In practice, accountants record sales revenue when: (a) An order is placed by a customer. (b) Cash
Question:
In practice, accountants record sales revenue when:
(a) An order is placed by a customer.
(b) Cash is received for the sales.
(c) A product is finished and ready for sale.
(d) An invoice or account is sent to the customer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting An International Introduction
ISBN: 9780273685203
2nd Edition
Authors: David Alexander
Question Posted:
Students also viewed these Business questions
-
Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Caf Planning Budget For the Month Ended...
-
. On January 1, 2021, D Corp. granted an employee an option to purchase 5,000 shares of D's $2 par common stock at $22 per share. The options became exercisable on December 31, 2022, after the...
-
Which of the following is NOT a tenant's duty to a landlord? A. not to use leased premises for illegal purposes B. not to disturb other tenants C. to maintain the premises D. not to commit waste E. to
-
Ginter Co. holds Kolar Inc.s $10,000, 120-day, 9% note. The entry made by Ginter Co. when the note is collected, assuming no interest has been previously accrued, is: (a) Cash Notes Receivable (b)...
-
Is it necessary for every research project to have a set of hypotheses? Why or why not?
-
One of the fastest-growing segments of the online payments business is mobile payments. U.S. mobile payments are expected to reach $140 billion by 2019 and purchases using mobile devices could...
-
For interim financial reporting, an extraordinary gain occurring in the second quarter should be a. Recognized ratably over the last three quarters. b. Recognized ratably over all four quarters, with...
-
Valley Pizzas owner bought his current pizza oven two years ago for $9,000, and it has one more year of life remaining, lie is using straight-line depreciation for the oven. He could purchase a new...
-
Question Completion Status: QUESTION 16 Differential analysis focuses mostly on which of the following? O a. opportunity costs O b. both cash inflows and outflows. O c. cash outflows only. O d....
-
Refer to the information given in problem 12-17, and your answer to part \(a\) of problem 12-18. \section*{Required} Prepare a schedule providing a proof of the remeasurement gain or loss. For this...
-
Refer to the information presented in problem 12-17, and to your answer to part \(a\) of problem \(12-17\). \section*{Required} Prepare a schedule providing a proof of the translation adjustment.
-
A random sample of 25 observations gave the following summary statistics: Xi = 234 and X i 2 = 3048. Assuming that the data can be looked upon as a random sample from a normal population, construct...
-
IV. Normal Distribution 9. IQ scores are said to be normally distributed with a mean of 100 and a standard deviation of 15. Label the normal curve below and then answer the questions that follow. a....
-
Manually determine the range, variance, and standard deviation of the set of numbers. Show the computations: a. 3, 8, 10, 14, 9, 10, 12, 21, 5, 13, 11, 10 b. 232, 212, 151, 325, 142, 132, 142, 236,...
-
Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 70:30 basis, respectively, wish to retire and have agreed to liquidate the business. Liquidation...
-
1 Frequency Domain Analysis 1. Given an input u(t) = cos(t) + 2 sin(5t) cos(5t) which is a sum of a lower frequency signal and a higher-frequency noise. Determine the feasible range of time constant...
-
A motor supplies a constant torque or twist of M = 120 lb ft to the drum. If the drum has a weight of 30 lb and a radius of gyration of ko = 0.8 ft, determine the speed of the 15-lb crate A after it...
-
Now what do I do? moaned your colleague, Matt. This is a first for me, he confided. You and Matt are recent hires in the Accounting Division of National Paper. A top executive in the company has been...
-
Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...
-
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
-
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
-
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...
Study smarter with the SolutionInn App