e incremental revenue
Q: zed as revenue.
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: Profit
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: net sales is
A: Net Sales is the Revenue that is reported in the profit and loss account of the entity The formula…
Q: equired r
A: Given information :
Q: net sales
A: We know that Net Sales = Sales revenue - Sales returns - Sales Allowances and Discounts
Q: what are the meaning of Revenue Enhancement and Cost Saving ? and I need examples for each.
A: Revenue enhancement is the enhancement or increase in the revenue, which also leads to an increase…
Q: ne Income Statem
A: The correct statement is False
Q: DAILY REVENUE AND COST
A: The daily revenue is the revenue which has been earned by the company or any business during the day…
Q: Describe the revenue recognition principle.
A: Definition: Accrued revenue: Accrued revenue refers to the revenues that are generated from the…
Q: Profitability
A: Profitability is the prime purpose of every business. Every corporation tries to maximize its…
Q: O e. Incremental cost.
A: Opportunity cost - Opportunity cost is benefit forgone for the next best alternative for an…
Q: Explain when it is appropriate to recognize revenue at a single point in time.
A: Revenue refers to the amount of the earning which an organization earns for performing the services.…
Q: Explain the revenue recognition principle.
A: Accounting principle:
Q: Find an expression for the marginal revenue function, s
A: Marginal revenue is the additional revenue earned from selling one more unit of output. It is…
Q: Define Sales revenue.
A:
Q: What is the revenue project?
A: Revenue refers to the income generated by the company by performing certain operations or business…
Q: Compute NCl in income.
A: NCI- The non-controlling interest can be defined as the interest income of the acquired or the…
Q: How to calculate revenue?
A: Money earned by selling products produced or purchased is called sales revenue. Ideally revenue is…
Q: A term that refers to a situation where the revenue function is equal to the cost function.
A: Revenue function and cost function are two important terms used in cost volume profit analysis. The…
Q: Multiple Choice revenues minus expenses.
A: Revenue : Revenue is the result of sale of goods , exchange of assets, interest ,dividend earned on…
Q: 1) Cost-volume relationship states that maximum profit is reached by maximizing revenue. Select one:
A: the correct option with adequate explanation are as follows
Q: Define current operation income?
A: Current operation income otherwise called as operating income.Operating Income: Operating income is…
Q: ther with a remittance puld Northup recogniz®
A: Consignment is the process of authorizing the third party known as consignee to sell the products of…
Q: Explain what is meant by the phrase matched with revenues
A: The term matched with revenues means to recognize expenses in the same period as the related…
Q: corrected profit
A: Unearned Revenue represents the amount of advances received from the customers on the account of…
Q: Why Revenue is recognized when performance obligations are satisfied, not necessarily when cash is…
A: Revenue recognition principle: Revenue recognition principle states that every business organization…
Q: Explain an example how to calculate accounting rate of return.
A: The accounting rate of return (ARR) is the percentage rate of return expected on investment or asset…
Q: Explain return on total assets (ROA)
A: Those resources that are owned by the company and have economic value is term as the assets. The…
Q: Describe the rules of accounting rate of return.
A: The accounting rate of return (ARR) is the percentage rate of return expected on investment or asset…
Q: How does accounting rate of return (ARR) differ from the internal rate ofreturn (IRR)?
A: Introduction: Capital budgeting is an investment criterion or decision making mechanism for…
Q: Define the term Income Smoothing.
A: Income Smoothing: It is an accounting technique which is used to move revenues and expenses of one…
Q: Explain how increased revenue that requires more value.
A: As a part of business every business required the company Revenue to be increased comparitively to…
Q: Explain the Criteria for Recognizing Revenue over Time.
A:
Q: Name the major subsystems of the revenue cycle.
