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stiks02 [169]
3 years ago
6

N November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wit

h the contract to start immediately. King agreed to pay Taylor $5,880 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019 Taylor should recognize revenue in 2018 in the amount of
A. $0
B. $2,940
C. $5,880
D. $980
Business
1 answer:
velikii [3]3 years ago
8 0

Answer:

Revenue = $980

so correct option is D. $980

Explanation:

given data

pay Taylor = $5,880

time = 1 year period

to find out

Taylor should recognize revenue in 2018

solution

we know that here work is started as on 1st November 2018 and take 12 month to complete it mean it take 2 month in 2018 and 10 month in 2019

so we get  revenue for the year 2018 that is only for 2 months.

so

Revenue for the year 2018 is

Revenue = $5,880 × \frac{2}{12}

Revenue = $980

so correct option is D. $980

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Suppose a perfectly competitive firm and industry are in long-run equilibrium and the firm earns an economic profit in the short
AVprozaik [17]

Answer:

The answer is the market supply curve will shift to the right, and the market price will decrease.

Explanation:

It is likely to the market supply curve will shift to the right, and the market price will decrease.

5 0
3 years ago
You are depositing $1,500 in a retirement account today and expect to earn an average return of 6.5 percent on this money. How m
mr_godi [17]

Answer:

$16,335.90622

Explanation:

The computation of the additional income earned is shown below:

For 40 years

Future value = Present value × (1 + rate of interest)^number of years

= $1,500 × (1 + 0.065)^40

= $18,624.1118

For 50 years

Future value = Present value × (1 + rate of interest)^number of years

= $1,500 × (1 + 0.065)^50

= $34,960.01802

Now the additional amount is

= $34,960.01802 - $18,624.1118

= $16,335.90622

3 0
3 years ago
Charlie is at the top of her company's organization chart. Which of the following is most likely to be her job title?
kow [346]
Her job title is to be a CEO
6 0
3 years ago
If you purchase health insurance from a federal- or state-facilitated health insurance marketplace, then you are eligible for a
Sliva [168]

Answer:

credit.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

A tax incentive can be defined as benefits such as deductions, exclusions or exemptions given by the government to individuals or businesses so as to motivate them to save or spend money by reducing their tax rates i.e the amount of money to be paid as tax.

In the United States of America, if an individual or a patient purchase health insurance from a federal- or state-facilitated (sponsored) health insurance marketplace, then he or she is eligible for a premium tax credit payable by the internal revenue service (IRS).

This ultimately implies that, a premium tax credit is a refundable tax credit and it reduces the amount of money an individual or household would pay for his or her monthly health insurance payments when purchased through the health insurance marketplace.

An example is the Affordable Care Act (ACA) which was formally known as the Patient Protection and Affordable Care Act (Obamacare). It is a federal statute of the United States of America which was enacted by the 111th US Congress and signed into law by President Barack Obama. The Affordable Care Act (ACA) became effective on the 23rd of March, 2010 and it focused on making affordable health insurance available to qualified people or households through cost-sharing reductions and premium tax credits (subsidies).

6 0
3 years ago
________ controls cover security processes that are designed by strategic planners and implemented by the security administratio
stepladder [879]

Answer:

d. Managerial

Explanation:

The managerial controls covers the process of the security that could be designed via strategic planners and the same should be implemented via the organization security administration

So as per the given situation, the option d is correct

And, the rest of the options are incorrect

The same should be relevant

6 0
3 years ago
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