Answer:
Check the explanation
Explanation:
Using the percentage-of-completion method <em><u>(which is an accounting method or technique in which the earnings and expenses of contracts that are of long-term basis are documented as a percentage of the completed work during a particular period.)</u></em>
Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million
Revenue to recognize = $8m/$20m*$28m = $11.2 million
Gross Profit = Revenue recognized less costs incurred
= $11.2m - $8m = $3.2 million
<u>Answer: </u>True
<u>Explanation:</u>
To maintain the competitive advantage of the business the managers of international business adapt to local adaptation strategy. International markets have different languages and culture it is necessary to promote business in the local language to reach the target market accordingly.
The multinational companies have their offices, distribution and production in different countries but they maintain same set of policies and procedures which makes decision making quick and easier. Through this way they maintain the global consistency.
Answer:
The accounting equation states that "Assets=Capital Liabilities"
As a result, the equation here gives $11250 on both sides of the question.
The profit or loss statement gives net income of $11250 as well ,while the balance sheet has $11250 total as assets, the same as equity plus liabilities.
Finally,the statement of cash flow showed increase in cash and cash equivalent in the year as $9400.
The rent expense applicable to year 2 is the balance of prepaid rent which currently stood at $1850
Explanation:
Please find attached spreadsheet showing details regarding all the financial statements prepared in respect of Life Inc.
<span>Born in 1940 Arlie Hochschild is an American sociologist and he produced a thesis which says that human emotions are social mostly. Arlie Hochschild has the legacy as the founder of sociology of emotion. Arlie Hochschild explains that companies typically try to regulate the emotions of workers.</span>
The correct answer for this question is this one:
<span><u>incorporation</u>
Hillary needs to buy an oven for her bakery. She compares the prices, maintenance costs, and power consumption of three ovens. She compares the loan terms offered on them. Finally, she settles for the one that will offer the best value for the money in the long run.
<u /></span><u>consumer sovereignty</u><span>
Ramona International wants to raise about $20 million. It sells shares of company stock in the stock market and brings many new shareholders onboard.
</span><u>total cost of ownership</u>
<span>Maxima and Hercules are rival companies that make protein shakes. People love Maxima protein shakes because they are delicious and packaged attractively. Hercules protein shakes fail to impress most people. Soon, Hercules has to cut production of its protein shakes and focus on other products.
</span>
Hope this helps answer your question and have a nice day ahead.
