Business

Bailey Schultz

8 August, 03:05

ABC Toys received an order from a customer on March 1. The toys were shipped on March 18. The customer sent a check for full payment on April 10. ABC received the check on April 12 and deposited it in the bank account. ABC should record sales revenue related to this series of transactions on

a. March 1

b. March 18

c. April 10

d. April 12

e. None of the above is corre

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “ABC Toys received an order from a customer on March 1. The toys were shipped on March 18. The customer sent a check for full payment on ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

5. Which of these options is NOT a type of insurance? 1 Life. 2 Homeowners. 3 Long-term care. 4 Educational

Flax purchased $5,000 in equipment during 20X4. Flax allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses.

Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The will disinherits a third son, Hal. Don and Elsie divorce, but Don dies before changing his will.

You decided to deposit your money in the bank at the beginning of the year instead of the end of the same year, but now you are making payments of $2,250 at an annual interest rate of 8%.

During 2021, its first year of operations, a company provides services on account of $257,000. By the end of 2021, cash collections on these accounts total $131,000. The company estimates that 12% of accounts receivable will be uncollectible.

New Questions in Business

For its Premium Banking Customers, Upscale Bank has an average acquisition cost of $300, Annual Revenue of $600 with an Annual Retention cost of $ 100 and a churn rate of 10%. Calculate average non-discounted CLV.

Which of the following statements is true? A. In a job-costing system, average production cost is calculated for all units produced. B. In a job-costing system, overheads are allocated to all units equally. C.

Gemma's music store is doing well, but her goal is to improve customer satisfaction. In order to do so, she should A. improve the quality of her products. B. track her sales carefully. C. lower her prices. D. understand her customers' values.

A ___It's a written set of instructions that tells a bank how to use money to pay someone

Tyler returned $500 worth of merchandise within the discount period. The entry to record the return is which of the following? A. Debit Purchases for $500; credit Accounts Payable $500 B.