in accrual basis accounting, revenue is recorded when the seller's product is shipped or service is provided.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
Even though the cash for the transaction has not yet been exchanged, accruals are earnings or expenses that have an influence on a company's net income on the income statement. Due to the non-cash assets and liabilities they involve, accruals also have an impact on the balance sheet.
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Answer: (C) Level production planning strategy
Explanation:
The level production planning is one of the type of strategy that is used for maintaining the steady rate of the production and also the level of the steady employment. This type of strategy helps for satisfying the demand of the customer.
The production planning strategy basically varying the inventory level for maintaining the production level in the given period of time. It is produced the constant output and also maintaining the stable work environment.
Therefore, Option (C) is correct.
Answer:
20.83%
Explanation:
Data provided
Dividend = $2.50
Required rate of return = 12%
The computation of the current price of the stock is shown below:-
The current price of stock = Dividend ÷ Required rate of return
= $2.50 ÷ 12%
= 20.83%
So, for computing the current price of the stock we simply divide the dividend by required rate
Some of the items that should be included in a budget includes:
- Groceries.
- Housing.
- Basic utilities.
- Transportation.
- Insurance, etc.
<h3>What is a Budget?</h3>
This refers to the use of financial planning to make provisions for finance and income.
Hence, we can see that budget is made with the aim of making sound financial decisions that would keep one out of insolvency and extreme debt.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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