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ivanzaharov [21]
3 years ago
14

Revenues are recognized when ______, even when the cash is collected in a different accounting period than the obligation to the

customer has been performed.
Business
1 answer:
Elden [556K]3 years ago
4 0

The two scenarios where Revenue is recognized are A) when the customer has paid cash (Cash Basis Accounting) and B) when services have been provided or goods delivered to the customer (Accrual Basis Accounting).

<h3>What is Cash Basis Accounting?</h3>

This system of accounting only takes cognizance of revenues and expenses when they have been paid or received.

<h3>What is Accrual Basis Accounting?</h3>

Under this system of accounting, business revenue is captured and recognized as soon as they are generated. That is, the money does not have to be earned before it is recognized if it is certain that it will be earned.

Please see the link below for more about Accrual Basis Accounting:

brainly.com/question/25817056

Please see the link below for more about Cash Basis Accounting

brainly.com/question/4555544

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On October 1, 2020 Waterway Industries issued 6%, 10-year bonds with a face value of $8150000 at 104. Interest is paid on Octobe
Nastasia [14]

Answer:

the bond interest expense is $114,100

Explanation:

The computation of the bond interest expense is shown below:

Cash interest payable for 3 months 122,250 ($8,150,000 × 6% × 3 ÷ 12)

Less; AMortized premium for 3 months $8,150 ($8,150,000 × 4% ÷ 10 × 3 ÷ 12)

BOnd interest expense $114,100

Hence, the bond interest expense is $114,100

3 0
3 years ago
A DuPont analysis is conducted using the DuPont equation, which helps to identify and analyze three important factors that drive
Elena L [17]

Answer:

  • A. Net income / Sales
  • B. Sales / Total asset
  • C. Total asset / Total company equity.

Explanation:

  • The Du Pont analysis is a DuPont identity, equation, and a model and this breaks of the ROI as into three parts by using the formula as profit margin that is net profit/sales. Its multiplied by the sales or the average total assets into total companies equity and thus measures the profit and asset margins and the financial leverages.
7 0
4 years ago
why do skilled and professional workers generally receive higher wages than unskilled and semiskilled workers
Zina [86]
Hello!

Skilled and professional workers generally receive higher wages than unskilled and semiskilled workers because there are more demand and less offer for this kind of workers. 

To be a skilled or professional worker, extensive training and education are needed. To get this kind of training, there are personal investments in time and money that are needed to be made. Not everyone is willing to invest time and money in education, and some people can't do it for personal reasons.

That means that the amount of skilled and professional workers is lower than the number of unskilled ones. When there is reduced offer of a good or service, the price increases. That causes the wages for this kind of worker to be higher.

Have a nice day!
5 0
3 years ago
Read 2 more answers
Which of the following is not affected by a person's credit score?
Amiraneli [1.4K]

Answer:

a

Explanation:

Because not all landlords count it against you

7 0
3 years ago
The following financial information is taken from the annual reports of the Jackson Company and the Pearce Company: Jackson Pear
zloy xaker [14]

Answer:

1. Jackson = $350,000 and Pearce = $1,020,000

2. Pearce

Explanation:

The formula to compute the free cash flow is shown below:

= EBIT × (1 -Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - net capital Expenditure

But for this question, the formula would be

= Cash flow from operating activities - Cash investment in property & equipment

1. For Jackson, it would be

= $500,000 - $150,000

= $350,000

For Pearce, it would be

= $1,500,000 - $480,000

= $1,020,000

2. If we see and compare the free cash flow, the Pearce has better cash flow due to the high cash flow from operating activities

3 0
4 years ago
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