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irakobra [83]
4 years ago
6

Explain what unearned revenues are by choosing the correct statement below. Multiple choice question. Unearned revenues refer to

income reported on the income statement. Unearned revenues refer to cash received in advance of providing a service or product. Unearned revenues refer to amounts owed to the company that have not yet been billed. Unearned revenues refer to customer payments which have not yet been received.
Business
1 answer:
Lelechka [254]4 years ago
3 0

Answer:

Unearned revenues refer to cash received in advance of providing a service or product.

Explanation:

The unearned revenue is the amount i.e. collected in advance prior a service or the product is to be delivered. The same is to be shown as the liability on the balance sheet

So it is the cash received in advance before providing the service or product

Therefore the above statement represent an answer

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Answer: d. All of these

Explanation:

Objectives are very important in ensuring that a company achieves that which it wants to achieve. With an objective in mind, the company is able to set deadlines that it can work towards to enable it achieve performance results. Without objectives, there would be no aim in sight to work towards which means that performance cannot truly be measured.

Objectives also help turn a company's strategic vision into actual performable targets which will enable the company achieve its long term goals by breaking the activities into doable segments.

Finally with an objective in mind, employees will be spurred towards it which will enable them to try to perform at full potential and deliver the best results so that they may reach the objectives set.

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3 years ago
If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit
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4 years ago
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Answer:

The company paid a lower cost per hour for labor than allowed by the standards.

Explanation:

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<em>The labour cost variance compares the actual cost  and the standard cost for the actual labour hours paid for.</em>

Hence , Poseidon Marine Stores Company would have paid a sum for labour cost which is lower than the standard cost.

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Question 6 of 10
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