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Rudiy27
3 years ago
11

What does the phrase "Revenue is recognized at the point of sale" mean? a.Revenue is recorded in the accounting records when the

goods are received from a supplier and reported on the income statement when sold to the customer. b.Revenue is recorded in the accounting records when the goods are sold to a customer and reported on the income statement when the cash payment is received from the customer. c.Revenue is recorded in the accounting records and reported on the income statement when goods are sold and delivered to a customer. d.Revenue is recorded in the accounting records and reported on the income statement when the cash is received from the customer.
Business
1 answer:
Simora [160]3 years ago
8 0

Answer: C

Revenue is recorded in the accounting records and reported on the income statement when goods are sold and delivered to a customer.

Explanation:

The term revenue recognition at the point of sale refers to the process of recording revenue from manufacturing and selling activities at the time of sale. The revenue recognition principle states a company can record revenue when two conditions are met. They must be realized or realizable, and earned.

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Which customers help in the profitability and growth of an organization? Both external and customers help in the profitability a
Tom [10]

Answer:

Satisfied and Loyal customers help in the profitability and growth of an organization.

Explanation:

When a company produces a product, they put their best in the design, process, manufacturing and dispatching of the product, so that their target customers use this product and gets satisfied. When consumers get the product of exactly their needs, they try to buy it again and again and becomes the loyal customers of that specific company. Such customers are the permanent customers of that organization and they are ready to pay for the product, thus helps in the profitability of the organization. Also when they talk about the product to other people, they become the marketing agents of the company, thus helping the company to grow. In this way, satisfied and loyal customers help in the profitability and growth of an organization.

8 0
3 years ago
The minimum wage is an example of a Group of answer choices price ceiling. price door. price wall. price floor.
topjm [15]

Answer:

price floor

Explanation:

A price ceiling is a limit that is established by the government that determines the highest price that can be charged for a product or service.

A price floor is a control that is established by the government that determines the lowest price for a product or service.

According to this, the answer is that the minimum wage is an example of a price floor because it determines the minimum amount that a company can pay to a worker.

The other options are not right because a price ceiling establishes the highest price for a product and price door and price wall are not price controls.

8 0
3 years ago
All of the following are intangible assets except
guajiro [1.7K]
The answer to this question is:

<span>All of the following are intangible assets except??
</span><span>D-"Accounts Receivable."

Hoped This helped, </span><span> Awifeamother
Your Welcome :) </span>
4 0
3 years ago
Read 2 more answers
The dividend growth model can be used to value the stock of firms that pay which type of dividends?I. Constant annual dividendII
Fed [463]

Answer:

II and III only

Explanation:

Since the Zero dividend is not possible in most of the scenarios.

The dividend growth model can be used to value the stock of firms that pay Annual dividend with a constant increasing rate of growth and the Annual dividend with a constant decreasing rate of growth.

8 0
3 years ago
At least how often must employees be trained on bloodborne pathogens?
DanielleElmas [232]
At least during orientation, then after that annually
7 0
4 years ago
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