Which of the following is/are true?
a. The seller measures revenue as the amount of cash, or the cash-equivalent value of other assets, that it receives from customers.
b. The seller measures revenue amounts as the exchange price between buyer and seller at the time of sale.
c. If the firm has not performed all of its obligations, it may make adjustments in the form of sales discounts and allowances.
d. If the firm has not performed all of its obligations, it may make adjustments in the form of sales returns.
e. all of the above are true
E
You might also like to view...
Rollo promises to perform, for a price, shoe repair services in affiliation with Togs 'n Things, a clothing store. To support a contract, the consideration exchanged by the parties must be
A. adequately considerate. B. equally valuable. C. legally sufficient. D. wisely priced.
Which of the following describes a known dividend yield on a stock?
A. The size of the dividend payments each year is known B. Dividends per year as a percentage of today's stock price are known C. Dividends per year as a percentage of the stock price at the time when dividends are paid are known D. Dividends will yield a certain return to a person buying the stock today
Last school year, the student body of a local university consisted of 30% freshmen, 24% sophomores, 26% juniors, and 20% seniors. A sample of 300 students taken from this year's student body showed the following number of students in each classification. Freshmen 83 Sophomores 68 Juniors 85 Seniors 64 We are interested in determining whether or not there has been a significant change in the
classifications between the last school year and this school year. The expected frequency of seniors is a. 60 b. 20% c. 68 d. 64
Seventy percent of the population of sub-Saharan Africa exists on less than $2 a day and is unable to pay for medications at a price point that would reimburse pharmaceutical companies for their research investment in medications to treat AIDS,
tuberculosis, and malaria. How does this relate to the demands of corporate social responsibility?