Ultramega Company Collected $19,600 in May of 2015 for 4

question 42

Multiple Choice

Ultramega Company collected $19,600 in May of 2015 for 4 months of service which would take place from October of 2015 through January of 2016. The revenue reported from this transaction during 2015 would be

• A)0.
• B)$4,900.
• C)$14,700.
• D)$19,600.

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Definitions:

Contingency Planning

The development of strategies and actions to prepare for and respond to unexpected events or emergencies that could negatively impact operations.

Long-term Version

The ability to focus on and plan for future achievements and outcomes over an extended period.

Scenario Planning

A strategic planning method that organizations use to envision and prepare for various future scenarios or outcomes.

Long-term Version

A strategic focus or approach that prioritizes long-term goals and outcomes over immediate gains or results.