BUSINESS HIGH SCHOOL

The revenue recognition principle dictates that revenue should be recognized in the accounting records:a. when cash is received
b. in the period that income taxes are paid
c. when it is earned.
d. at the end of the month.

Answers

Answer 1
Answer:

C. When it is earned. The revenue recognition principle is one of the basic concepts of accounting. It is the principle behind the accrual method of accounting and matching principle. Revenue recognition states that revenue is recorded when they are realized, realizable or earned. Normally, it is when the goods have already been delivered or when the service has already been rendered regardless of when the cash is received.

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If an insured has a limited group plan and the carrier discontinues group benefits, as long as the insured has not used up all of their benefits under the policy, in the case of total disability, coverage applies up to ______ after discontinuation or end of disability, whichever occurs first.

Answers

Answer:

90 Days

Explanation:

As generally, an insurer has got all the rights to recover from the insurance company, which are enclosed in the insurance agreement.

When there is a group plan and there is discontinuity on the part of carrier then the insurer holds the right to get the service for 90 days, from the date of discontinuity or that of total disability.

This period is define as per the legal terms of an insurance agreement, made under the prevailing laws and regulations.

Compare transnet with a perfect competitor in terms of price,output and profit

Answers

A perfect competitor is a price taker and Transnet is a price maker. The perfect competitor will make normal profit in the short run and the monopoly will make economic profit in the long run. Output of monopoly will cost high but it makes a greater profit to competitors and a perfect competitor produces at less cost and earns a small portion of the profit. Output transnet can decide the quantity of output that is required and price that can be realized.


I hope this helps, Regards.

The appearance of a résumé can change drastically after it has been scanned.True
False

Answers

That statement is true

That's why you have to provide your resume in a simple and clean format to avoid any misappearance after digital scanlation and also, the recruiters tend to pay more attention to your resume after it has been scanned

Answer:

True

Explanation:

because I took the test.

Strong corporations were prevented in the early 1900s from becoming monopolies.a. True
b. False

Answers

The answer is: b.false

On arriving at the elegant Chez Moulin for a catered dinner, the guests discover that a large plate, called a _______, will remain at their place setting to receive the soup, salad, and entrée plates. A. placer B. charger C. service plate D. receiver

Answers

The correct answer would be : Charger
In the context of utensils, charger is some sort of medium that is used to provide elegance and enhance table's decoration.  It's commonly used in a high class formal event

A young investor would be best served by which kind of portfolio? A. Diverse & aggressive
B. Diverse & conservative
C. Uniform & aggressive
D. Uniform & conservative

Answers

"Diverse and aggressive" is the one kind of portfolio among the following choices given in the question that a young investor would be best served by. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer has come to your help.

I believe the answer is: A. Diverse & aggressive

Portofolio should be made into a diverse porfolio to ensure that the investor would not lose all of their capital if one investment fail. ( this should be done by all investors either old or young).

Young investors tend to better of to play aggressive investments since they are most likely do not have any family that they need to take care of, which mean that they would carry less emotional burden when choosing an investment.
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