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jolli1 [7]
3 years ago
7

Smart Touch Learning normally performs​ e-learning services for​ $500. However, Smart Touch Learning performed services for a cl

ient for a discounted price of​ $400. According to the revenue recognition​ principle, Smart Touch Learning would record this revenue for​ $400. True or false?
Business
1 answer:
ratelena [41]3 years ago
3 0

Answer:

TRUE

Explanation:

According to the revenue recognition it will follow an accrual basis. It record the revenue as earned as the services were perform during the current accounting period.

It will recognize revenue for 400 as it was the amount the parties agree upon.

The common fee's of Smart Touch uhsually are irrelevant.

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An economy has experienced a rightward shift of its long-run aggregate supply curve and is now producing on that new long-run ag
slavikrds [6]

Answer:

The answer is letter D.

Explanation:

It is reasonable to expect that the cyclical unemployment rate has been unaffected.

4 0
3 years ago
The Sisyphean Company has a bond outstanding with a face value of $ 5 comma 000 $5,000 that reaches maturity in 5 5 years. The b
lilavasa [31]

Answer: $5,219.59905

the price that the bond traded for would be closest to

$5,220 (rounded to whole number)

Explanation:

Using the price of bond formula below:

Price = C × 1 - [(1+r)^-n] /r + F/ (1+r)^n

C = coupon rate = 9.1% of face values ($5,000)

F= Face value(par value) = $5,000

n = number of years to maturity; 5

r = YTM (yield to maturity) = 8% = 0.08

Price = 455 × 1 - [(1+0.08)^-5]/0.08 + 5,000/(1+0.08)^5

Price = 455 × 1 - [(1.08)^-5]/0.08 + 5,000/(1.08)^5

Price= 455 × ( 1 - 0.680583197)/0.08 + 5,000 / 1.46932808

Price= 455 × (0.319416803)/0.08 + 3,402.91598

Price = 1,816.68307 + 3,402.91598

Price= $5,219.59905

≈$5,220 to the nearest whole number.

8 0
2 years ago
Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. What’s
Ivanshal [37]

The best transportation option for Jim is C. Utilizing his saving as a down payment and buying the car using an auto loan.

<h3>Further explanation </h3>

Auto loan is a loan secured for the expressed purpose of purchasing a car. We can save money by paying off your car loan early. Because we are most likely more than halfway through our loan, most of our payment is currently going toward the principal.

There are four basic building blocks of a car loan:

1. Loan Cost : the principal and the interest. The principal is the negotiated cost of the vehicle itself.  The interest refers to the total amount of the costs accrued over the life of the loan based on the principal amount and the stated interest rate.

2. Interest Rate : a basic rate charged to the borrower for the money loaned.

3. Down Payment : an upfront amount of cash paid by the borrower at the time of the purchase of the vehicle.

4. Terms and Conditions : all of the other items that make up a car loan, including the term of the loan, normally stated in a number of months or years; insurance and registration requirements; loan payoff and resale terms;  etc

<h3>Learn more</h3>
  1. Learn more about auto loan of car brainly.com/question/12389122
  2. Learn more about Leasing car brainly.com/question/3068511
  3. Learn more about Renting car brainly.com/question/11856182

<h3>Answer details</h3>

Grade:  9

Subject:  business

Chapter:  car

Keywords:  the market for a car, money,  the best transportation option, saving, auto loan.

5 0
3 years ago
Read 2 more answers
CSU Co. just paid a dividend of $1.4 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent
boyakko [2]

Answer:

$16.93

Explanation:

Current stock price = dividend ( 1 + growth rate) / required return - growth rate

$1.4(1.04) / 0.126 - 0.04 = $16.93

8 0
2 years ago
Q 7.40: Approximately 85% of the customers at Hanson’s Furniture Store purchase furniture using store credit. The store’s averag
ziro4ka [17]

Answer: Offer incentives to Customers to reduce Collection time.

Explanation:

Hanson’s Furniture Store should work to reduce the amount of time it takes to collect payments from customers. It takes them over 2 months to collect payments on average and compared to a payables payment in 30 days that's quite troublesome.

They should therefore work to reduce their Receivables Collection time.

One way they can do that is to offer incentives such as trade discounts. A popular one would be the 2/10, net 30 rule. This means that the customer would get a 2% discount if they pay in 10 days or else they will pay the full amount in 30 days. This incentive can go a long way in reducing Payables collection periods.

3 0
3 years ago
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