1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kiruha [24]
3 years ago
12

Revenue is properly recognized: Multiple Choice Upon completion of the sale or when services have been performed. Only if the tr

ansaction creates an account receivable. When the customer makes an order. When cash from a sale is received. At the end of the accounting period.
Business
1 answer:
Margaret [11]3 years ago
5 0

Answer: Upon completion of the sale or when services have been performed

Explanation: Revenue is recorded in the books of accounts when the obligation from the seller side has been done and he receives the right to collect the charge of service as per the contract.

    In general,the obligation is considered to be satisfied when the goods or services are received by the purchaser. Then the seller gets the right to ask money and can record revenue in books as per the accrual basis of accounting.

You might be interested in
Ralph was involved in a bar fight and sustained a blow to the back of the head from a beer bottle. he was dazed and could not se
My name is Ann [436]
Occipital lobe

The occipital lobe is one of the four major lobes in the brain's cerebral cortex. It is located at the back of the head (see attached image). The occipital lobe's primary function is processing and making sense of visual information we receive through our eyes. Damage or trauma to the occipital lobe (in John's case when he got hit on the back of his head) can cause temporary or permanent vision impairment, subject to the severity of the trauma. 

6 0
3 years ago
Each extra worker produces an extra unit of output up to six workers. After six, no additional output is produced. Draw the tota
Dmitry_Shevchenko [17]

Answer:

attached is the diagram

Explanation:

Each extra worker produces an extra unit of output, is said to be the marginal production of an extra worker employed

marginal production  :

change in total production / change in labor = ΔTp / ΔL

Average production = Tp / L

Tp = total production ,  L = number of labor

To draw the Total product of labor , average product labor and marginal product labor curves starting from zero labor

0 worker : Total product = 0, average product labor = 0 , marginal = 0

1 worker : Total product = 1, average product = 1 , marginal = 0

2 worker : Total product = 2, average product = 1, marginal = 1

3 workers: total product = 3 average product = 1, marginal = 1

4 workers: Total product = 4, average product = 1, marginal = 1

5 workers : Total product = 5 average product = 1, marginal = 1

6 workers : total product = 6 average product = 1 , marginal = 1

7 workers : total product = 7 , average product = 0.85, marginal = 0

8 workers : total product = 8, average product = 0.75 marginal = 0

7 0
3 years ago
​Valley, Inc. has​ 9,000 shares of preferred stock outstanding. The preferred stock has a​ $90 par​ value, a​ 14% dividend​ rate
EastWind [94]

Answer:

The dividends payout to preferred stockholders is $113,400 as shown below.

Explanation:

The total dividends payable to holders of preferred shares can be computed thus:

Preferred shares dividends=9000*$90*14%

Preferred shares dividends =$113,400

Preferred shareholders have prior claims to dividends ahead of ordinary shareholders,but after bondholders' interest payments have been settled.

The same way they also have precedence in the distribution of company's assets before ordinary shareholders upon the liquidation of the company.

The downside is that they cannot share in excess profits after payment of dividends as they are part-owners of the company unlike ordinary shareholders.

8 0
3 years ago
Prior to labor unions, both the employer and employee had the legal right to terminate an employment
Kruka [31]

Before the times of the labor unions, both the employer and the employee reserved the right of employment at will, meaning either one could terminate the agreement at any time and for any reason.

The correct term for the situation proposed in the question is employment at will. The other options describe agreements that have arisen since the creation of the labor unions.

The first option, a closed shop, described an agreement made between the hiring party and the labor unions in which the hiring party agrees to <u>only hire members of the union</u>, while an open shop is just the opposite.

Collective bargaining, on the other hand, is the long process in which the workers of an institution work through their labor unions in order to <u>negotiate contracts </u><u>and the terms of </u><u>employment</u><u>, which include income and benefits. </u>

Therefore the only option that existed prior to the development of labor unions is employment at will, which allowed the termination of a contract at any time for any reason.

To learn more visit:

brainly.com/question/518131?referrer=searchResults

3 0
3 years ago
Gilson Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and
Ann [662]

Answer:

a. $2,020 Favorable

Explanation:

The computation of spending variance for direct materials in April is shown below:-

For computing the spending variance for direct materials in April first we need to find out the actual price per unit which is here below:-

Actual price per unit = Actual direct material ÷ Actual units purchased

= $49,086 ÷ $5,060

= $9.70

Spending variance for direct materials in April = (Actual price per unit - Standard price per unit) × Actual quantity

= ($9.70 - $10.10) × 5,060

= -$0.4 × 5,060

= $2,024 Favorable

which is closest to $2,020 Favorable.

3 0
3 years ago
Other questions:
  • Skills devalopment act
    11·1 answer
  • Which of the following is needed to implement the marketing concept?
    6·1 answer
  • Suppose that there are significant costs associated with coordinating a subsidiary with the parent organization and assessing th
    8·2 answers
  • Charles Mott works for a company called VeriSign that acts a trusted third party to verify information. One of Charles' largest
    12·1 answer
  • Most purchases agreements are contingent on which two items
    15·2 answers
  • According to this doctrine, an agency relationship which is created after the fact when the principal agrees to be bound by the
    8·1 answer
  • Goodnight y’all ! I just wanted to tell y’all that
    7·2 answers
  • In 2020, Indigo Corporation had pretax financial income of $175,000 and taxable income of $130,000. The difference is due to the
    5·1 answer
  • You are considering taking out one of two loans. Loan R has a principal of $17,550, an interest rate of 5. 32% (compounded month
    7·1 answer
  • A bond that has a face value of $150 maturing in one year is available for purchase for $134 . What is the interest rate offered
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!