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Juliette [100K]
3 years ago
5

On May 1, 2021, Varga Tech Services signed a $126,000 consulting contract with Shaffer Holdings. The contract requires Varga to

provide computer technology support services whenever requested over the period from May 1, 2021, to April 30, 2022, with Shaffer paying the entire $126,000 on May 1, 2021. How much revenue should Varga recognize in 2021?
Business
1 answer:
alukav5142 [94]3 years ago
6 0

Answer:

The amount of revenue recognizable in 2021 is $84000 as shown below

Explanation:

Since the revenue spans over two years,8 months in the year 2021 and the remaining 4 months relate to 2022, the revenue should be recognized on proportional basis.

The revenue in 2021 =total revenue*months in the year/12 months

                                   =$126000*8/12

                                    =$84000

This amount is recorded on monthly basis by crediting revenue with one  month sales revenue value  $10500($126,000/12) and debiting to deferred revenue.

At the end of the year four months worth of revenue amount would be left in deferred revenue account as revenue for 8 months would have been recognized.

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Video news releases are ______. Group of answer choices None of the above options is correct produced by PR agencies and compani
VLD [36.1K]

Answer:

produced by PR agencies and companies for use in TV newscasts.

Explanation:

Public relations involves the process of professionally maintaining and sustaining a favourable public perception and image by an organization or an elite.

It is a strategic communication process used by PR managers to issue and disseminate quality informations between their principal (usually an individual) or an organization and the public, in order to build a mutualistic relationship and boost their level of sales.

Public relations is a marketing tool that combine news covered by the media which are often not a directly paid for medium and is typically used to influence, inform and persuade the consumer to purchase a product.

A video news releases is a segment or portion of a video that's produced to have similarities with news report and are sent to media houses.

On a related note, video news releases are produced by public relations (PR) agencies and companies for use in TV newscasts.

5 0
3 years ago
Dickson Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? N
Anni [7]

Answer:

$277.94

Explanation:

NPV = Present value of inflows - Present value of outflows.

Provided rate of return = 12%

Discounting factors

Year    Discount factor      Cash Flow        Present Value

0                1                        - $1,100               ($1,100)

1             0.893                        $400                  $357.20

2             0.797                        $390                  $310.74

3             0.712                        $380                  $270.56

4             0.636                        $370                  $235.32

5             0.567                        $360                  $204.12

Net Present Value = $277.94

3 0
3 years ago
Jessica’s bank is offering her a loan with a stated rate of 4. 90% interest. If the interest is compounded every two months, w
Snowcat [4.5K]

The correct effective rate of interest for the loan having a compound interest of 4.90% with 6 compounding throughout the year will be 5.01%. So, the correct option is C.

Effective compound interest is calculated by deriving the values in the formula of annuity over the loan amount, which will be payable at the end of the year.

<h3>Calculation of effective rate of interest </h3>

  • Effective rate of interest is the actual rate of interest paid by Jessica when she thinks the interest paid by her is for the year without taking into consideration the compounding of such loan.

  • As no information regarding the principal and no. of years is given, it has been assumed that the loan amount is $100 and the loan is taken for the period of one year.

  • The formula for calculation of effective rate of interest is as below,

  • \rm Effective\ ROI= (1+ \dfrac{1}{n})^n-1

  • Putting the values in the formula, we get

  • \rm Effective\ ROI= (1+ \dfrac{0.049}{6})^6-1\\\\\\\rm Effective\ ROI= (1+0.0082)^6-1\\\\\\\rm Effective\ ROI= 6.02-1

  • Finally,

  • \rm Effective\ ROI= 5.02

  • So the effective rate of interest is calculated as 5.01%

Hence, the correct option is C that the effective rate of interest is 5.01% on the interest rate of 4.90% compounded 6 times during the year.

To know more about rate of interest, click the link below.

brainly.com/question/4626564

7 0
2 years ago
Which of the following is an example of a firm’s derived demand? a. The wage that a worker earns is a function of her human capi
olchik [2.2K]

Answer: Option B

         

Explanation: In economics, derived demand is demand for a production factor or intermediate good arising from the demand for some other intermediate or final good.

In general, a company's demand for, say, a production factor depends on consumer demand for the company's product.The commodities in such a demand structure are indirectly related to each other.

Hence from the above we can conclude that the correct option is B as the demand for the authors guide is directly linked to other product that is college textbooks.

6 0
3 years ago
Clearwater Electronics just hired a new warehouse manager in India. He has several employees who report to him. The HR director
yKpoI14uk [10]

Answer: It is important for the performance appraisal to assess competence and contribution to the company, but it is also important for it to be sensitive to Indian norms and values.

Explanation:

Based on the question, it is important that the warehouse manager make the modifications because it's vital for the performance appraisal to assess competence and contribution to the company, but it is also important for it to be sensitive to Indian norms and values.

It should be noted that the Indians cherish and value their culture a lot, therefore, it is vital that when the performance appraisal form would be sent, it should reflect the values and the norms of the Indians. This will help in them assessing the performance that reflects the culture of the people and takes them into consideration.

7 0
3 years ago
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