Snell Co. performs and completes services for a client in May and bills the client $1,000. In June, the client makes a partial payment of $300 cash for the services. In July, the remaining $700 cash is paid. Determine the monthly revenue recorded in May, June, and July for this service

Answers

Answer 1

The financial statement performed by Snell Corporation shows how the revenue recognition provides financial statement users(i.e. the client that uses Snell Co. service in May, June, and July) with relevant information regarding the services associated with revenue from customer contracts.

In the given case, the Snell Co. service charge was hiked in May since the entire service income must be accounted for in May. The amount owed from a client is seen as a current asset on the balance sheet, and once the amount is received from a client, it is removed off from the current asset. Thus it is added to the zero dollars ($0) company's cash balance. In this case, the cash collected in June and July is not recorded as revenue.

We can conclude that the monthly revenue recorded from Snell Co. performance and services for the client in May, June, and July for this service is as follows:

Months                               Revenue

May                                     $1000

June                                       0

July                                         0

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Answer 2

Revenue is only earned after the required obligation (goods delivered or service rendered) has been fulfilled. From the question, we noted that Snell Co. performs and completes services for a client in May hence the revenue was earned in May irrespective of when money was received for the service rendered.

As such revenue earned in;

May is $1,000

June is $0

July is $0

for the service rendered


Related Questions

Examples of rounding?

Answers

Answer:

Rounding means making a number simpler but keeping its value close to what it was.

Step-by-step explanation:

Example: 73 rounded to the nearest ten is 70, because 73 is closer to 70 than to 80. ... But 76 goes up to 80.

Evaluate the exprssion when a= -5
a2+6a-9

Answers

Answer:

-49

Step-by-step explanation:

Substitute the a for -5

2(-5)+6(-5)-9

Multiply:

-10+-30-9

Add:

-40-9

Subtract (Add negatives):

-49

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

-14

»»————- ★ ————-««  

Here’s why:  

⸻⸻⸻⸻

[tex]\text{Assuming that the expression is: } a^2 + 6a -9[/tex]

⸻⸻⸻⸻

[tex]\boxed{\text{Evaluating...}}\\\\a^2+6a - 9\\-----------\\(-5)^2 + 6(-5) - 9\\\\\rightarrow (-5)^2 = 25\\\\\rightarrow 6 * -5 = -30\\\\25 - 30 - 9\\\\\rightarrow \boxed{-14}[/tex]

⸻⸻⸻⸻

»»————- ★ ————-««  

Hope this helps you. I apologize if it’s incorrect.  

What is 50 divided by 8?

Answers

Answer:

6.25 or 6 2/8 or 6 R2

Step-by-step explanation:

Hourly rate: $3.82; Hours: 24; What are the total earnings

Answers

Answer:

$91.68

Step-by-step explanation:

$3.82 × 24 = $91.68

Answer: $91.68

Step-by-step explanation:

Given information

Hourly rate = $3.82

Hours = 24

Given expression deducted from the given information

Total earning = Hours × Hourly rate

Substitute values into the expression

Total earning = (24) × (3.82)

Simplify by multiplication

Total earning = $91.68

Hope this helps!! :)

Please let me know if you have any questions

[15-(|-6+2|+ squareroot9)]^2
can anyone explain the steps for how to solve it too? i’m confused :(

Answers

Answer:

1936

Step-by-step

[tex][15 - (1 - 6 + 21 + \sqrt{9} )] ^{2}[/tex]

use BIDMAS

(1 - 6 + 21 + [tex]\sqrt{9}[/tex]) = (1 - 6 + 21 + 3) = (1 - 30) = -29

[15 - -29] = [15 + 29] because two minuses together make a plus

[tex]44^{2}[/tex] = 1936

Solve the equation. 4x2 + 20 = -7​

Answers

isyuwwkshshjehehwjejsdndbddhddhdjsnsnss

Ages Number of students
15-18 5
19-22 7
23-26 8
27-30 7
31-34 2
35-38 4


Based on the frequency distribution above, find the relative frequency for the class with a lower class limit of 35

Give your answer as a percent, rounded to 1 place after the decimal point, if necessary. Type only a number in the answer box (do NOT type "%" after your answer).

