Answer:
The amount of revenue recognizable in 2021 is $84000 as shown below
Explanation:
Since the revenue spans over two years,8 months in the year 2021 and the remaining 4 months relate to 2022, the revenue should be recognized on proportional basis.
The revenue in 2021 =total revenue*months in the year/12 months
=$126000*8/12
=$84000
This amount is recorded on monthly basis by crediting revenue with one month sales revenue value $10500($126,000/12) and debiting to deferred revenue.
At the end of the year four months worth of revenue amount would be left in deferred revenue account as revenue for 8 months would have been recognized.
Answer:
Mandatory
Explanation:
The mandatory spending accounts for around two-thirds of the federal budget and is determined by existing laws that constitute programs such as the social secutity program.
Answer:
What is a major difference between the accounts presented in the primary source article "prominent farmer robbed and killed" and the secondary source midnight assassin?
According to the source article, contrast between the accounts presented in the source article "Unmistakable Farmer Robbed and Killed" and the optional source Midnight Assassin is that it proposes that the murder was likely committed by criminals, while the extract recommends a more extensive scope of suspects.
Explanation:
Improvement Planning is part of the A.) PROJECT MANAGEMENT process.
Project management process includes initiating, planning, executing, controlling, and closing the work of the team to achieve specific goals based on a specific criteria.
Improvement planning is in the latter part of the project management process wherein it is done after feedback from initial execution is given.
I believe the answer is: The revenue is always more than the cost.
In a profit business model, organisations tend to create financial planning for their business expansion. This might cause them to allocate some of their money to be invested in buying necessary resources for their expansion which might cause their revenue to be lower than their overall cost.
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