Answer:
The amount of net revenue Eagle should report for Year 5 is $ 80,000.
Explanation:
Under Cash basis of accounting revenue and expenses are recorded when payment against them is made or received. Expenses and revenues incurred are not relevant.
The amount of net revenue will comprises of revenue received in cash during the reporting period. Detail Calculations are given below.
Cash Sales $ 80,000
Returns and allowances ($ 4,000)
Discounts ($ 6,000)
Opening Receivable $ 40,000
Closing Receivable ($ 30,000)
Net revenue $ 80,000
Answer: D
Explanation:
Competing on cost is based on achieving maximum value as perceived by the customer.
Answer:
I.Communicates business activities
II.Identifies business activities
III.Records business activities
IV.Helps people make better decisions
Explanation:
Accounting is an information measurement system that identifies business activities, records the business transactions as they occur, in order in which they occur, communicate the result of operations to interested parties which helps all the stakeholders make informed decision.
The main goal of accounting information is to communicate the true and fair view position of the entity to people that may want to make informed judgment on the entity.
Call back and try to report the problem again.
Answer:
The "compose" or "draft" option allows you to type a new message.
