Business, 21.02.2020 02:23, coontcakes
The following independent situations require professional judgment for determining when to recognize revenue from the transactions. Identity when revenue should be recognized in each of the situations. (a) Southwest Airlines sells you an advance purchase airline ticket in September for your flight home in December.(b) Ultimate Electronics sells you a home theater on a "no money down and full payment in three months' promotional deal.(c) The Toronto Blue lays sell season tickets online to games in the Skydome. Fans can purchase the tickets at any time, although the season doesn't officially begin until April. The major league baseball season runs from April through October.(d) You borrow money in August from RBC Financial Group. The loan and the interest are repayable in full in November.(e) In August, you order a sweater from Seats using its online catalog. The sweater arrives in September, which you charged to your Sears credit card. You receive and pay the Sears bill in October.
Answers: 3
Business, 21.06.2019 13:30, rollercoasterbuddies
The budgeted overhead cost for the year is $1,260,000. the company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. the current audit bid for monoco industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material. what is the overhead rate based on a single cost driver (rounded to the nearest percentage)?
Answers: 3
Business, 22.06.2019 14:10, liliauedt
When a shortage or a surplus arises in the loanable funds market a. the supply of loanable funds changes to return the economy to its original real interest rate b. the nominal interest rate is pulled to the new equilibrium level c. the demand for loanable funds changes to return the economy to its original real interest rate d. the real interest rate is pulled to the new equilibrium level
Answers: 3
Business, 22.06.2019 17:50, hinokayleen5053
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
Answers: 1
The following independent situations require professional judgment for determining when to recognize...
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