The accrual concept of recognizing revenue in the period that the transaction occurs and not when payment is received agrees with the matching principle. Revenue should be recognized to match with the recognition of costs incurred for earning the revenue.
Situations Amount of Revenue Recognized in December
a. Ticket Sales $0
Revenue
b. Sales $58,000
Revenue
c. Contract $7,500 ($10,000 x 75%)
Revenue
Thus, for situation (a), no revenue is recognized in December since the game will be played in March. For situation (b), the $58,000 is fully recognized in December, notwithstanding that the customer will pay in February. For situation (c), only 75% of the revenue is recognized in December to agree with the percentage of completion.
Learn more about revenue recognition principle at https://brainly.com/question/24280609
Over the last several decades, the United States has usually had a trade surplus. a trade deficit. decreasing trade levels. balanced trade. When the U.S. 2008 recession began, the trade deficit decreased. increased the level of trade. increased. became a trade surplus. When net exports increase, a trade surplus becomes a trade deficit. GDP increases. imports exceed exports. GDP decreases.
Over the last several decades, the United States has usually had a trade deficit.
When the U.S. 2008 recession began, the trade deficit increased.
When net exports increase, GDP increases.
Trade deficit is when the import of an economy is greater than the export of the economy. Import are goods that are bought from foreign countries. Export are goods that are sold to foreign countries. As at August 2021, trade deficit in the United States was $73.3 billion. This is higher than the forecasted amount of $70.5 billion.
During the 2008 recession, trade deficit increased by 3% to $920.7 billion. One of the reasons for this was the increase in the price of crude oil which is a major consistent of import of the United States.
GDP calculated using the expenditure approach is : consumption + government spending + business spending + net export.
Net export = export - import.
If net export increases, GDP increases.
To learn more, please check: https://brainly.com/question/3651082?referrer=searchResults
Bina Co. purchased a machine on January 1st for $15,000 and estimates it will use the machine for three years with a $3,000 salvage value. Nina estimates that they will produce 1,500 units during year one, 1,000 units during year two, and 1,250 units during year three. Using the units-of-production method, compute the
machine's second year depreciation expense.
The machine's second year depreciation expense is $3,200.
The units-of-production method is a depreciation method where the depreciation expense in a given year is determined by the units of output produced in a given year.
Units-of-production method = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)
Total output of the machine = 1500 + 1000 + 1250 = 3750
Year 2 depreciation expense = (1000 / 3750) x ($15,000 - $3000) = $3,200
A similar question was answered here: https://brainly.com/question/15858628
Santander Bank is considering a merger with BBVA. Which of the following is an opportunity cost for Santander? a. Merging with Novo Banco. b. Merging with BNP Paribas. c Not merging at all. d. All options are correct.
When it comes to the opportunity costs faced by Santander for merging with BBVA, d. all options are correct including:
a. Merging with Novo Banco. b. Merging with BNP Paribas. c Not merging at all.The opportunity cost of doing anything refers to any benefit that the company would have gotten if it had chosen another course of action than it one did.
The opportunity cost of merging with BBVA for Santander Bank therefore is:
Any benefit they would have gained from merging with another company such as Novo Banco or BNP Paribas Any benefit of not merging at allIn conclusion, the opportunity costs of Santander merging with BBVA is either merging with others or with no one at all.
Find out more at https://brainly.com/question/17863780.
The current pay period ends on Friday, January 2, yet the company's fiscal year-end is on Wednesday, December 31. If the company does not make the proper adjusting entry to accrue payroll expenses at year-end, what would be the impact? A. Operating income will be overstated. B. Assets will be understated. C. Stockholders' equity will be understated. D. Liabilities will be overstated.
If the company does indeed fail to make the appropriate entry, a situation would arise where C. Stockholders' equity will be understated.
When salaries are accrued, they are sent to the accrued expenses account which means that they:
Are treated as liabilities Will not be deducted from net incomeIf instead these expenses are not accrued and are instead deducted from the net income, the net income will be lower than it should be and because net income is an equity entry, the stockholders equity will be lower than it should be.
In conclusion, the stockholders' equity will be understated if the salaries are not accrued.
Find out more at https://brainly.com/question/14304434.
Identify the answer choice that correctly completes the sentence below.
An informative thesis statement should take a(n)
stance.
O broad
O persuasive
O objective
O analytical
Answer:
C. Objective
Explanation:
Informative theses are meant to inform, or to give information. They generally do not have a stance. The only other answer choice that could be considered is D. Analytical, but in my personal opinion and background knowledge, C fits better.
