Answer: $3100
Step-by-step explanation:
Stephen plans to attend community college for two years and his expenses are only $2,000 each year. For both years, his expenses will be:
= $2000 × 2
= $4000
Since he earned a one-time $900 scholarship. The amount left to pay will be:
= $4000 - $900
= $3100
Rent during the 8th year is $3072
Step-by-step explanation:
- Step 1: Rent of the apartment = $1600 Given, the rent will go up by 11.5%
⇒ 11.5% of the rent = 11.5/100 × 1600 = $184
- Step 2: Calculate the rise in rent for 8 years
⇒ 184 × 8 = $1472
- Step 3: Calculate the rent during the 8th year
⇒ 1600 + 1472 = $3072
Check the picture.
The bases of the 2 prisms are on 2 parallel planes,
a and
b.
Let
c be a third plane, between
a and
b, parallel to both.
Then,
the cross-sections
A and
B , of the 2 prisms, formed by plane c, have
Equal Areas,
this is by
Cavalier's Principle.
Answer:
- $38,500
- $1,400
Step-by-step explanation:
1. According to the Accrual Principle of Accounting, revenue should only recognized when the goods or services for which it was paid for have been delivered. In other words, revenue should only be recognized when earned.
As of December 1, 20X1, Ginzel had only completed 7 of the 20 reports so the revenue recognized should be for the completed reports alone.
Total revenue for 20 reports = $110,000
Revenue for 7 reports = 7/ 20 * 110,000
= $38,500
2. The Accrual principle also applies to expenses and states that expenses should only be accounted for when incurred. As the $4,000 relates to all the reports, it should be apportioned evenly.
The costs of extraction and conversion of data for the year should therefore be;
= 7/20 * 4,000
= $1,400
