1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
antiseptic1488 [7]
3 years ago
5

Finerly Corporation sells cosmetics through a network of independent distributors. Finerly shipped cosmetics to its distributors

and is considering whether it should record $220,000 of revenue upon shipment of a new line of cosmetics. Finerly expects the distributors to be able to sell the cosmetics, but is uncertain because it has little experience with selling cosmetics of this type. Finerly is committed to accepting the cosmetics back from the distributors if the cosmetics are not sold. How much revenue should Finerly recognize upon delivery to its distributors
Business
1 answer:
Evgen [1.6K]3 years ago
8 0

Answer:

The amount of revenue Finerly should recognize upon delivery to its distributors is $0.

Explanation:

From the question, the following two very important points can be observed:

1. Finerly expects the distributors to be able to sell the cosmetics, but is uncertain because it has little experience with selling cosmetics of this type.

2. Finerly is committed to accepting the cosmetics back from the distributors if the cosmetics are not sold.

Since there is an uncertainty that the the distributors will be able to sell the cosmetics and Finerly is committed to accepting them back from the distributors if they are not sold, these imply that the amount of sales revenue cannot be known or reasonably estimated until when the distributors actually sell the cosmetics.

Therefore, the amount of revenue Finerly should recognize upon delivery to its distributors is $0.

You might be interested in
true or false filtering data in Excel online keeps all data on the screen and highlights the content that fits your criteria​
mrs_skeptik [129]

The answer would be true. The reason for that is because excel automatically saves what you added on the sheet.

7 0
4 years ago
Read 2 more answers
"compare intel's actual and pro forma (as if) ratios of intangible assets to long-lived tangible assets in 2012. use r&d cap
kobusy [5.1K]

Since Intel has a history of effectively transforming R&D investment into income, the pro-forma version of the ration seems to be of more significant. A company starting, for instance, would be unalike: its track record would be much poorer and probabilities are that the criteria set in place would not be as rough as Intel’s. Therefore, it appears that the significance hinge on the kind of business: if future benefit is more of a doubt, then R&D should be expensed. The contradictory is true if benefit is almost certain. Intel also has the advantage of being very vibrant with its R&D objectives and having exact, measurable standards. They note obviously what the funds are apportioned to and what the end outcomes should be of the growth.

4 0
3 years ago
A(n) _____ is an independent wholesaler who buys related product lines from many manufacturers and sells them to industrial user
Genrish500 [490]

Answer:

1- Industrial distributors

Explanation:

1- They are independent wholesalers that often have a sales force they call on purchasing agents, they also make deliveries, extend credit and provide valuable information. This kind of distributors are used in different industries such as manufacturing, mining, etc.

2- Marketing concept: It is a Philosophy that establish a Company should analyze which are their client´s need and after that, make decisions to satisfy those need, better than anyone else. This concept is adopted by most of the firms nowadays.

3 0
3 years ago
Which of these is NOT an example of discharge for cause?
Shalnov [3]

Answer:

felonious conduct?

Explanation:

.........

3 0
3 years ago
Which idea is explicitly stated in the article "what a bad flu season could cost the us economy"?
geniusboy [140]
C. Some sources say the flu vaccine could lessen negative affects on the economy.
- Apex
4 0
3 years ago
Read 2 more answers
Other questions:
  • When both parties to a contract are mistaken as to the same material fact either paarty can rescind the contract?
    12·1 answer
  • In negative self talk, filtering is when a person _______.
    10·2 answers
  • When a monopoly increases its output and sales,
    13·1 answer
  • What would you predict if you had first mixed the catalase (100%) in serial solutions of varying phs of 3, 5, 7, 9, 11? what wou
    8·1 answer
  • "Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to
    14·1 answer
  • TIMED TEST!!
    13·1 answer
  • A company received a bill for newspaper advertising services, $350. The bill will be paid in 10 days. How would the transaction
    10·1 answer
  • Barsuk Company began the year with stockholders' equity of $108,000. During the year, Barsuk issued stock for $147,000, recorded
    7·1 answer
  • Hall Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department
    7·1 answer
  • what term is used to describe the approach taken by companies such as magicleap.com where physical and digital objects are able
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!