1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Monica [59]
3 years ago
12

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

th the contract to start immediately. King agreed to pay Taylor $4,800 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 ofa.$0b.$800c.$2,400d.$4,800
Business
1 answer:
natita [175]3 years ago
5 0

Answer:

option (b) $800

Explanation:

Data provided in the question:

Amount to be received = $4,800

Duration = 1 year

Date on which the contract was signed =  November 1, 2018

Now,

For the year 2018, the number of months left are 2

therefore,

Revenue to be recognized in 2018

= [Amount to be received ÷ Duration in months ] × Months left in 2018

= [ $4,800 ÷ 12 ] × 2

= $800

Hence,

The correct answer is option (b) $800

You might be interested in
Which type of plan is created when a community builds a new mass transit system?
Murrr4er [49]
I think its B.short-term plan
7 0
2 years ago
Read 2 more answers
Amy and mike are going to an amusement park. they each bought ice cream, and mike got a soda. amy. y had a $10 coupon to put tow
N76 [4]

We have that

Cost total-------------------------$10 coupon+$30.25=$40.25

<span>ice cream costs                        $1.50*2</span>= -$3

<span>admission cost                        $18*2</span>= -$36

<span>soda cost                                   $X*1</span>= -$X

 $40.25=$3+$36+$X

$X= $ 1.25

a soda costs at the amusement park $ <span>1.25</span>

5 0
3 years ago
Read 2 more answers
Let’s examine how the goals of the Fed influence its response to shocks. Suppose that in scenario A the Fed cares only about kee
dolphi86 [110]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan
amid [387]

Answer:

A) total debt = $2,230,000 and it represents 175,000 - 125,000 = 50,000 outstanding shares

price per share = $2,230,000 / 50,000 = $44.60 per share

B) enterprise value = 175,000 x $44.60 =  $7,805,000

According to M&M proposition I, the enterprise value is the same with or without any outstanding debt. So the company's value is the same for both alternatives.

5 0
2 years ago
Curzon International is a hospitality chain that has a wide range of hotels and motels. The company provides luxurious and outst
Mariana [72]

Answer: Altruism

             

Explanation: It refers to the behavior when an individual considers the benefit of other more important than the self benefit.

In the given case, the hotel chain has the sole purpose of providing best services to its customers. They are not ready to forego their dedication towards service even if it results in loss of their market share.

It is not a case of excellence as they are not charging extra for the same service to increase their profits.

Hence from the above we can conclude that the correct option is D.

7 0
2 years ago
Other questions:
  • Which skill is most important in a candidate applying for the position of a security officer?
    6·1 answer
  • Handy hiking produces backpacks. In 2007, its highest and lowest production levels occurred in july and january, respectively. I
    11·1 answer
  • You deposit $200 into the stock market. Every year your stock market account increases by 12 %. You leave the money in the accou
    13·1 answer
  • Which question is an illustration of a macroeconomic question? Multiple Choice a) Is a corporation unresponsive to the demands o
    9·1 answer
  • Taylor Company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed
    9·1 answer
  • Sanders Inc. is a small brick manufacturer that uses the direct write-off method to account for uncollectible accounts. At the e
    13·1 answer
  • Assume that the exchange rate between the euro and the dollar is €1.00 = $1.50. an american tourist in germany is buying a produ
    13·2 answers
  • Define liquidity. Rank the following assets in terms of liquidity, from most to least liquid: money market mutual fund, savings
    14·1 answer
  • 1. After multiple rounds of layoffs, a plastics processing plant goes into bankruptcy because it has failed to keep up with tech
    8·1 answer
  • A process can be balanced by moving work away from the _______ to unused capacity elsewhere in the process.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!