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antoniya [11.8K]
2 years ago
12

When accounting for a long-term construction contract under IFRS, if the percentage-of-completion method is not appropriate, the

seller should account for revenue using:
Business
1 answer:
IRISSAK [1]2 years ago
8 0

When accounting for a long-term construction contract under IFRS, if the percentage-of-completion method is not appropriate, the seller should account for revenue using "cost recovery method".

<h3>What is cost recovery method?</h3>

According to the "Cost Recovery Rule," any excess cash value (cost basis) over premium payments that results from a partial withdrawal of cash or a policy surrender is taxable income.

Calculation for cost recovery method includes:

  • the product's operating expenses, such as those for hardware, software, and labour, should all be added up.
  • Analyse whole revenue, regardless of whether a client made a lump-sum payment or several instalments.
  • To calculate the profit, deduct the cost of products from whole sales.

To know more about the lump-sum payment, here

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Roger is engaging in HR planning. He is trying to predict what human resources will be needed in the coming year in his organiza
Marina86 [1]

The activity in which Roger is engaged in is called program evaluation.

<h3>What is Program Evaluation?</h3>

This refers to the ability to make predictions about the things which are needed for a program to run successfully.

Hence, because Roger is involved in Human Resources planning and he is trying to predict what human resources will be needed in the coming year in his organization, then he is engaged in program evaluation.

Read more about program evaluation here:
brainly.com/question/26523302

7 0
2 years ago
Cooper’s Brakes, Inc., enters into a contract with Byron’s Service to fix Cooper’s hydraulic equipment. Byron delays the repair
Dennis_Churaev [7]

Answer:

The answer is: Compensatory damages

Explanation:

Compensatory damages refers to money awarded to a plaintiff in a civil case (in this case Cooper's Brakes) to compensate for incurred losses (or injuries, etc. in other cases). The plaintiff has to prove that the losses he suffered were caused by negligence or unlawful conduct of the defendant (Byron's Service). The plaintiff has to be able to quantify (in monetary terms) the damages it suffered.

4 0
3 years ago
A stock will have a loss of 13.6 percent in a recession, a return of 12.3 percent in a normal economy, and a return of 27 percen
SpyIntel [72]

Answer:

Standard deviation =21.34

Explanation:

<em>Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks. Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .</em>

<em>Standard deviation is the sum of the squared deviation of the individual return from the mean return under different scenarios</em>

Expected return (r) = (13.6% × 0.33 ) +  (12.3% × 0.36)  + (27%× 0.31)=17.3%

Outcome           R       (R- r )^2           P×(R- r )^2

Recession        13.6       13.6                 4.5

Normal         12.3         24.9                  8.9

Boom           27%        94.4              <u>     29.3 </u>

Total                                                <u>   42.7 </u>

Standard deviation = √42.7 = 21.34

Standard deviation =21.34

3 0
3 years ago
Why might you choose an investment with high risk instead of one with low risk?
NeX [460]

The reason of choosing of investment with high risk instead of one with low risk because the high risks stocks, bonds are having more returns as compared to low risks,  especially long term stocks.

<h3>What is high risk investment?</h3>

High risk investment is the one who have high chance of loss of capital or under-performance or have a great percentage of amount invested in some stocks.

Some high risk investments are Cryptocurrency, Individual Stocks, Initial Public Offerings, Venture Capital or Angel Investing, Real Estate and others.

Thus, The reason of choosing of investment with high risk instead of one with low risk

For more details about high risk investment, click here:

brainly.com/question/27627260

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8 0
2 years ago
George is an entrepreneur who owns a large office that has a few meeting rooms. Almost every day, he sees that there are conflic
Klio2033 [76]
D. He is trying to improve the employees speaking skills so there is less conflict
4 0
3 years ago
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