Answer:
$3.2 million
Explanation:
The revenue and gross profit or loss which the company identify in the first and second year if it recognizes revenue upon contract completion is calculated below.
Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million
Revenue to recognize = $8m/$20m*$28m = $11.2 million
Gross Profit = Revenue recognized less costs incurred
= $11.2m - $8m = $3.2 million
Answer:
Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
Explanation:
The adjusting entry is shown below;
Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account
The six months could be computed from June 1 to December 31
Answer:
A. (1 – s)y.
Explanation:
Solow growth model describes how saving, population growth, and technological change affect output over time and describes changes in the economy over time.
In the Solow growth model, where s is the saving rate, y is output per worker, and i is investment per worker, consumption per worker (c) equals:(1 – s)y
Answer:
Consumer Perception.
Explanation:
Consumer perception is part of consumer behaviour associated with how purchase are made by customers. Particularly the sensation process. The spraying of the perfume in this scenario was designed to sensitize potential buyers who may be walking buy or be in the vicinity.
