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mixer [17]
3 years ago
8

In the Month of March, Digby received orders of 123 units at a price of $15.00 for their product Deal. Digby uses the accrual me

thod of accounting and offers 30 day credit terms. Digby delivers 123 units in April. They received payment for 62 units in March, and 62 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order
Business
1 answer:
ValentinkaMS [17]3 years ago
7 0

Answer:

The amount of revenue is recognized on the March income statement from this order is $1,845.00.

Explanation:

Accrual accounting can be described as a method of accounting in which revenue or expenses are recorded at the time of the transaction rather than when payment is received or made.

Since this transaction occurred in March, the total revenue of orders of 123 units received in the month of March will be recognized on the March income statement from this order. That is:

Amount of revenue to recognized in March = 123 * $15.00 = $1,845.00

Therefore, the amount of revenue is recognized on the March income statement from this order is $1,845.00.

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Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also i
Mnenie [13.5K]

Answer:

1. $46,000

2.$46,000

Explanation:

According to the scenario, computation of the given data are as follows,

Inventory price = 230,000 pesos

1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

2. Consolidated statement cost of goods sold for the year ending December 31, 2018  = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

3 0
3 years ago
WILL GIVE BRAINLIEST !!!
gizmo_the_mogwai [7]
I think the most appropriate answer would be D.


I hope it helped you!
4 0
3 years ago
In which of the following situations would the use of temporary workers be most appropriate?
makkiz [27]

Answer: Option D  

                     

Explanation: In simple words, temporary workers refers to an arrangement under which an individual is hired to perform a job for a specified period of time as per the needs of the employing organisation.

     Hence in the given case, tax preparation company is a suitable form for temporary employees as they have few business clients and that too handled individually.

If some of the clients shifts to another firm then the subject firm can delpoy the temporary worker who was handling such client.

Thus, the correct option is D.

8 0
3 years ago
When Toyota introduced its Scion line of cars, the lowest-price model was listed for $15,000 while the highest-priced model was
Minchanka [31]

Answer:

Toyota used the price lining approach of pricing

Explanation:

Price lining is also known as the product line pricing which is a process of marketing, wherein the products or the services within a particular group are set at the different points of the price.

So, the company used the approach of price lining where they have the highest price as well as the lowest price list.

3 0
3 years ago
Managers in a home improvement company have been having problems with employees starting cliques. To develop more of a team cult
arsen [322]

Answer: Option D

Explanation: Mary Parker believed that management is the art of making people do things you want. To achieve this both senior and subordinates should work in collaboration.

In the given case, the employees in the organisation are starting cliques, that is they are not accepting the outsiders and are not communicating with them. Thus, if the employees develop an attitude that they are a community then they could collaborate with each other.

Hence from the above we can conclude that the correct option is D.

3 0
3 years ago
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