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
Lana71 [14]
3 years ago
5

On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wi

th the contract to start immediately. King agreed to pay Taylor $5,040 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019. Taylor should recognize revenue in 2018 in the amount of
Business
1 answer:
brilliants [131]3 years ago
8 0

Answer:

840  revenue earned

Explanation:

It will recognize revenue for the earned portion of the contract:

November 1st to December 31th

It would be 2 months earned

if 5,040 is the value of the one-year contract then

5,040 / 12 = 420 value of 1 month

420 x 2 = 840  revenue earned for the period November 1st to December 31th

The payment date is irrelevant, because the service are earned through time. It would become bad debt expense if not colelcted later down the road.

You might be interested in
an accounting firm collected cash on account. as a result of this​ transaction, total​ assets, liabilities, and equity are all u
musickatia [10]

TRUE, an accounting firm collected cash on account. as a result of this​ transaction, total​ assets, liabilities, and equity are all unchanged.

A legal entity is a for-profit business organization that provides professional services, such as a corporation, limited liability company (LLC), or partnership.

A firm can be a company. B. A consumer goods store that offers physical products. It can also represent a service provider such as a hairdresser. The term company can refer to any for-profit business, but it is often used to describe businesses in specific industries such as law or accounting.

Companies are all kinds of businesses. Examples of companies include sole proprietorships, partnerships, limited liability companies, and corporations. The term is more commonly associated with partnerships.

Learn more about firm here:brainly.com/question/25491204
#SPJ4

6 0
2 years ago
The unemployment rate in a town in which 65,400 persons are in the labor force and 11,000 are unemployed equals:_____.
BartSMP [9]

The unemployment rate is 16.8%

<h3>What is the unemployment rate?</h3>

The unemployment rate is the ratio of the unemployed to the total labour force. The unemployed is made up of people who do not have a job but are actively searching for employment. The labour force consists of people between 18 to 65 years old.

The unemployment rate = (unemployed / labour force) x 100

(11,000 / 65,400) x 100 = 16.8%

To learn more about unemployment, please check: brainly.com/question/10940465

#SPJ1

3 0
2 years ago
Gina Robinson, Inc. (GRI) GRI management has decided to reinvent the culture of the organization. Previously, the company tried
Nuetrik [128]

Answer:

C) Telecommuting

Explanation:

Telecommuting simply means working from your home. The internet changed our lives completely, and it is also how we work. Everyday more people are starting to work from distant locations to their "main office". This means that they can be working at their house using a computer which is connected to the company's intranet.

Some of the advantages of telecommuting is that it increases efficiency by decreasing costs (you don't have to spend time going to work and you can have your office at home), reducing employee churn rate, allowing older or disabled people to work, it is good for your health, and around 65% of telecommuters in the US have have increased their work efficiency vs. their normal office work.

7 0
3 years ago
Advantage Airlines has instituted a loyalty rewards program that rewards customers with free​ Wi-Fi, seat​ upgrades, and free mi
Firlakuza [10]

Answer:

<em>D. Frequency marketing program</em>

Explanation:

Frequency Marketing <em>is a marketing strategy used to attract and maintain long-term consumers. Frequency marketing covers activities such as daily interval ads, offering loyal consumers discounts, planning events.</em>

As the term indicates, to keep their clients, this form of marketing plan needs to be conducted out at regular intervals. Frequent marketing is a great instrument for ensuring consumer preservation.

This is an established fact that an existing customer provides a business with more profits than a prospective customer, i.e. the sum of money and income generated by an existing customer is more than that generated by a potential customer.

4 0
4 years ago
_____means tailoring products to meet the needs of a large number of individual customers
Akimi4 [234]

Interfirm means tailoring products to meet the needs of a large number of individual customers.

Interfirm means that numerous companies will work together via the internet and via the use of other state-of-the-art era to provide services and products that customers want and want. The interfirm process recognizes that cutting-edge a success companies must operate in dynamic environments.

Inter-company networks are “a pick out, continual, and dependent set of self-reliant corporations (in addition to nonprofit corporations) engaged in growing products or services primarily based on implicit and open-ended contracts to adapt to environmental contingencies and to coordinate and shield exchanges.

Inter-firm relationships may be tested from a character or structures perspective. A man or woman attitude makes a specialty of the one-to-one courting between two firms. This is probably beneficial while reading the relationships of a pivotal company, along with a rustic's leading exporter or sole processing plant.

Learn more about the corporations here: brainly.com/question/24448358

#SPJ4

8 0
2 years ago
Other questions:
  • Nikolai knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does n
    14·1 answer
  • The following information relates to year-end adjusting entries as of December 31, 2021. Depreciation of the mountain bikes purc
    6·1 answer
  • Which option is an example of a debt-funding source
    12·1 answer
  • Jill earns a salary of $425.00 per week, plus a commission of 20% on all sales. Last week she sold $1,123 worth of goods. How mu
    13·2 answers
  • SRC, Inc., sells its inventory in an average of 43 days and collects its receivables in 3.6 days, on average. What is the invent
    11·2 answers
  • 15 points :)!! Does reducing interest rates make it so banks make more loans, which overall increases the money supply????
    8·1 answer
  • Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is w
    6·1 answer
  • Which would you use to determine how much money you have left over to save each month
    10·1 answer
  • You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stoc
    8·1 answer
  • krissy worked her 40 regular hours last week plus 8 overtime hours at the time and a half rate her gross pay was 785.20 what was
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!