23. You have $500,000 available to invest. The risk-free rate as well as your borrowing rate is 8%. The return on the risky portfolio is 16%. If you wish to earn a 22% return, you should __________. a. invest $125,000 in the risk-free asset b. invest $375,000 in the risk-free asset c. borrow $125,000 d. borrow $375,000
If you wish to earn a 22% return, you should borrow $375,000.
First step is to calculate the proportion of the investment
Using this formula
Rc = yRp+(1-y)Rf,
Where:
Rc=Return of return on the complete portfolio=.22
y=Proportion of the investment budget?
Rp=Return on risky portfolio=.16
Rf= Risk-free rate=.08
Let plug in the formula
0.22 = y(0.16)+(1-y)0.08,
y = 1.75
1-y = -0.75
Second step is to calculate the amount to borrow
0.75×$500,000
=$375,000
Based on the above calculation the negative sign indicate borrowing, therefore the amount to borrow is $375,000.
Learn more here:
https://brainly.com/question/15281534
The Port Pirie plant of Lewis Manufacturing Limited produces waffle irons for
domestic use. These waffle irons sell for $50.00 each. The plant uses a standard cost system for production costing and control purposes. The standard product costs assigned to a waffle iron appears in the image.
The Port Pirie plant’s planned production and budgeted sales for the coming year was 45,000 waffle irons. The basis for the standard variable overhead rate and the standard fixed overhead rate was planned annual production expressed in standard direct labour hours (i.e. 36,000 direct labour hours in total).
During the year, the Port Pirie plant experienced the following actual production
activity.
i. Production of waffle irons totalled 50,000 units. All of these waffle irons sold at
a price of $50 each.
ii. The Port Pirie plant purchased a total of 130,000 kilogram of raw materials at a
cost of $3.70 per kilogram during the year.
iii. There were 25,000 kilograms of raw materials in beginning inventory carried at
a cost of $4.00 per kilogram. There was no ending inventory of raw materials.
iv. The plant used 41,000 direct labour hours at a total cost of $533,000.
v. Actual fixed overhead totalled $95,000.
vi. Actual variable overhead totalled $250,000.
Required
(a) Present the sales and cost volume variances in a tabular format.
(b) Present the flexible budget variances in a tabular format.
(c) Compute the raw materials price and usage variances.
(d) Compute the direct labour price and usage variances.
(e) Compute the variable overhead price and usage variances. Explain the
relationship between the variable overhead price and usage variances and the
direct labour price and usage variances. Comment on the usefulness of the
variable overhead price and usage variances.
(f) Compute the fixed overhead spending and volume variances. Interpret the fixed overhead spending and volume variances.
Assume the purchasing agent for the Port Pirie plant purchased a lower-quality
raw material from a new supplier. Would you recommend that the Port Pirie
plant continue to use this cheaper raw material? If so, what standards would
need revision to reflect the decision to continue with the cheaper/lower-quality
raw material? The quality of the finished waffle irons remains unaffected even
if the Port Pirie plant uses the new supplier.
Answer:
I dont know the answer I fact I have a module her
In order for her employment contract with the law firm Kornegay and Rhyne, PLLC to be valid, Heather (a recent law school graduate) must first pass the state bar examination. This is a(n)_____ contract.
If a specific event needs to happen for the contract to be valid, then the contract is conditional.
A contract is an agreement between two or more parties. This includes employment contracts that define:
The responsibilities of the employee.The working conditions.The salary and other compensations.Moreover, a contract that depends on the occurrence of a specific event such as Heather approving exam is known as a conditional contract. In this contract:
A condition or event should occur for the contract to be valid.If the condition is not met then the contract is not valid.Learn more in https://brainly.com/question/2669219
Answer:executed
Explanation:
adjusting entries accounting
Answer:
[tex]882 { { > < {9529 { { {?}^{2} }^{ + 222222 = 52.11 = 39.662332} }^{?} }^{2} }^{2} }^{?} [/tex]
Assume you have applied for two Scholarships, a merit scholarship And is athletic scholarship the probability that you receive an athletic scholarship is 0.8. The probability of receiving both scholarships is 0.11. The probability of getting at least one of the scholarships is 0.3
The probability of receiving a merit scholarship according to the scenario defined is 0.23
Probability of Athletic scholarship, P(M) =? Probability of Athletic Scholarship, P(A) = 0.18Probability of receiving both, P(MnA) = 0.11Probability of receiving atleast one P(AuM) = 0.3Recall :
P(AuM) = P(A) + P(M) - P(AnM)Substituting the values into the relation:
P(AuM) = P(A) + P(M) - P(AnM)
0.3 = 0.18 + P(M) - 0.11
0.3 - 0.18 + 0.11 = P(M)
P(M) = 0.23
Therefore, the probability of receiving a merit scholarship is 0.23
Learn more :https://brainly.com/question/18153040
Answer:After using the scholarship research tool, I found one scholarship that I think I would apply for. I want to pursue a degree in agriculture and land management, and I found the Western Society of Weed Science Outstanding Student Scholarship Program, which gives a total of $3,000 students pursuing an agriculture degree. The application deadline is October 1, which means that I would have to complete the application at the beginning of my senior year if I were to get the scholarship by the time I start college the following year.
