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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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What would economic conditions potentially be like in the u.s if the federal reserve did not regulate monetary policy, monitor b
kenny6666 [7]

If the Federal Reserve did not regulate monetary policy, monitor banks, and provide services for banks, then the transactions would be more costly and interest rates will be more.

The Federal Reserve (Fed) in the US manages the economic and financial system in US. It regulate the monetary policy, monitor banks and provide services for banks. They monitor banks so that there will be no more increases in the costs of transactions than the cost agreed by the Fed. Also it will also reduce the possibility of increase in interest rates as the monetary policy is also implemented by the Fed. As a head of the banks, the Federal Reserve also provide services to other banks. In short, the Fed keeps the US economy stable. If they did not regulate monetary policy, monitor banks, and provide services for banks, then it would have been hard to keep this economic stability in US.

Learn more about Federal Reserve at brainly.com/question/382312

#SPJ4

4 0
1 year ago
Suppose a brand has a heavy usage index of 1.5, penetration share of 0.6 and a market share of 15%. What is the share of wallet
Anettt [7]

Answer:

0.167

Explanation:

Given the following :

Heavy usage index = 1.5

Penetration share = 0.6

Market share = 15%

Using the formula:

Heavy usage index =

market share % / [Penetration share * share of wallet]

1.5 = 15% / [0.6 * share of wallet]

1.5 × [0.6 × share of wallet] = 15%

0.9 × share of wallet = 15%

Divide both sides by 0.9

Share of wallet = 15% / 0.9

Share of wallet = 0.15 / 0.9

Share of wallet = 0.16666

Share of wallet = 0.167

3 0
3 years ago
A family buys a car for $25,000. The family pays $2,500 cash and takes out a loan for the rest at 8% simple interest.
Rom4ik [11]

Answer:

A. $150

Explanation:

Amount of car = $25,000

Initial payment = $2,500

If the family takes out a loan for the rest, the amount taken as loan

= $25,000-$2,500

= $22,500

If interest of 8% is charged on the loan for 5years, the interest charged for the 5years can be gotten using simple interest formula:

Simple interest = principal × rate × time/100

Simple interest = $22,500×8×5/100

Simple interest = $9,000

If total interest paid for 5years = $9,000

The family monthly payment will be:

= $9000/5×12 (since there are 12months in a year)

= $9,000/60

= $150

8 0
3 years ago
Which of the following is TRUE regarding the economic order quantity (EOQ) model? A. Demand rate is dependent on order quantity.
Oduvanchick [21]

Answer:

D. Holding cost per unit per year is dependent on the selling price per unit.

Explanation:

The formulas are shown below:

Economic order quantity:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

The number of orders would be equal to

= Annual demand ÷ economic order quantity

The average inventory would equal to

= Economic order quantity ÷ 2

The total cost of ordering cost and carrying cost equals to

Ordering cost = Number of orders × ordering cost per order

Carrying cost = average inventory × carrying cost per unit

If in the question, the carrying cost is given in the percentage than the per unit cost is come after multiplying it with the selling price per unit

5 0
3 years ago
When working with compressed air what psi should you reduce to if using the compressed air for cleaning?
Genrish500 [490]
The correct answer should be 30 because you don't want too much pressure .
4 0
3 years ago
Read 2 more answers
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