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Rainbow [258]
3 years ago
6

In the long run, an increase in aggregate demand from a position of full employment leads to:

Business
1 answer:
Bess [88]3 years ago
8 0

higher prices and higher outputs

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Assuming the contract qualifies for revenue recognition while the performance obligations are being satisfied, excluding cash, w
shepuryov [24]

Question Completion:

Blue Co. had the following first-year amounts related to its $12,000,000 construction contract Actual costs incurred and paid Estimated remaining costs to complete Progress billings Cash collected $3,000,000 6,000,000 3,500,000 3,100,000 Assuming the contract qualifies for 'revenue recognition over time, what total amount (excluding cash) should Blue Co. recognize as current assets at year end?

Multiple Choice

a) $3,000,000

b) $1,000,000

c) $0

d) $900,000

Answer:

Blue Co.

The total amount (excluding cash) that Blue Co should recognize as current assets at year end is:

d) $900,000

Explanation:

a) Data and Calculations:

Value of Construction Contract =              $12,000,000

Actual costs incurred and paid                    $3,000,000

Estimated remaining costs to complete     $6,000,000

Progress billings                                           $3,500,000

Cash collected                                              $3,100,000

Percentage completion during the first year = Actual costs incurred/Total costs * 100

= $3,000,000/$9,000,000 * 100 = 33.333%

Revenue to be recognized based on percentage of completion and revenue recognition over time = $12,000,000 * 33.333%

= $4,000,000

Accounts Receivable = $900,000 ($4,000,000 - $3,100,000)

8 0
3 years ago
Which of the following is good for our economy?
Otrada [13]

Answer:

Stable prices

Explanation:

Stable prices created a structured economy without residents having to constantly adapt to deflation, inflation etc.

8 0
3 years ago
What is the rate of return when 20 shares of Stock A purchased for \$30/share , are sold for $710? The commission on the sale is
nikklg [1K]

Answer:

ROI=17.33%

Explanation:

the rate of return = Net gain/ initial investments x 100 %

Net gains = (selling price  - commissions) -  purchase price

Purchase price = 20 x $30 = $600

Selling price = 710

Commission = $6

ROI ={( 710 - 6) - 600}/ 600 x 100

ROI = 104/600 x 100

ROI= 0.173333 x 100

ROI=17.33%

7 0
3 years ago
Manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy goods a
zimovet [89]

manufacturers, wholesalers, outlets and authorities agencies that buy items and offerings for their own use or for resale.

<h3>Are the crew of clients that include producers wholesalers shops and other organizations?</h3>

Organizational market is some other name; the crew of customers that consist of manufacturers, wholesalers, retailers, and different organizations.

<h3>When producers wholesalers retailers and government businesses purchase items and services they are regarded as?</h3>

1. Organizational buyers are?

Organizational consumers are these manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and authorities agencies that buy merchandise and offerings for their own use or for resale.

Learn more about government agencies here:

<h3>brainly.com/question/1078669</h3><h3 /><h3>#SPJ4</h3>

7 0
1 year ago
In the financial services sector, some organizations have implemented a three-lines-of defense model. What does the use of this
Dovator [93]

Answer:

The correct answer is: This organization uses a layered approach that creates a separation of duties.

Explanation:

The Three Lines of Defense model is an approach used to divide the duties of the financial department of an organization aiming to improve risk management and control. The first line of defense involves management and control measures. The second line includes financial control, security, quality, inspection, and compliance. The first and second lines of defense are in charge of <em>senior managers</em> of the entity.

The third line of defense involves the internal audits of the company and is in charge of the <em>Board of Directors</em> (BoD).

4 0
2 years ago
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