Answer:
a. Revenue recognition principle
Explanation:
The revenue recognition principle refers to the principle in which the revenues are recorded when it is realized or earned. It follows the accrual basis of accounting
It is not recorded when the cash is actually received.
When the sale is made, the same is to be shown in the books of accounts
Therefore as per the GAAP, the revenue should be addressed by revenue recognition
hence, the correct option is a.
Answer:
The answer is: $29,000
Explanation:
To calculate Job A3B's costs during September we must add direct materials plus 3 times direct labor:
September costs = direct materials + (direct labor x 3) = $1,500 + $9,000
September costs = $10,500
We do the same for October:
October costs: direct materials + (direct labor x 3) = $2,000 + $16,500
October costs = $18,500
The total cost for Job A3B is: $10,500 + $18,500 = $29,000
The instrument that Shawn must use is “payable to the order of” before the name of the payee.
<h3>Requirements of Negotiability </h3>
- The first of the four major considerations is whether or not a paper is negotiable, and it is one that nonlawyers must address.
- Auditors, retailers, and financial institutions frequently handle notes and checks and must make quick decisions about negotiability.
- In a negotiable instrument, the only permissible promise or direction is to pay a particular sum of money. Any other promise or command renders negotiability null and void
- This restriction exists to prohibit an instrument from having an uncertain value.
- If the bearer of a negotiable instrument had to examine whether a provision or condition had been met before the thing had any value, the utility of the object as a substitute for money would be severely diminished.
Hence, the instrument that Shawn must use is “payable to the order of” before the name of the payee.
To learn more about the Negotiation instrument refer to:
brainly.com/question/9312091
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Answer and Explanation:
The computation is given below:
a) Observation time is
= Average time
= 1.2 minutes
b) Normal time is
= Observation time × performance rating
= 1.2 minutes × 0.95
= 1.14 minutes
c. The standard time is
= Normal time × allowance factor
= 1.14 × 1.11
= 1.265 minutes.
The allowance factor is
= 1 ÷ (1 - Allowances)
= 1 ÷ (1 - 0.1)
= 1.11
Answer:
- 2004 ⇒ $2,640 million
- 2009 ⇒ $12,540 million
- 2014 ⇒ $18,655 million
Explanation:
2004 balance on services
= Services Credit, (exports) - Services Debit, (imports)
= 38,281 - 35,641
= $2,640 million
2009
= 92,889 - 80,349
= $12,540 million
2014
= 156,252 - 137,597
= $18,655 million
