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3 years ago

Evaluate the extent to which Wal-Mart's previous revenue policy was consistent with the revenue recognition principle.

Business

1 answer:

Kipish [7]3 years ago

4 0

Answer:

Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle. It used to recognize revenue when performance obligations have not been met.

Explanation:

In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions. Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment. Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.

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If we want to use a measure of inflation that foreshadows price changes before they affect prices at the retail level, we would

Elza [17]

Answer: Producer price index

Explanation:

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To calculate the producer price index, the current prices gotten by the sellers of a good or service is divided by the prices of the good or service using a base year and multiplying the result by 100. The producer price index is also a measure of inflation in an economy.

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3 years ago

The ______ requires that if a new employee had group health insurance at a previous employer and the new employer has healthcare

IRINA_888 [86]

Answer:

The correct answer is C. Consolidated Omnibus Budget Reconciliation Act.

Explanation:

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- The reduction of your work hours.

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3 years ago

Lisah, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $5,000 from sales $201,0

mel-nik [20]

Solution:

Differential Analysis:

Continue Eliminate Net income

Inc/Dec

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variable cost 176000 0 176000

Contribution margin 25000 0 -25000

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No, The Product line shall not be eliminated

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Zolol [24]

A. True in a dutch interenet auction the highest price wins

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3 years ago