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Lubov Fominskaja [6]
3 years ago
12

in the month of march, chester received orders of 179 units at a price of $15.00 for their product clack, and in april receives

an order for 45 units of their product clack at $15.00. chester uses the accrual method of accounting and offers 30 day credit terms. chester delivers 0 units in march, 179 units in april and 45 units in may. they received payment for 179 units in april, and payment for 45 units in may. how much revenue is recognized on the march income statement from this order
Business
1 answer:
ollegr [7]3 years ago
3 0

Answer:

$0

Explanation:

The computation of the revenue recognized is shown below:

= Price per unit × number of units delivered in march month

= $15 × 0 units

= $0

Since 0 units delivered in the march month and if we multiplied the price per unit with the march units i.e. 0 so the answer should be zero only

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Fellingham Corporation purchased equipment on January 1, 2019, for $400,000. The company estimated the equipment would have a us
lesya [120]

Answer:

Answer not in the given option, please recheck for error.

depreciation in 2021 would be= $82,000

Explanation:

Depreciation  incurrred in 2019:

Using straight line depreciation = original cost - salvage value / useful life

=(400,000-40,000)/10

=$36,000

The depreciation from January 1, 2019 to December 31st 2020 = 2 years

therefore depreciation  for the two years = $36,000 x 2 = $72,000

Book value recorded early 2021= Original cost - the A ccumulated Deprecaition

= 400,000- 72,000= $328,000

But Remaining useful life =4 years with no salvge value

Therefore depreciation in 2021 would be  = Cost - salvage value / useful life

($328,000 - 0)/4

= $82,000

6 0
4 years ago
To take advantage of an arbitrage opportunity, an investor would 1) construct a zero-investment portfolio that will yield a sure
Alex_Xolod [135]

Answer:

Both statements I and III are correct.

Explanation:

<u>1.Construct a zero investment portfolio that will yield a sure profit </u>

<u> </u>

<u>3.Make simultaneous trades in two markets without any net investments</u>

7 0
4 years ago
If Crusoe increases production of berries from 42.0 pounds to 52.0 pounds and production is​ efficient, his opportunity cost of
sergeinik [125]

Crusoe's opportunity cost for producing a pound of berries would be 0.4 pounds of fish.

<h3>What is the opportunity cost of the fish?</h3>

This can be found as:

= Change in quantity of fish / Change in quantity of berries

Solving gives:

= (30 - 26) / 52 - 42

= 4 / 10

= 0.4 pounds of fish

Find out more on opportunity cost at brainly.com/question/1549591.

#SPJ1

3 0
2 years ago
Which of the following statements is CORRECT?a. Since companies can deduct dividends paid but not interest paid, our tax system
Alona [7]

Answer:

c

Explanation:

6 0
3 years ago
Outsourcing: Question 19 options: Transfers traditional internal activities to outside vendors. Utilizes the efficiency which co
gavmur [86]

Answer:

Transfers traditional internal activities to outside vendors.

Utilizes the efficiency which comes with generalization

Explanation:

Outsourcing can be regarded as a business practice which involves hiring a party from outside of the company so that the party can perform particular services as well as creation of goods which traditionally are been performed in-house by the employees and staff of the own company.Outsourcing helps in cost-cutting measure

It should be noted that Outsourcing ;

✓Transfers traditional internal activities to outside vendors.

✓Utilizes the efficiency which comes with generalization.

6 0
3 years ago
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