Business, 24.06.2020 17:01 faithyholcomb

(a) Xerox reports several sources of income. Which of the following best describes how sales, service, and finance revenues should be recognized? Sales, service, and finance revenues should be recognized when cash is collected. Sales and service revenues are recognized when the sale is made or the service is performed. Finance revenues are recognized when the loan is initially made. Sales, service, and finance revenues are recognized when earned, regardless of when cash is collected. Sales and finance revenues are generally recognized when the sale is made and the loan is extended to the customer. Service revenues are deferred until the end of the service contract, at which time they are recognized in full. (b) Compute the relative size of sales revenue and of revenue from outsourcing, maintenance, and rentals. Hint: Scale each type of revenue by total revenue. Round percentage answers to one decimal place (ex: 0.2345 = 23.5%).

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(a) Xerox reports several sources of income. Which of the following best describes how sales, servic...

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