A: Revenue cycle refers to tracking a revenue transaction from its beginning to end i.e. from receiving…
Q: What is meant by incremental revenue or incremental cos
A: Incremental Revenue Incremental Revenue means is an additional revenue earned from selling one…
Q: What are the drivers to the cost of revenue
A: The total cost of producing and delivering a product or service to customers is known as the cost of…
Q: Net Income , SFP
A: Net Income is the excess of revenue over expenses.
Q: Define revenues
A:
Q: Income fr
A: Assumptions :- 1] From…
Q: Classify each of the following items as revenues (R), expenses (EX), or withdrawals (W). Cost of…
A: Definition: Financial Accounting: It refers to the process of recording the financial transactions…
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- 17) A company pays each of its two office employees each Friday at the rate of $100 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is: (Hint: Ask yourself how many days of salary expenses that you need to accrued at the end of accounting period.) Group of answer choices Debit Salaries Expense $600 and credit Salaries Payable $600. Debit Salaries Expense $400 and credit Salaries Payable $400. Debit Unpaid Salaries $600 and credit Salaries Payable $600. Debit Salaries Payable $400 and credit Salaries Expense $400.1Bridget Youhzi works for a large firm. Her alma mater has asked her to make a presentation to the upcoming accounting honor society’s annual scholarship dinner. Her firm supports the presentation because it hopes to recruit more excellent employees like Bridget. The university is 196 miles from her office. In order to get to the dinner by 5:00 p.m., she will need to leave work at 1:00 p.m. She can drive her personal car and be reimbursed $0.50 per mile. The dinner ends at 9:00 p.m. Company policy allows her to spend the night if the return trip is four hours or more. There is a student-run inn and conference center across the street from campus that charges $101 per night. Instead of driving, she could catch a 3:00 p.m. flight that has a round-trip fare of $300. Flying would require her to rent a car for $39 per day and pay an airport parking fee of $25 for the day. The company pays a per diem of $35 for incidentals if the employee spends at least six hours out of town. (The per diem…Abigail's normal work hours are Monday through Friday, 8am to 5pm. On Saturday, Abigail flies to a temporary work site between 9am and 7pm. An overnight stay is required. How many hours if any, must Abigail be paid for travel time? a. 8 b. 10 c. 0 d. 7
- Question 1A- Jason works Monday to Friday, from 10:00 AM to 6:00 AM, at $18.54/hour, including 30 min unpaid lunch. (A) how many paid hours does Jason work everyday? B- Jason works Monday to Friday, from 10:00 AM to 6:00 AM, at $18.54/hour, including 30 min unpaid lunch. (A) how many paid hours does Jason work per week?he given table shows the wage expense of Amar Akbar LLC. If the delay in payment of wages is 1/5 months, the wage expense for the month of May will be: Month Wage expenses February 14,000 March 10,000 April 12,000 May 10,200 June 11,400 a. RO 11,640 b. RO 11,600 c. RO 10560 d. RO 10,400 plz fastQuestion 12 A roofing company collects payment when jobs are complete. The work for one customer whose job was bid at $3,000, has been completed as of December 31, but the customer has not yet been billed. Assuming adjustments are only made at year-end what is the adjusting entry the company would need to make on December 31, the end? O Debit Cash, $3,000 credit Roofing Revenue, $3,000 O Debit Roofing Revenue, $3.000 credit Accounts Receivable tood O Debit Accounts Receivable $3.000 credit Roofing Revenue 3000 O Debit Cash, $3,000 credit Accounts Receivable, $3.000 O No adjustment is required Previous
- 2. Bridget Youhzi works for a large firm. Her alma mater has asked her to make a presentation to the upcoming accounting honor society’s annual scholarship dinner. Her firm supports the presentation because it hopes to recruit more excellent employees like Bridget. The university is 196 miles from her office. In order to get to the dinner by 5:00 p.m., she will need to leave work at 1:00 p.m. She can drive her personal car and be reimbursed $0.50 per mile. The dinner ends at 9:00 p.m. Company policy allows her to spend the night if the return trip is four hours or more. There is a student-run inn and conference center across the street from campus that charges $101 