Answer:
Revenue recognized for 2018 is $5,450,400
Profit for the same year is $275,400
Explanation:
The is a method of revenue recognition known as cost to completion. It is used to recognize revenue from long term projects which are mostly construction contracts that will not be completed in a year. In this system, the revenue to be recognized is a function of the cost.
As such, where 30% of the total cost of the project is incurred in the first year, 30% of the total revenue will also be recognized in the first year. The difference between the revenue and the cost gives the profit.
Given that total revenue for 3 years is $18168000
Revenue to be recognized
= 30/100 * $18,168,000
= $5,450,400
Cost incurred
= 30/100 * $17,250,000
= $5,175,000
Profit for 2018
= $5,450,400 - $5,175,000
= $275,400
Answer: Differentiation strategy
Explanation:
Differentiation strategy is a strategy that differentiate a product or service, from other identical products that are offered by competitors in the market. Differentiation is development of a good or service, which is unique for customers, in terms of features, product design, quality, brand image, or customer service.
Differentiation strategy is one of the three Porter’s Generic Strategy. In this strategy, firms pick one or more dimensions that are considered to be vital by the consumers thereby creating a unique image in the market.
The use of mobile banking application will ease the traditional method of banking and makes the bank standout.
Answer:
$76,800
Explanation:
The computation of the net deferred tax liability is as follows:
Straight line depreciation is
= $3,200,000 ÷ 5
= $640,000
Now
Deferred tax liability for 2021
= ($1,024,000 - $640,000) × 0.20
= $76,800
hence, the net deferred tax liability that should be reflected on Pharoah's balance sheet at December 31, 2021 be $76,800
Answer:
c) passive fund.
Explanation:
The passive fund seeks a favorable long-term rate of return from a diversified portfolio selected to track the overall market for common stocks publicly traded in the United States, as represented by a broad stock market index.
It is a variable annuity investment approach of TIAA-CREF mutual funds that focuses on equity and with the objective of blending broad market.
The available demand and goods