Answers

Answer:

35 is the answer

Step-by-step explanation:

Can someone pls help me
I will mark u as Brainliest

Answers

Answer:

C

Step-by-step explanation:

because when you reflect it the figure A on the y-axis, it looks the same as A*, and when you move it 5 units down both figures are at the same place, showing that the shapes are congruent.

An equation for the difference between the time is 38.4 - a= 9.59. The others time was

Answers

Answer:

Presumably the "others time" is the quantity [tex]a[/tex], which is 28.81

Step-by-step explanation:

Let's solve for [tex]a[/tex] from

[tex]38.4-a=9.59[/tex]

Adding [tex]a[/tex] gives

[tex]a+9.59=38.4[/tex]

Then subtracting 9.59 gives

[tex]a=38.4-9.59=28.81[/tex]

the square of a positive number is always ________

fill in the blanks​

Answers

Answer:

the square of a positive number is always positive

Class 8 squares and square roots without adding find the sum of a) 1+3+5+7+9+11+13+15+17.

Answers

Answer:

given

n=9

a=1

d=3-1=2

Step-by-step explanation:

now , by formula,

sn = n/2(2a+(n-1)d)

= 9/2(2×1+(9-1)×2)

=9/2×18

=81

Carson is hiking a trail that is 12 kilometers long. one-fourth of the way through the course, he stops to rest. how many meter does carson have left to hike on the trail after he rests?​

Answers

Answer:

9000 m

Step-by-step explanation:

One: Note that the answer is supposed to be in meters. It's easier if we just convert the 12 kilometers to meters now so we dont' have to worry about it later. 1 kilometer is 1,000 meters, so all we need to do is add three zeros to the end to make it meters:

12km=12,000m

Two: 1/4 means to divide by 4: 12,000/4= 3,000.

Three: The question is asking how much is LEFT. So we would do 12,000-3,000, which is 9000.

If 4/15 of the candies in a bag of Skittles are red and 3/10 are yellow, what fraction of the bag are red or yellow

Answers

Add the two fractions together but first rewrite the fractions with a common denominator.

4/15 = 8/30

3/10 = 9/30

8/30 + 9/30 = 17/30

Answer: 17/30

The fraction is 17/30.

What is fraction?

fractions are represented as a numerical value, which defines a part of a whole. A fraction can be a portion or section of any quantity out of a whole, where the whole can be any number, a specific value, or a thing.

For example.

The following figure shows a pizza that is divided into 8 equal parts. Now, if we want to express one selected part of the pizza, we can express it as 1/8 which shows that out of 8 equal parts, we are referring to 1 part.

Given:

4/15 of the candies in a bag of Skittles are red

3/10 are yellow

So, make the denominator of both fraction same by LCM

4/15 = 8/30

3/10 = 9/30

Now,

8/30 + 9/30 = 17/30

Hence, the fraction is 17/30.

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How many solutions does the nonlinear system of equations graphed
below have?
Y=-1/64(x-16)^2+4 Y=-1/2x-4

Answers

9514 1404 393

Answer:

  2

Step-by-step explanation:

The graphs have two (2) points of intersection. Each point of intersection is a solution to the system of equations. The coordinates of that point satisfy both equations simultaneously.

There are 2 solutions to the graphed system of equations.

show that there do not exist scalar c1 c2 and c3 c1(-2,9,6)+c2(-3,2,1)+c3(1,7,5)= (0,5,4)​

Answers

This is the same as showing the following system of equations doesn't have a solution:

[tex]\begin{cases}-2c_1-3c_2+c_3 = 0 \\ 9c_1 + 2c_2 + 7c_3 = 5 \\ 6c_1 + c_2 + 5c_3 = 4\end{cases}[/tex]

or in matrix form,

[tex]\begin{bmatrix}-2&9&6\\-3&2&1\\1&7&5\end{bmatrix}\begin{bmatrix}c_1\\c_2\\c_3\end{bmatrix} = \begin{bmatrix}0\\5\\4\end{bmatrix}[/tex]

The quickest way to check if there is a solution is to check whether the coefficient matrix is invertible. If its determinant is 0, then it is not invertible.

And the quickest way to show that the determinant is 0 is by observing that the third row is a linear combination of the first two rows:

(-2, 9, 6) - (-3, 2, 1) = (-2 + 3, 9 - 2, 6 - 1) = (1, 7, 5)

So there are indeed no such scalars c₁, c₂, and c₃.

helppppp maybee pplsss

Answers

Answer:

CD and BE

BC and DE

...........