per night. Instead of driving, she could catch a 3:00 p.m. flight that has a round-trip fare of $300. Flying would require her to rent a car for $39 per day and pay an airport parking fee of $25 for the day. The company pays a per diem of $35 for incidentals if the employee spends at least six hours out of town. (The per…13. The salaries given to the nail specialist in #2 is considered part of a. Operating income b. Operating Expense c. General & Administrative Expense d. None of the above 14. Pepe is a Senior High School student who works as a part-time cook every week ends at a certain restaurant near their house and receives a pay of P500 which serves as his weekly allowance. On Friday night, he counted his money and found out that there's still P182.50 left from his money after a week-long class. This amount is to be treated as Gary's a. Gross Profit b. Net Income c. Operating Income d. None of the aboveQuestion 2Eng Hardwares has the following balance as at 30 November 2020: Accounts RM'0000 Waged (Debit) 110,000 Insurance (Debit) 2,000 Rental (Debit) 50,000 Additional information:i. Eng Hardwares pays wages to its workers at the end of every month. However, some internal problems arise and it did not pay wages amounting to RM10,000 to its workers on time on the last day of December 2020. ii. It paid RM10,000 for insurance covered from period December 2020 until March 2021 on 3rd December 2020. iii. It rents out part of its warehouse to another business for RM2,000 per month and receives the rent on the last day of each quarter on 31st March, 30th June, 30th September, and 31st December. However, the tenant has some financial difficulties and failed to pay the three-month rent from October 2020 to December 2020 on 31 December, 2020. iv. On 1 December 2020 it received RM21,600 for a one year rental from a new tenant. Required:-Prepare the journal entry for the reversal of…
- Ay 3 Use the information given below to calculate the net wage of M, Rashford for the last week of June 2022 INFORMATION M, Rashford is employed by United Enterprises. The normal working week is 42 hours. M, Rashford worked for 49 hours during the last week of June 2022. He is remunerated at R78 per hour during normal working hours. Overtime is calculated at 2½ times the normal rate. The following are his deductions for the week: Medical aid fund R420 Pension fund 9% of the normal wages Income tax R920 United Enterprises contributes the same amount as the employees towards the medical aid fund and pension fund.#2_Oct-2019 OCTOBER 2019: Getting ready for the upcoming holiday season is traditionally a busy time for greeting card companies, and it was no exception for Kate. The following transactions occurred during the month of October: Hired an assistant at an hourly rate of $10 per hour to help with some of the computer layouts and administrative chores. Supplements her business by teaching a class to aspiring card designers. She charges and receives a total of $450. Delivers greeting cards to several new customers. She bills them a total of $3,500. Pays a utility bill in the amount of $250 that she determines is the business portion of her utility bill. Receives an advance deposit of $500 for a new set of cards she is designing for a new customer. Pays her assistant $200 for the work done this month. Determines that the assistant has worked 10 additional hours this month that have not yet been paid. Ordered and receives additional supplies in the amount of $1,000. These were paid for…Question 2Eng Hardwares has the following balance as at 30 November 2020: Accounts RM'0000 Waged (Debit) 110,000 Insurance (Debit) 2,000 Rental (Debit) 50,000 Additional information:i. Eng Hardwares pays wages to its workers at the end of every month. However, some internal problems arise and it did not pay wages amounting to RM10,000 to its workers on time on the last day of December 2020. It paid RM10,000 for insurance covered from period December 2020 until March 2021 on 3rd December 2020. iii. It rents out part of its warehouse to another business for RM2,000 per month and receives the rent on the last day of each quarter on 31st March, 30th June, 30th September, and 31st December. However, the tenant has some financial difficulties and failed to pay the three-month rent from October 2020 to December 2020 on 31 December, 2020. On 1 December 2020 it received RM21,600 for a one year rental from a new tenant. Required:-I Need the T Account for the item…