To be eligible for this scholarship, a student must be:
an undergraduate or graduate student enrolled in a degree program from a university in the western region.
A current WSWS member at the time of application.
Right now, I don’t meet all of the requirements. Although I plan on being enrolled in an eligible program, and I plan to go to a school in the western region, I am not currently a member of the WSWS. I will need to learn more about this organization and become a member if I plan on pursuing this scholarship in the future.
A singular intended objective of project is part of a macro-plan? True or false
Answer:
True
Explanation:
In the world of weight loss, there are TONS of diet plans out there. Some work. Some don’t. You can count calories. Or points. Or carbs. Or you can track one of the most countable elements: macros. Macros or “flexible dieting” is all the rage, but is it a proven method to healthy living? Here’s the skinny on macro counting
hope it helps you:)
La adaptación al cambio ha permitido.
a. Que las personas desarrollen sus habilidades blandas
b. Que la especie sobreviva y evolucione
c. Que los líderes persuadan a sus colaboradores a seguirlos
d. Que el hombre maneje sus emociones
El principal efecto de la adaptación al cambio para la humanidad es la evolución y supervivencia.
Todos lo seres vivos, incluyendo a la especie humana tienen la capacidad de adaptarse a cambios. Los tipos de cambios más comunes incluyen:
Cambios en la disponibilidad de recursosCompetencia con otras especiesCatástrofes naturalesEnfermedadesEstá capacidad de adaptación ha sido esencial durante cientos de años para la evolución y supervivencia de la humanidad. Aquí hay algunos ejemplos:
El cambio de una vida nómada a una vida sedentaria brindó a la humanidad la posibilidad de tener alimentos constantementePoblaciones que experimentaron desastres naturales pudieron sobrevivir adaptándose a nuevas condicionesLos cambios en la forma de sobrevivir ha llevado a la evolución. Por ejemplos el hombre evolucionó para saber como escribir, hacer fuego, construir casas, entre otros.Aprenda más en: https://brainly.com/question/17821033
What is Universal Basic Income? Has it been proposed/supported in the past and by who? What are the pro's and con's for the economy?
Answer:
What is Universal Basic Income?
Universal basic income (UBI) is a government program in which every adult citizen receives a set amount of money regularly. The goals of a basic income system are to alleviate poverty and replace other need-based social programs that potentially require greater bureaucratic involvement. The idea of universal basic income has gained momentum in the U.S. as automation increasingly replaces workers in manufacturing and other sectors of the economy.
Has it been proposed/supported in the past and by who?
Advocates ranging from tech billionaire Mark Zuckerberg to libertarian economist Milton Friedman to former Democratic presidential candidate Andrew Yang have endorsed it.
What are the pro's and con's for the economy?
Pros -Workers could wait for better jobs or better wages
-Freedom for people to return to school or stay home to care for a relative
-May help remove the "poverty trap" from traditional welfare programs
-Simple, straightforward financial assistance that minimizes bureaucracy
-Lower administrative costs than with traditional welfare
-More money for young families
-Economic stability during recessions
Cons -Could trigger inflation
-No increased standard of living in the long run
-Reduced program wouldn't make real difference
-Free income may not incentivize people to get jobs
-Could perpetuate falling labor force participation rate
-Many oppose giving money to the unemployed
Explanation:
HOPE THIS HELPS :) PLS MARK ME AS BRAINLIEST!
if marginal cost is greater than average cost, then
Supervisory managers are mostly concerned with which type of planning?
Answer:
Operational
Explanation:
Supervisory managers oversee things like schedules, inventory, and employee tasks. Day to day planning. These are functions of operational planning.
hich ecosystem is found in the Midwest?
prairie
mountain
coral reef
tropical forest
[tex]▪▪▪▪▪▪▪▪▪▪▪▪▪ {\huge\mathfrak{Answer}}▪▪▪▪▪▪▪▪▪▪▪▪▪▪[/tex]
The Correct choice is A :
PrairieYou arrive at the restaurant & are told that the food needs an extra 15 minutes to cook. What would be a good text to send the customer?