Which describes the relationship between the distance and the difference?

Answers

Answer:

Which describes the relationship between the distance and the difference? The distance is always the opposite of the difference. ... The distance is the absolute value of the difference.

The temperature at the begſnning of the day was - 3°F. The temperature dropped 2°F by the end of the day.
What was the temperature at the end of the day? Use the number line model to find – 3-2.

Answers

Answer:

- 5°F

Step-by-step explanation:

- 3°F - 2°F

(-3) - 2

-5

- 5°F

The fifth grade class donation consisted of 1/5 pasta boxes and 6/15 cans of soup. What fraction of their total donation was vegetables?

Answers

Answer:

None?

Step-by-step explanation:

Not enough information, at least from what you have given me

What is the correct way to notate the shaded
region indicated by this Venn Diagram?

Answers

The correct notation will be A∪B and it can be read as A union B

In the given Venn diagram we can deduce the following;

U: this is the universal set, it comprises all the elements in set A and set B, as well as the compliments of set A and set B.A: this is include the elements contained in set AB:  this include the elements contain in set BA∩B: this includes the elements in common for both set A and set B. This is often read as A intersect B.A∪B: this include all the elements contained in both set A and set B. This often read as A union B.

The shaded region in the Venn diagram includes all the elements in set A and all the elements in set B.

Thus, the correct notation will be A∪B and it can be read as A union B.

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A Venn Diagram is a diagram used to define sets.

Here we will find that the notation of the shaded region is: A ∪ B

To know this, we need to define all of the notations in the options:

A ∩ B:  This is the intersection of sets A and B, so this is the set of the elements that belong to both sets.A ∪ B: This is the set of all the elements that belong to either A or B (or both)A ⊂ B: This means that set A is included in B¬A (or a set with a line on top): Represents the set of all the elements that do not belong to A.

So with these general notations, is easy to conclude that if we have shaded sets A and B completely, then we have the set: A ∪ B

The correct option is C.

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round 6.7 to the nearest whole number.

Answers

Answer:

7

[tex]\tt{ \green{P} \orange{s} \red{y} \blue{x} \pink{c} \purple{h} \green{i} e}[/tex]

find the solution to this systems of equations

Answers

Answer: I dont know

Step-by-step explanation:

Answer:

x= -y+1

y=2x+z−1

z=−x−2y+ 8 /3

Step-by-step explanation:

I honestly entered it into a algebra calculator which gave me the steps.

Is 66.06 a irrational number

Answers

Answer:

No.

Step-by-step explanation:

No because it can be written as a fraction, 6606/10

Distributive Property to find 83x7

Answers

Answer:

Step-by-step explanation:

This is a handy thing to know how to do.

83 = 80 + 3

7*(80 + 3)

560 + 21

581

Which is an example of a unit rate?

Answers

Answer:

A unit rate means a rate for one of something. We write this as a ratio with a denominator of one. For example, if you ran 70 yards in 10 seconds, you ran on average 7 yards in 1 second. Both of the ratios, 70 yards in 10 seconds and 7 yards in 1 second, are rates, but the 7 yards in 1 second is a unit rate.

Find the equation of the line with the slope 3/2 through the point (-6,2)

Answers

Step-by-step explanation:

y-y1=slope (x-x1)

where x1=-6,y1=2 and slope=3÷2

y-2=3÷2{x-(-6)}

y-2=3÷2(x+6)

y-2=(3x+18)÷2 cross multiply

2y-4=3x+18 collect like terms

2y=3x+18+4

2y=3x+22....ans

What is one root of this equation?

2x^-4x+9=0

Answers

9514 1404 393

Answer:

  1 +i√3.5

Step-by-step explanation:

In vertex form, the equation is ...

  2(x² -2x +1) +7 = 0

  2(x -1)² +7 = 0

Then the solutions are ...

  (x -1)² = -7/2

  x = 1 ±i√3.5

One solution is 1+i√3.5.

Helen and Rebecca baked some muffins in the ratio 2:5. After Helen baked another 12 muffins, the ratio become 1:2. How many muffins did Helen bake altogether?​

Answers

Answer:  60 muffins

=========================================================

Explanation:

x = some positive whole number

2x = amount Helen baked initially

5x = amount Rebecca baked initially

Notice that the ratio 2x:5x reduces to 2:5 after dividing both parts by x.

