Answer:
Zero
Explanation:
Under the accrual method, revenue is recognized once the recognition criteria is met. These includes;
- the goods have been delivered or the service rendered
- the affiliated cost for such revenue can be reliably measured
When revenue is earned but cash is yet to be received,
Debit Accounts receivable
Credit Revenue account
When cash is received,
Debit Cash account
Credit Accounts receivable.
Since the items were delivered in April, any amount received as revenue in March will be deferred. As such, no revenue will be recognized in the income statement for March.
The correct answer for the question that is being presented above is this one: "a) $11." The costs of production of a perfectly competitive soybean farmer are given in the table. The shut-down price for this firm is $11.
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The correct answer for the question that is being presented above is this one: "</span>a) establishing control over diamond mines." De Beers became a monopoly by <span>establishing control over diamond mines</span>
Answer:
$427,011.92
Explanation:
We use the present value formula i.e to be shown in the attached spreadsheet
Given that,
Future value = $0
Rate of interest = 7.5%
NPER = 15 years
PMT = $45,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
And, in type we write the 1 instead of 0
So, after solving this, the present value is $427,011.92
Answer:
the correct answer is B 1/5
Explanation:
we setup a matrix for two values of x and y:
y2 4 (60/15) all income in product Y
y1 0
x2 0
x1 20 60/3 all income in product X
now we calculate