Answer:
"The restuarant said the food needs 15 more minutes to cook. Sorry for the wait!"
Explaination:
maybe something along the lines of that??
A good text to send the customer will be "Please, kindly note that the food will be ready in fifteen minutes, Thank you".
It should be noted that when the customer arrive at the restaurant, he'll have expected the food to be ready. Therefore, it's important that the restaurant workers attend to the customer very well.
The text that should be sent will be "Please, kindly note that the food will be ready in fifteen minutes, Thank you". It's important to show courtesy and use nice languages to appeal to the customer.
Red related link on:
https://brainly.com/question/25170271
12. Describe in your own words a sole trader type of business.
Answer:
A sole proprietorship or sole tradership is when an individual owns a business and operates that business under the legal framework of an individual. There is no exemption of liablity and no distinguish between the owner and the business.
A Giffen good is a good for which : _________
a. a decrease in the price decreases the quantity demanded.
b. the substitution effect outweighs the income effect.
c. an increase in the price decreases the quantity demanded.
d. Both a) and b) are correct.
Answer:
d. both a and b are correct
A Giffen good is one for which the substitution effect dominates the income effect and the quantity requested drops when the price is reduced.
Thus, Option D is correct.
What Is a Giffen Good?A Giffen item is a low-income, non-luxury good that contradicts accepted economic and consumer demand theory. Demand for Giffen products rises when prices rise and falls when prices fall. In econometrics, this results in an upward-sloping demand curve as opposed to the fundamental laws of demand, which create a downward-sloping demand curve.
The term "Giffen goods" was coined in the late 1800s and named for eminent Scottish statistician, economist, and journalist Sir Robert Giffen. Giffen products are intended to be reasonably priced, non-luxury items with few direct rivals.
Giffen goods are similar to Veblen goods in that they both focus on luxury goods while defying accepted economic theory and consumer demand theory.
For more information about Giffen Goods refer to the link:
https://brainly.com/question/2284700
#SPJ2
Which of the following is not a bad faith action
Answer:
Examples of bad faith include undue delay in handling claims, inadequate investigation, refusal to defend a lawsuit, threats against an insured, refusing to make a reasonable settlement offer, or making unreasonable interpretations of an insurance policy.
Explanation:
The project sponsor has asked Franz to hold a kickoff meeting for their project. What is the purpose of a kickoff meeting?
Answer:
A kickoff event's objective is to formally tell-all project stakeholders that the project has started. It introduces the team and assists them in understanding the project's requirements, history, and individual duties.
Explanation:
City Architects were hired by John to convert his two family house into a three family house. However, John did not pay City Architects for the services they performed. As a result, City Architects filed a lien against John's house in an attempt to reclaim the money owed to them. What type of lien was filed against John's house
Answer:
Mechanic's Lien
Explanation:
The answer is a "Mechanic's Lien." A Mechanics Lien forces the client of a company to face the payments directly if he or she hasn't paid for the services they hired. In this case the City Architects using a Mechanics Lien forces John and lets him know that he needs to pay the architects for the work done on his home in a attempt to reclaim the money owed.
Hope this helps.
What infrastructure is needed to manufacture the stationery-line
Answer:
There’s a lot of competition in this market, so you’ll need to discover some things that give you a competitive advantage.
Expertise
Are you already an expert in stationary lines and the printing business? If not, read up and learn as much as you can. A lot of businesses fail because the owners didn’t know enough about the industry.
Designs
How unique are your designs? Have you obtained copyrights for them? Try to get feedback from people other than friends and family who will be more objective to hone in on the big hits and retire those that don’t elicit positive responses.
Unique Selling Proposition
What are you doing that’s significantly different to the competition? Identify a significant pain point that customers experience in this industry. There are already an overwhelming number of designs, so could it be pricing, shipping, customer service or something else? How are you going to do things differently and stand out?
Define Your Market
Who is your ideal customer? For example, if you are designing wedding stationary, what’s the age, income level, and interests of your typical customer? Sometimes the customer ends up being the mother, friend or significant other rather than the ultimate user. Once you’ve narrowed this down, then think of ways to best reach your customer. Let’s say your ideal customer loves going to the dog park, then you could start by approaching people there and giving out samples.
Gain Testimonials
I’m running with the assumption you’re planning on selling stationary direct to consumer, in which case positive testimonials and reviews are even more important. People place much more trust in a brand and product if there are stories from real people (get pictures and video as much as possible) who love it. In the beginning, you may consider giving out your product or having a special discount in exchange for reviews.
