The SRI company provides substantial services after the time of product sale and this condition introduces uncertainty. Which of the following is true?
a. Under some circumstances the firm recognizes revenue sometime after the sale.
b. Under some circumstances this uncertainty is sufficient to preclude the firm's recognizing revenue at the time of sale.
c. The firm always recognizes revenue at the time of sale.
d. Both choices a and b are true.
e. None of the above is true.
D
You might also like to view...
Which of the following horizontal restraints of trade has the element of monopoly in it?
A. conscious parallelism B. market sharing C. group boycott D. exchange of nonprice information
If the time, place, and manner of delivery of goods are not mentioned in a contract:
A) The place of delivery is the seller's place of business. B) The place of delivery is the buyer's place of business. C) The seller is obligated to pay for shipping to the buyer's place of business. D) The contract is void for lack of definiteness.
Develop an objective function that would minimize the total cost.
A snack food manufacturer buys corn for tortilla chips from two cooperatives, one in Iowa and one in Illinois. The price per unit of the Iowa corn is $6.00 and the price per unit of the Illinois corn is $5.50.
Expenditures that flow directly to the current income statement and are not reported as assets are ________ costs.
What will be an ideal response?