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
Answer:
15
Step-by-step explanation:
For the equation of the line of the form y = mx + b, m is the slope of the line and b is the y-intercept which is the value of y when x is equal to zero. The slope is the rate of change of y per change in x. "y" would represent the dependent variable which is the weight of the baby while "x" represents the independent variable which is the number of months or the age of the baby in months. We calculate the slope as follows:
slope = (11 - 9) / ( 4 - 0) = 2/4 = 0.5
at x = 0, it is said that the weight of the baby is 9 lbs so the value of b would be 9.
The equation of the line would be y = 0.5x + 9
Blaine's Company: 103 x 6 = 618
William's Company: 1.2 x 105 = 126
Since William's Company made 126 x Blaine's company's
126 x 618 = 77868.00
(I am not sure if I did this right I tried though)
