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The rest should have answers but let me know the formula for the last one, and I can figure it out. You are a service
The rest should have answers but let me know the formula for the last one, and I can figure it out.
You are a service business but your service doesn't start for a few weeks so you decide to sign people up and take their money now. During your first week of doing this, you collect $100 for these future events. How much revenue do you report at the end of the week? O $200.00 because that is the actual amount of cash you collected $188.00 because you must subtract 6% from the cash collected to get true revenue O $188.68 because the cash you collect includes revenue and sales tax O None. Revenue can only be recognized when the product or service is delivered You are doing an analysis of your actual versus pro-forma financial statements and you notice that you sold your products at a $3 higher price per unit but sold 29 units instead of the 92 you projected. Assuming these were the only differences from plan, what variance do you expect? O a. An overall favorable variance in revenue b. An overall unfavorable variance in revenue O c. An unfavorable variance in gross margin percentage O d. A favorable variance in gross margin percentage O a and c above Ob and d above You are doing a variance analysis for Aspirations, the lifestyle brand. What is the year-to-date variance in total revenue? O $1251 O $1760 O ($1069) O ($1760)Step by Step Solution
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