Answer:
a. It should record revenue on a monthly basis
The Revenue Recognition principle in accounting posits that revenue should only be recognized after the goods and services that the revenue was paid for, have been delivered.
Seacoast Magazine has not delivered the magazine and will do so monthly for 18 months. It should therefore apportion profits to those months and only recognize the profit after the magazines are delivered.
b. Amount of revenue for 8 issues:
= 36/ 18 issues * 8 issues
= 2 * 8
= $16
The statement that does not refer to the reason that aids in project crashing is
(D) there are no critical activities that can be crashed further.
Explanation:
Project crashing basically refers to the method by which the duration of the project is reduced .This can be done by
- Reducing the time taken by one or more critical activity
- By devoting more resources in order to complete the project as early as possible.
- The cost associated with the project is also increased
In Crashing,<u> the time is inversely related to the cost of the project</u>.It means that if the time of the project increase then the project cost is reduced and if the time o/duration of the project decrease then the cost involved in the project increases
Answer:
150
Explanation:
As we know that
The marginal rate of technical substitution (MRTS) = Marginal product of labor ÷ Marginal product of capital
where,
The marginal rate of technical substitution (MRTS) = 0.20
And, the marginal product of labor is 30 chips per hour
So, the marginal product of capital is
= 30 chips per hour ÷ 0.20
= 150
The marginal rate of technical substitution (MRTS) shows a relationship between the marginal product of labor and the marginal product of capital
Answer:
Answer is B. Unsecured credit.