Figure out Production
Are there printing companies you know of the specialize in producing stationary for designers? Get some quotes and compare to how much it would cost for you to buy the appropriate printing machines and produce them yourself. Don’t forget to include the time you’ll save not having to print it yourself, but make sure you get shipping times from these companies. Sometimes larger production companies have access to significant discounts on the bulk materials used to create the product than you will be able to obtain on your own. You may consider starting with a small set up of your own just to produce mock ups and samples even if you otherwise outsource your production.
Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity? Group of answer choices Whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product Constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group An assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor Whether there are more than 5 key success factors and more than 5 barriers to entry The industry's growth potential, whether competition appears destined to become stronger or weaker, and whether the industry's overall profit prospects are above average, average, or below average
Answer:
Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity? Group of answer choices Whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product Constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group An assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor Whether there are more than 5 key success factors and more than 5 barriers to entry The industry's growth potential, whether competition appears destined to become stronger or weaker, and whether the industry's overall profit prospects are above average, average, or below average
Explanation:
E8-24 (Algo) (Supplement) Recording and Explaining Depreciation, Improvements, and Changes in Estimated Useful Life and Residual Value (Straight-Line Depreciation) LO8-2, 8-3 At the end of the prior year ending on December 31, Year 1, O'Connor Company's records reflected the following for Machine A: Cost when acquired $ 34,200 Accumulated depreciation 11,600 At the beginning of January of the current year, the machine was renovated at a cost of $17,600. As a result, the estimated life increased from five years to eight years, and the residual value increased from $5,200 to $7,200. The company uses straight-line depreciation. Required: 1. Prepare the journal entry to record the renovation. 2. How old was the machine at the end of the prior year
1. The O'Connor Company will record the renovation with the following Journal Entry:
January 1, Year 3:
Debit Equipment $17,600
Credit Cash $17,600
To record the renovation that increased the estimated life from 5 to 8 years.2. The machine was two years old at the end of the prior year because $5,800 x 2 will equal $11,600, which is the stated accumulated depreciation at the end of year 2.
Data and Calculations:
Cost of Machine = $34,200
Residual value = $5,200
Depreciable amount = $29,000 ($34,200 - $5,200)
Estimated useful life = 5 years
Annual depreciation expense based on straight-line = $5,800 ($29,000/5)
Accumulated depreciation = $11,600 ($5,800 x 2)
Net book value on December 31, Year 2 = $22,600 ($34,200 - $11,600)
Renovation cost = $17,600
Revised Depreciable amount = $33,000 ($22,600 + $17,600 - $7,200)
Revised useful life = 8 years
Remaining useful life = 6 (8 - 2)
Annual depreciation expense based on S/L = $5,500 ($33,000/6)
Thus, the machine was two years old before the renovation that increased its useful life by 6 years.
Learn more: https://brainly.com/question/13796073
How can i earn from Brainly
Someone is there to help me
Plzzzzzzzzzzzzzzzzzzzzzzzzz
Answer:
just answer an any questions
so that you can have a points
Explanation:
pa brainlest po
What do AIA, SAG, AFP and AMA all stand for? Select four options.
Answer:
American Institute of Architects American Society of Mechanical Engineers American
AIA stands for the American Institute of Architects.
SAG stands for Screen Actors Guild.
AMA stands for the American Medical Association.
AFP stands for alpha-fetoprotein.
Nothing charges are to be done by the drawer true or false
I
Answer:
false
Explanation:
How does assertiveness compare to both acquiescence and aggression?
Assertiveness compares to both the acquiescence and aggression by not been a compromise between the two.
Acquiescence refers to an avoidance of conflict between individuals by sacrificing and giving up or expressing our needs through apology and self-service.
However, Acquisition does not mean politeness or usefulness.
Basically, an aggression entails the attempt to achieve a goal by attacking or harming others.
In conclusion, the Assertiveness compares to both the acquiescence and aggression by not been a compromise between the two.
Multiple Choice It is more aggression than acquiescence., It is not a compromise between the two, It is neither acquiescence nor aggression., It is more acquiescence than aggression.
Read more about Assertiveness
brainly.com/question/1382911
Jennette handles customer complaints at a small stationary company, and noticed that customers tended to complain about just a few products. Jennette e-mailed her manager a proposal requesting customer support software to help them track the issues, and they got a free trial of the software. After a few months, the system did not seem to be saving her time, and her manager said this would be too expensive. Jennette decided to abandon the software, and use a spreadsheet to track customer complaints instead. By finding a new solution, Jennette demonstrated:_________
a. cognitive dissonance
b. product innovation
c. extrinsic motivation
d. productive forgetting