Sweet night :) sleep tight

Boomerang Computer Company sells computers with an unconditional right to return the computer if the customer is not satisfied.

miskamm [114]

Answer:

When Boomerang delivers a computer to a customer.

Explanation:

Revenue is recognised by a business when it is earned. That is when the transaction is completed and a sale is established.

In the given scenario when a customer buys goods for Boomerang they have unconditional right to return the computer if the customer is not satisfied.

The situation where Boomerang should recognise revenue is when a computer is delivered to the customer and the sale is consummated.

If the company recognises revenue when an order is made, there is possibility of customer returning the computer. Then their revenue data will be inaccurate

4 0

3 years ago

What can cell margins be useful for

mixas84 [53]

In the Cell Options dialog, you can tick the box to set the cell margins for the selected cell(s) to be the same as the table as a whole. Or, un-tick the box, and set the cell margins for the selected cell(s). Cell margins for an individual cell will over-ride the cell margin setting for the table as a whole.

7 0

4 years ago

QRT Co. received $1,560 advance from Zync Inc. as rent for the use of a building owned by QRT Co. How does this transaction affe

Serhud [2]

Answer:

a.Cash is increased, and unearned rent is increased.

Explanation:

Since in the question, it is mentioned that QRT Co. received $1,560 advance from Zync Inc. for the building use.

We know that the cash is received which increases the cash balance but the service is not provided so it would become a liability and recorded as unearned rent.

The unearned rent is increased which show under the current liability side of the balance sheet

Hence, both cash and unearned rent is increased

7 0

3 years ago

Assuming all other things are the same, if there was a decrease in the break-even point, selling price per unit must have?

nydimaria [60]

If there is a decrease in the break-even point, the selling price per unit must increase.

<h3>What is Break-Even Point? </h3>

When the total cost and total revenue are equal, it is the break-even point. It means that there is no loss or gain for the small business. The company is at the point where the cost of the product is equal to the revenue for the product. The Break-even price analysis helps in smarter prices, setting revenue targets, taking smarter decisions, limiting financial strain, catching the missing expenses, and most important funding your business. It can be calculated in two ways; by determining the number of units that are to be sold or by the number of sales.

To learn more about Break-Even Point, visit:

brainly.com/question/15356272

#SPJ4

4 0

2 years ago

Will’s Whitewater Rafting sold 3 acres of land used in the business. The sales price was $6,000 and the adjusted basis of the la

Advocard [28]

Answer:a. 1,800;

b. 1,200 ($1,800/$6,000 = 30%; $4,000 x .30 = $1,200);

c. 600 (30% x $2,000 = $600)

Explanation:

In tax accounting, adjusted basis refers to the original cost, or the net cost of an asset, after adjusting various tax-related items normally reduced by depreciation deductions.

Given:

Selling Price(S.P) = $6,000

Adjusted Basis (A.B) = $4200

The gain realized from the sale of the land would be:

= S.P - A.B = $(6,000-4200)= $1,800

Now, we calculate the percentage profit on gain realized to enable ease of gain calculation for fragmented payments.

The percentage gain (P.G) is:

(S.P-A.B)/S.P * 100 = (6,000-1,800)/6000 * 100

P.G = (1,800/6,000) * 100 = 30%

Therefore we say that:

Recognized Gain on current year = Amount paid * P.G = $(4,000*0.3) = $1,200

And

Recognized Gain next year = Amount paid * P.G = $(2,000 * 0.3) = $600

Note: P.G is percentage gain.

3 0

3 years ago

Sweet night :) sleep tight​

Sweet night :) sleep tight