Why is the point of sale usually used as the basis for the timing of revenue recognition?
Fantastic news! We've Found the answer you've been seeking!
Question:
Why is the point of sale usually used as the basis for the timing of revenue recognition?
Expert Answer:
Answer rating: 100% (QA)
Point of sale is usually used as the basis for the timing of revenue recognition because thi... View the full answer
Related Book For
Posted Date:
Students also viewed these marketing questions
-
When variables are used as the basis for a contingency table, what scale of measurement must they represent?
-
Mutual induction can be used as the basis for a metal detector. A typical setup uses two large coils that are parallel to each other and have a common axis. Because of mutual induction, the ac...
-
Is the point of the letter to the editor about scope creep, or tracking? What is it about?
-
Adam Hoover bought 72 shares of General Oil Co. stock at a par value of $85 per share. The stock paid annual dividends of 7 1/2%. How much did Adam receive in dividends this year? Commissions 0. Mrs....
-
(a) Find the eigenvalues and eigenvectors of (b) Verify that the eigenvectors are mutually orthogonal. Based on part (a), is K positive definite, positive semi-definite or indefinite? (c) Solve the...
-
1: Operational Net Cash Flow Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Initial Cash Outlay Note ($468,000.00) Potential Revenue a $30,879.00 $36,437.22 $42,995.92...
-
Within the revenue /receipt cycle, controls must be implemented not only for sales and shipments, but also for sales returns and allowances. Otherwise, sales could be overstated and the financial...
-
Bob's Rawhide Company has a dividend payout ratio of 30%. Next year it will earn $2.50 per share and have a return on equity of 15%. The shareholders' required return is 12%. a. Calculate the...
-
Assume Large Corporation Invested $ 600,000 for Small Corporation and the estimated Fair Market Values of Assets, Liabilities and Equity Accounts are as follows: Assets Amount $ Liabilities Amount $...
-
Download the Applying Excel form and enter formulas in all cells that contain question marks. The Chapter 2 Form worksheet is to be used to create your own worksheet version of the example in the...
-
Based on the current logo of the nonprofit organization UNICEF what are some ways that the logo can be recreated without disturbing the meaning behind of the organization. keep in mind that UNICEF is...
-
Air flows in an 8-cm-inside diameter pipe that is \(4 \mathrm{~m}\) long. The air enters with a Mach number of 0.45 and a temperature of \(300 \mathrm{~K}\). (a) What friction factor would cause...
-
A social venture is a business that seeks to solve a social problem and provide a social good. A social good is a product or service that benefits society. Clean air, clean water, literacy, and...
-
Oxygen enters a 6-in.-diameter duct with \(T_{1},=600^{\circ} \mathrm{R}, p_{1}=50 \mathrm{psia}\), and \(V_{1}=600 \mathrm{ft} /\) sec. The friction factor is \(f=0.02\). (a) What is the maximum...
-
The mass of an oxygen atom is \(2.6567 \times 10^{-26} \mathrm{~kg}\). Calculate the rms speed of an oxygen molecule with an average kinetic energy of \(1.38 \times 10^{-25} \mathrm{~J}\).
-
Air enters a circular duct with a Mach number of 3.0. The friction factor is 0.01 . (a) How long a duct (measured in diameters) is required to reduce the Mach number to 2.0 ? (b) What is the...
-
Read the following famous cases involving theft of intellectual property or trade secrets: Mattel, Inc. v. MGA Entertainment, Inc ., 616 F. 3d 904 (9th Cir. 2010) Campbell v . Acuff - Rose Music ,...
-
Perform the operation by first converting the numerator and denominator to scientific notation. Write the answer in scientific notation. 7,200,00/0.000009
-
Create Primary Keys on all 3 tables All 3 tables should have IDENTITY columns as the PRIMARY KEY's. They must start at 100 and increment by 2. Create a Unique Key on dbo.Sales.VerficationCode Create...
-
For a sample of five different years from the period 1960 through 2007, it is found that U.S. work stoppages involving at least 1000 workers occurred 268 times in one of these years, with 424, 235,...
-
The owner of a large chain of health spas has selected eight of her smaller clubs for a test in which she varies the size of the newspaper ad and the amount of the initiation fee discount to see how...
-
A sample of 40 investment customers serviced by an account manager are found to have had an average of $23,000 in transactions during the past year, with a standard deviation of $8500. A sample of 30...
-
a. Using the DSA in Experiment 4A to generate open-loop Bode plots, what is the phase margin when the sample time is set to its default (0.00025 sec)? b. Repeat with a sample time of 0.0005 sec. c....
-
a. In Experiment 4A, set the sample frequency to 50 msec and measure the phase margin. b. Compare this with the phase margin with a 1-msec sample time (same as Question 1c). (DATA FROM QUETION 1C) c....
-
Assume that you have shorted the put option in Problem 4. a. If the stock is trading at \($8\) in three months, what will you owe? b. If the stock is trading at \($23\) in three months, what will you...
Study smarter with the SolutionInn App