11,784.66  at 3%

Explanation:

In calculating the worth of the investments at different rates of interest I adopted the future value approach as contained in the attached.

Download xlsx
5 0
3 years ago
True or false? Inbound means creating marketing and sales that people love by providing helpful content and resources that attra
Ann [662]

Answer:

true

Explanation:

inbound enables business to generate leads at lower cost. it simplifies jobs of marketing and sales, increase visibility and brand awareness, educate prospect in the digital world and increase trust and credibility. all of these helps creating marketing and sales that people love by providing helping content and resources that attracts people to you.

6 0
4 years ago
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