The answer to this question is social inequality. Social
inequality is the unequal amount of opportunity and reward that is given to a
person depending on their race, gender, age, or class. Social inequality can be
categorized into 5 types such as political inequality, income inequality, life
inequality, inequality of membership, and inequality of treatment.
Answer:
The totals of Trial balance have a difference of $8,000. The credit balance totals of Trial balance is higher than the debit totals because the original entry of debit is mission and there is an wrong posing on the credit side which reduce the debit balance by $4,000 and Increase the credit balance by $4,000 at the same time. Net effect will be $8,000 in totals of trial balance.
Answer:
2016: $300 million; 40%; $60 million
2017: $450 million; 60%; $90 million
Explanation:
Total costs:
= Costs incurred in 2016 + Costs incurred in 2017
= $240 + $360
= $600
In 2016:
Percent of total excepted costs:
= Costs incurred in 2016 ÷ Total costs
= $240 ÷ $600
= 0.4 or 40%
Revenue recognized:
= Percent of total excepted cost × Contract price
= 0.4 × $750 million
= $300 million
Income = Revenue recognized - Costs incurred in 2016
= $300 million - $240 million
= $60 million
In 2017:
Percent of total excepted costs:
= Costs incurred in 2017 ÷ Total costs
= $360 ÷ $600
= 0.6 or 60%
Revenue recognized:
= Percent of total excepted cost × Contract price
= 0.6 × $750 million
= $450 million
Income = Revenue recognized - Costs incurred in 2017
= $450 million - $360 million
= $90 million
Answer:
C. $1.24 million
Explanation:
Given that
Annualized interest compounded = 5%
For monthly, it would be = 5% ÷ 12 months = 0.4167%
Time = 235 years
For monthly, it would be = 235 years × 12 months = 2,820
Present value = $10
We know that
Future value = Present value × (1 + interest rate)^number of years
= $10 × (1 + 0.4167%)^2820
After solving this, the answer would be $1.24 million
Answer:
Correct answer is FALSE
Explanation:
FOB Destination transfers ownership of the goods to the buyer after the goods reached to its destination (either in the buyer’s warehouse or any place stated in the contract to be delivered). Thus, goods in-transit under FOB destination still belongs to the seller and not to the buyer yet. Moreover, it should not be included to buyer’s inventory because the title of ownership of the said goods still belongs to the seller at the time of transit.
