Answer:
Accounts Receivable (Dr.) $87,000
Bonus receivable (Dr.) $29,000
Service Revenue (Cr.) $116,000
Explanation:
Expected Value at contract inception is :
($87,000 * 8 months + $29,000) * 80% = $580,000
($87,000 * 8 months - $29,000) * 20% = $133,400
Total = $713,400
$725,000 / 8 = $89,175
The service revenue is estimated to be 116,000 if there is no probability estimate. When the expected value is incorporated the service revenue will be $89,175.
Slow down the productivity of the workplace
Answer and Explanation:
Since the following information is mentioned in the question
The purchase cost is $902,000
Accumulated depreciation is $842,000
The proceeds from the sale of plant asset is $89,800
So based on the above information, the sale of the plant asset would be shown in the investing activities of the cash flow statement in a positive amount
Hence it would be reported under the investing activities section
Answer:
Up
Explanation:
When there aren't enough goods in the market, it means that the demand for goods exceeds its supply.
When there's excess demand over supply, prices rise.
When there's excess supply over demand, prices fall.
I hope my answer helps you.
