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Nostrana [21]
2 years ago
10

Revenue is recorded when services have been performed or products have been delivered to customers. The accounting principle sup

porting this reporting is
Business
1 answer:
VladimirAG [237]2 years ago
3 0

Answer:

The revenue recognition principle

Explanation:

The revenue recognition principle states that revenue should be recorded when services have been performed or products have been delivered to customers and  not when cash is received for the service rendered

For example, if a supplier delivers 10,000 worth of goods to consumers in November and is paid for the goods in December. Revenue should be recognised in November and not December.

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A hypothesis, which is the theory that will be tested and either explained or disproved during the course of the research.

7 0
3 years ago
if the marginal tax rate is equal to the average tax rate as taxable incomme increases, the tax structure is
gregori [183]

Answer:

B) proportional

Explanation:

In the case of the proportional tax structure the marginal tax rate should be equivalent to the average tax rate without considering the high level of taxable income or low level of taxable income

Therefore in the given case, the tax structure should be proportional

hence, the correct option is B

And, the same is to be considered

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2 years ago
A recent survey found that 24% of Americans feel that it is always wrong to speed. In which of the following schools of ethical
borishaifa [10]

Answer:

"B"

Explanation:

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It believes that right actions and policy will always yield positive result while wrong actions will always yield unfavorable results

For this reason , it believes that selfish interest should not override the interest of others around as everyone must ensure that happiness reign in a society.

8 0
3 years ago
Managerial accounting information Question 48 options: A) pertains to the entity as a whole and is highly aggregated. B) is cons
KengaRu [80]

Answer:

The correct answer is letter "D": pertains to sub-units of the entity and may be very detailed.

Explanation:

Managerial Accounting is<em> internally-based accounting</em> that helps managers measure the results of their decisions. This is in contrast to financial accounting which emphasizes more general, higher-level financial results. One common managerial accounting tool is determining the <em>profit margin in each of the company's products</em>. This information helps managers set product prices and ensure that they are making appropriate profit margins.

7 0
3 years ago
Mary's bakery is trying to determine what price to charge for her cookies, so mary places a low price on them and raises it each
AfilCa [17]
The answer is that, "Mary was conducting an experiment".
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3 0
3 years ago
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