Answer:
$14,000
Explanation:
Amount negotiated for services it would provide to the city in November = $14,000
Contract specifies amount received by brown in October = $4,000
Remaining amount received in next year January = $10,000
Total amount of income $14,000 will be recognized as a current year income because under the accrual method, the taxpayers must recognize their income, when the payment about to made and payment is received.
That's why $14,000 income will be recognized in this calendar year.
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B.
Because the caregiver has set both clear and consistent rules, which allows the child to know what is expected of them, and allows the child to adjust their behavior to fit the caregivers expectations. Hope this helps!
Given:
Price = $20
Variable Cost = $13
Total number of items sold = 1000
Find: Contribution Margin Ratio
The formula for Contribution Margin Ration is:
(Sales - Variable Expenses)/Sales
Revenue = 20000
Variable Expenses = 13000
Contribution Margin = 7000
(20000-13000)/20000 = 0.35
Hollis Industries Contribution Margin Ratio is 35%
Marginal cost equals marginal revenue. The additional money that results from raising the quantity is known as the marginal revenue.
Therefore, profit is maximised when marginal cost equals marginal revenue, which is the same as saying when marginal profit equals zero. This additional revenue is also referred to as being "at the margin. In general, marginal revenue tends to decline as production rises for any given level of customer demand. There is no economic gain in equilibrium since marginal revenue and costs
Marginal cost
The additional expense brought on by increasing the quantity is known as the marginal cost. The additional expense at the margin.
Marginal revenue
The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue at the margin.
The XYZ Company is a profit-maximizing firm with a monopoly in the production of pennants. The firm sells its pennants for $10 each. We can conclude that the XYZ Company is producing a level of output at which:
Select one: a. average total cost equals $10. b. average total cost is greater than $10. c. marginal revenue equals $10. d. marginal cost equals marginal revenue.
Learn more about marginal cost and marginal revenue here:
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