Answer:
When it incurs expenditures under the grant
Explanation:
According to the revenue recognition principle, the revenue is recognized when it is earned plus in this question the matching principle is also applied that refers that when revenue is recognized so at the same time the expenditure should also be recorded i.e on same period the revenue and the expenditure should be matched.
Answer:
he should join a job in the public expence or in a busy society
Explanation:
its like if he join a job in the public expence or in a busy society so he'll be able to make friends
A monopolist can produce at a constant average (and marginal<span>) </span>cost of<span> AC = MC = $5</span>
Answer:
Ans. He should pay $4,781.47 for this bond.
Explanation:
Hi, all we have to do is to bring to present value $5,500 at 2% per year compounded continuously, from year 7.
We have to use the following formula.
Where:
r = the compounded continuusly compounded rate
t = time to its maturity
It should look like this.
So, the fair price to pay for this bond is $4,781.47
Best of luck.
Answer:
gross profit under FIFO = $40,570 - $25,220 = $15,350
gross profit under LIFO = $40,570 - $26,340 = $14,230
gross profit under weighted average = $40,570 - $26,240 = $14,330
gross profit under specific id. = $40,570 - $26,070 = $14,500
Explanation:
sales revenue = (290 x $86.60) + (160 x $96.60) = $40,570
COGS under FIFO:
130 x $51.60 = $6,708
160 x $56.60 = $9,056
80 x $56.60 = $4,528
80 x $61,60 = $4,928
total COGS = $25,220
COGS under LIFO:
240 x $56.60 = $13,584
50 x $51.60 = $2,580
160 x $63.60 = $10,176
total COGS = $26,340
COGS under weighted average:
weighted average = [(130 x $51.60) + (240 x $56.60) + (100 x $61.60) + (180 x $63.60)] / 650 = $58.31
450 x $58.31 = $26,239.50 ≈ $26,240
COGS under specific method:
80 x $51.60 = $4,128
210 x $56.60 = $11,886
60 x $61.60 = $3,696
100 x $63,60 = $6,360
total COGS = $26,070
