Answer:
The Journal entry is as follows:
Construction in progress A/c Dr. $950,000
Cost of construction A/c Dr. $1,600,000
To revenue from long term contracts $2,550,000
(To record the revenue in 2018)
Workings:
Cost of construction:
= cost of 2017 + cost of 2018
= $1,100,000 + $500,000
= $1,600,000
Answer:
Past success
Explanation:
During previous sales, Janis had success using only radio advertisements to draw customers into the store for a sale. When her colleague suggests tv commercials as another approach to marketing, she was resistant to change because of her past success with radio advertisements.
Answer/ Explanation:
<em><u>Before/Prior to making a purchase, it's important to ensure optimal decisions so it improve profitability when buying it. information on the needed characteristics of whatever you are getting. So, you are getting everything you need appropriately. </u></em>
Answer:
Managers, in today's work environment, rely less on <u>autocratic</u> and more on <u>empowering</u> leadership.
Explanation:
Managers rely less on autocratic because they rather empower people to do things.
Answer:D. 0.05 x (l-t*) = 0.07
Explanation: The break even tax rate is the tax rate at which industry players don't find it advantageous or disavantageous to invest in an economy, any tax rate higher than the break even tax rate will cause investors to loss certain amount of profits.
A tax rate below the break even tax rate will cause investors to want to make investment decisions as it will be beneficial and profitable to invest more money into the economy.
Calculation:
7/100=5/100(I-t*),the break even tax rate can be expressed as
=0.07=0.05*(I-t).
