Given Only the Following Information,how Much Revenue Would L Ltd

question 9

Multiple Choice

Given only the following information,how much revenue would L Ltd recognise in May 2012?
(i) A $160 000 deposit was received from a client in May for work to be carried out in June.
(ii) Credit sales of $300 000 made in May,with only $100 000 to be collected in May.
(iii) $40 000 was collected in May from customers for April sales.
(iv) Sold goods were valued at $60 000 on last day of May.Client to be invoiced in early June.
(v) A contract was signed to deliver client goods valued at $80 000 in June.

• A) $260 000
• B) $360 000
• C) $400 000
• D) $160 000.

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Definitions:

Corporate City

A city dominated or significantly influenced by corporate interests, often characterized by prominent business districts and headquarters.

Postmodern City

A concept in urban studies reflecting the diverse, complex, and fragmented nature of cities in the postmodern era, characterized by decentralized planning and cultural pluralism.

Demographic Transition

A model that describes the transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Concentric Zones

A model in urban sociology developed by Ernest Burgess that suggests cities expand outward from a central area in a series of concentric rings, each with its own characteristic use.