So (2x)/(5x) = 2/5

Helen then bakes another 12 muffins, bumping the 2x up to 2x+12. The ratio is now 1:2, which means,

(amount Helen bakes)/(amount Rebecca bakes) = 1/2

(2x+12)/(5x) = 1/2

2(2x+12) = 5x*1 .... cross multiply

4x+24 = 5x

24 = 5x-4x

24 = x

x = 24

From here, we then can say,

Helen = 2x+12 = 2*24+12 = 48+12 = 60Rebecca = 5x = 5*24 = 120

Helen baked 60 muffins and Rebecca baked 120 muffins. We see that 60:120 reduces to 1:2 after dividing both parts by the GCF 60.

Furthermore, note how

2x = 2*24 = 485x = 5*24 = 12048:120 reduces to 2:5 after dividing both parts by 24

This helps confirm we have the correct answer.

The difference of two numbers is 16, and their sum is 20. What are the two numbers?

Answers

Answer:

18 and 2

Step-by-step explanation:

18-2=16

18+2=20

Hi ;-)

[tex]\{x-y=16\\+\{x+y=20\\--------\\2x = 36 \ \ /:2\\\boxed{x=18}\\18+y=20 \ \ /-18\\\boxed{y=2}[/tex]

These numbers are 18 and 2.

a system of equations is given below in terms of the scalar parameters a and b.

ax + 2y+ 4z = b

2x +y+3z= a+1

5x-2y+ (a+1)z= 3

(1) Show that if a = -5 or a=2, the system does not have a unique solution.​

Answers

A system of equations only has a unique solution if all the equations are linearly independent (this means that we have two or more equations representing the same curve).

Here we have the system:

a*x + 2*y + 4*z = b

2*x + y + 3*z = a + 1

5*x - 2*y + (a + 1)*z = 3

Now we want to show that if a = -5 or a = 2, then the system does not have a unique solution.

To see this, we can just replace a by these values and see that the equations are not linearly independent.

for a = 2 we get:

2*x + 2*y + 4*z = b

2*x + y + 3*z = 2 + 1

5*x - 2*y + (2 + 1)*z = 3

Simplifying this:

2*x + 2*y + 4*z = b

2*x + y + 3*z = 3

5*x - 2*y + 3*z = 3

From the second and third equation we can write:

2*x + y + 3*z = 3 = 5*x - 2*y + 3*z

2*x + y + 3*z = 5*x - 2*y + 3*z

2*x + y = 5*x - 2*y

3*y = 3*x

y = x

now that we know this, we can rewrite the equations as:

4*(x + z) = b

3*(x + z) = 3

Now we can take the quotient of the two equations to get:

(4*(x + z))/3*(x + z) = (4/3) = b/3

b = 4

Then the equations become:

4*(x + z) = 4

3*(x + z) = 3

Here we can divide te above one by 4 and the below one by 3 to get:

(x + z) = 1

(x + z) = 1

So both equations represent the same line, thus, the system does not have a unique solution.

Now for a = -5:

-5*x + 2*y + 4*z = b

2*x + y + 3*z = -5 + 1

5*x - 2*y + (-5 + 1)*z = 3

Simplify it:

-5*x + 2*y + 4*z = b

2*x + y + 3*z = -4

5*x - 2*y  - 4*z = 3

Now we can rewrite the first equation as:

-5*x +2*y - b = -4*z

and the third one as:

-4*z = 3 - 5*x + 2*y

Then we can write:

-5*x +2*y - b = -4*z = 3 - 5*x + 2*y

-5*x +2*y - b = 3 - 5*x + 2*y

Now we can remove the -5*x in both sides to get:

+2*y - b = 3 + 2*y

Now we can remove the 2*y in both sides to get:

-b = 3

b = -3

Replacing this in our system we get:

-5*x + 2*y + 4*z = -3

2*x + y + 3*z = -4

5*x - 2*y  -4*z = 3

Now we can multiply the first equation by -1:

-1*(-5*x + 2*y + 4*z)= -1*(-3)

5*x - 2*y - 4*z = 3

This is the same as the third equation, so here we can see that the first and third equations represent the same line, thus, the system of equations does not have a unique solution.

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