We can actually deduce here that the statement, "revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed" is true.
<h3>What is revenue?</h3>
Revenue is actually known to be the general or total income that an organization or a firm makes from sales of their goods and services. Revenue made helps to ascertain how the company is fairing in terms of sales and customer retention.
We see here that it is true that revenue is recorded whenever services have performed and the service provider has received the payment.
Learn more about revenue on brainly.com/question/24280609
#SPJ1
When considering the contingency model of leadership, Basheera exhibits high situational control.
<h3>Who is a leader?</h3>
It should be noted that a leader simply means an individual who guides other people in order to achieve a common goal.
In this case, when considering the contingency model of leadership, Basheera exhibits high situational control.
Learn more about leaders on:
brainly.com/question/12522775
#SPJ1
Answer:
Macroeconomics is a very relevant subfield of economics because it studies economic matters at the aggregate level, that means things such as inflation, unemployment, economic growth, investment, saving, and many other economic phenomena that are very relevant for all countries, all governments, and essentially everybody around the world.
Macroeconomics is a contested field, with some points in agreement, but many others in dispute among economists. For this reason, the policy recommendations that are based on macroeconomic criteria are often very different, and frequently clash into political conflict.
Economic policy decisions never produce exactly the expected result, but they often give a satisfactory result (not always). For example, the monetary policy based on the principles of monetarism did manage to bring down inflation substantially ever since it began to be applied in the late 1970s.
FALSE
Correct Statement is Equilibrium is when the quantity demanded is equal to the quantity supplied
Answer:
The correct answer is option B.
Explanation:
A budget line is drawn to show the different combinations or bundles of food and clothing that a consumer will be able to afford given his current income. The quantity of food is shown on the horizontal axis. While the vertical axis represents clothing.
If the price of both the goods remains constant and the income of the consumer remains constant, the consumer will be able to afford more quantity of both the goods. This will lead to an increase in the quantity demanded of both commodities. As a result, the budget line will shift outwards.