If smileytown consumed 50,000 tubes of toothpaste in 2019, and in 2020, toothpaste consumption rose to 62,000 tubes, then there is a 24 percentage of change in the toothpaste consumption.
<h3>What is the significance of consumption?</h3>
The consumption of any commodity can be referred to or considered as the quantity purchased by consumers for utilization in an economy during a given period of time.
We can infer that 50000 + 24% = 62000, and thus, the percentage change in the toothpaste consumption of smileytown between 2019 and 2020 is 24 percent.
Therefore, the significance regarding the change in consumption has been aforementioned.
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Answer:
C.
standards for the basic minimum wage and overtime pay
Explanation:
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Answer:
no cash was collected during the period
or
cash collections during the year are less than the amount of revenue recognized
Explanation:
For example if we had Accounts receivable beginning balance $ 250,000 and Sales of $ 500,000 are made on accounts then the Total Accounts receivable will be $ 750,000.
But out of the $ 500,000 sales only $300,00 cash is collected and the remaining $ 200,000 is still in the Accounts receivable balance so the ending Accounts receivable balance will be $ 250,000 + $200,000 = $ 450,000 which will be greater than beginning Accounts receivable balance.
So there are two possibilities either cash collections during the year are less than the amount of revenue recognized.
or
no cash was collected during the period.
Similarly it cannot be choice no 1 : collections during the period exceed the amount of revenue recognized
Because if more cash is collected then ending account receivable balance would be less than the beginning account receivable balance.
Choice no 3 is also wrong if cash collections are more than the ending accounts receivable balance would be less
