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Sholpan [36]
2 years ago
3

The following events pertain to Bills Company:________. 1. December 28, 2021 Bills was contacted by a customer for possible acco

unting and tax services. 2. December 30, 2021 Bills signed a formal agreement with the customer to provide accounting and tax services in 2022. 3. January 4, 2022 The customer paid $1,000 in advance for the services to be provided by Bills Company. 4. January 11, 2022 Bills provided accounting and tax services to the customer. Using accrual-basis accounting, on which date should Bills Company record revenue for the accounting and tax services?a. December 30, 2018.
b. December 31, 2018.
c. January 4, 2019.
d. January 11, 2019.
Business
1 answer:
olga nikolaevna [1]2 years ago
7 0

Answer:

c. January 4, 2019.

Explanation:

Accrual Basis of Accounting states that transactions are recorded when they meet the definition and recognition criteria of either an Asset, Liability, Income or Expense.

According to International Financial Reporting Standard (IFRS), Revenue is recorded when the entity transfers control of the goods or services (IFRS 15).

Bills Company provided accounting and tax services to the customer on 4 January. This is the date that control is transferred.

Thus,  Bills Company record revenue for the accounting and tax services on  January 4, 2019.

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Imagine you are the director of global business development for a large Swedish engineering company that wants to win a contract
Nesterboy [21]

Answer: I would reject his demand for bribe straight away and i will recommend senior management to protect business ethics at all cost.

Explanation: first of all i would not accept the demand of bribe from the official and would try to report this corruption to the concerned authorities.I would try to pressure the authorities to take strict actions against the official and to make the process to be fair and honest in every way.

I as a representative of my company would recommend senior management to take hands off from the project until appropriate actions are taken by the authority as getting into unethical actions might result in problems in future .

5 0
2 years ago
In November 2004, Kraft Foods sold its confectionery business to Wrigley for $1.85 billion cash, which consisted primarily of th
VMariaS [17]

Answer:

The correct answer is letter "B": Sell-off.

Explanation:

A sell-off is the rapid sale of an asset typically follow by its drastic decline in its value. For example, if ABC corporation releases a bad earning report many of its shareholders may decide to sell their shares. With many sellers and few buyers, ABC stock value will sharply fall.

Kraft Foods Inc., in November 2004, published the sell of its sugar confectionery enterprises because they had discontinued operations. They planned to restructure the organization realigning and lowering the structure cost and optimizing capacity utilization.

4 0
2 years ago
Thayer Farms stock has a beta of 1.38. The risk-free rate of return is 3.87 percent, the inflation rate is 3.93 percent, and the
meriva

Answer: 16.33%

Explanation:

With the details given, the best method of Calculating the expected rate of return is the Capital Asset Pricing Model (CAPM).

The formula is,

Er = Rf + b(Rm - Rf)

Where,

Er is expected return

Rf is the risk free rate

b is beta

Rm - Rf is the Market Premium

Er = 3.87% + 1.38(9.03)

= 3.87% + 12.4614%

= 16.33%

The model accounts for inflation by including the risk free rate which is already adjusted for inflation.

8 0
2 years ago
EA11.
Vedmedyk [2.9K]

Answer:

$1,700

Explanation:

Given that,

Purchase of raw materials inventory  = $1,000

Assignment of raw materials inventory to Job 5  = $500

Payroll for 20 hours with $1,000 assigned to Job 5

Factory utility bills = $750

Overhead applied at the rate = $10 per hour

Cost assigned to Job 5 at the end of the week:

= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied

= $500 + $1,000 + ($10 per hour × 20 hours)

= $500 + $1,000 + $200

= $1,700

3 0
2 years ago
Marco traveled across three states to shop at Tiffany's to buy his girlfriend, Jana, a present. This is the only Tiffany's store
Llana [10]

Answer:

Exclusive.

Explanation:

In this scenario, Marco traveled across three states to shop at Tiffany's to buy his girlfriend, Jana, a present. This is the only Tiffany's store in the entire region. The degree of channel coverage for Tiffany's is exclusive.

In marketing, there are basically three (3) types of market channel coverage used by businesses;

1. Intensive market coverage: this involves a company extending its products to as many sales outlets as possible. Therefore, it's a saturation coverage of the market. Some examples are softdrinks, beer, or cigarettes company.

2. Selective market coverage: it involves a company using a limited number of sales outlets to sell its products in a region. Thus, it lie between an intensive distribution and exclusive market coverage.

3. Exclusive market coverage: this involves a company extending its products to only one sales outlets. Thus, it is the exact opposite of an intensive market coverage and a complex form of selective market coverage. It gives companies prestige and improves brand quality perceptions.

<em>Hence, the degree of channel coverage for Tiffany store is exclusive market coverage. </em>

6 0
2 years ago
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