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Simora [160]
2 years ago
15

Great Visions Company entered into a contract with ABC Carpet Company on January 15, 2020. The delivery date of March 1 was spec

ified in the contract, but Great Visions did not deliver until March 31, 2020. According to the contract, a full payment of $75,000 was due 30 days after delivery. When should this contract be recorded?
Business
1 answer:
inn [45]2 years ago
8 0

Answer:

March 31, 2020

Explanation:

The accrual accounting principle states that you must record transactions in the accounting periods in which they occur, and the conservatism principle states that revenues should only be recorded when the earning process has been substantially completed.

In this case, only March 31 fulfills both requirements, since the goods were delivered on that day: same accounting period + earning process completed.

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Geoff hesitated as he read the fast food menu, unsure whether he should supersize his order of delicious golden French fries. Do
erma4kov [3.2K]

Answer:

Geoff's target service level is 0.76

Explanation:

Doing so would expand his expense from $0.99 to $1.59 and could very well give him the sustenance he expected to endure the second 50% of his day at the workplace. Obviously, in the event that he completed his cheeseburger and the typical measure of fries, he would essentially discard the additional ones. In any case, on the off chance that he neglected to supersize his request, he would need to take a confection break mid-evening and they weren't actually offering them away in the reprieve room candy machines. He would probably require two pieces of candy, which sold for $0.95 each.

5 0
1 year ago
Read 2 more answers
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 millio
jonny [76]

Answer:

$45.027 million

Explanation:

The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as

Assets = Liabilities + Equity

The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).

Equity = $125.989 million - $77.152 million

= $48.837  million

Retained earnings = Equity - Common stock

= $48.837  million - $3.810 million

= $45.027 million

Digby Corporation's retained earnings is $45.027 million

5 0
1 year ago
An employee of a sports franchise is a Seventh Day Adventist. Seventh Day Adventists hold their worship services on Saturdays. H
polet [3.4K]

Answer:

Retaliation

Explanation:

Based on the information provided within the question it seems that in addition to his first filing, he is now eligible to also file a Retaliation complaint against his employer. This is a complain that is usually filed when an employer  retaliates by firing an employee who made a discriminatory complaint against them. Which is exactly what happened in this situation since the employee was fired because he filed a complaint with the EEOC because his employer would not accommodate his religious needs.

If you have any more questions feel free to ask away at Brainly

3 0
2 years ago
Bypassing regular sales channels in favor of Internet retailing can have strong appeal if it A. D) includes partnering rather th
jolli1 [7]

Answer:

Option A.

Includes partnering rather than competing with existing distributors

Explanation:

Through internet retailing, a business can partner with other distributors and enlist the products of the distributors on their website along side their products.They can charge a fee for each product sold via their platform, which can serve as additional revenue to the business, without much extra costs. This is because the platform is already available.

This is the business model that companies such as Amazon apply. They enlist products of other businesses on their online platform, sell them and make some profit for themselves.

This is what gives internet retailing a strong appeal.

5 0
2 years ago
The exchange rate for the yuan is quoted at 6.58 to the us$ if this changes to 6.25 yuan, what would be the change in price
Oliga [24]
In order to obtain the change in price, the local price of the yuan must be known. Next is to take the difference of the reciprocal of the two prices, then multiply it to the local price. The solution is: change in price = 275 (1/ 6.58 - 1/6.25) therefore, the change in price is equal to $2.21
4 0
2 years ago
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