Answer:
Varga should recognize $4,000 as revenue in 2016.
Explanation:
As the cash received in advance is recorded as unearned revenue which is a liability for the Varga Tech Services because they did not provide the services yet. On December 31, Eight months have passed and services for these month has been provided. So the revenue of 8 month months of 2016 will be recognized and recorded at year end.
Serive Contract = $6,000 for 12 months
Revenue Recognized in 2016 = $6,000 x 8/12 = $4,000
Answer:
IRR= R1+[NPV1(R2-R1)%/(NPV1-NPV2)]
=28%+[ 549 x (29-28)%/(549-(-763)]
=28% +[5.49/1312]
=28% +0.418
=28.41%
As per both NPV and IRR the project is acceptable
Reason:
NPV is positive and IRR is greater than cost of capital
Explanation:
See the attached pictures for detailed explanation.
The correct answer would be D. freight on goods purchased for resale.
Answer:
Isuzu trooper the intended addressee please notify the best of