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3 years ago

Generally, revenue from sales should be recognized at a point when

Business

1 answer:

qaws [65]3 years ago

3 0

Answer:

D. none of these answer choices are correct.

Explanation:

The principle of revenue recognition occurs when the revenue is realized or earned either cash is received or not and it also serves the accounting accrual basis. Realizable also means that the buyer gets the product but the payment is made afterward.

In this, it does not depend on cash transactions.

Hence, the option D is correct

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If the economy were run with a strictly keynesian point of view, what would the government's role be in regards to the u. s. eco

anzhelika [568]

The government is responsible for managing the economy. If the economy were run with a strictly Keynesian point of view.

The theory of John Maynard Keynes, known as Keynesian economics, revolves around the idea that governments must play an active role in their countries' economies, rather than simply allowing them to be governed by free markets. increase. Keynes in particular advocated federal spending to mitigate cyclical downturns.

Government (1) provides the legal and social framework within which the economy functions, (2) maintains competition in markets, (3) provides public goods and services, (4) redistributes income. , (5) compensates for externalities, and (6) take certain steps to stabilize the economy.

Keynesian economists justify government intervention through a public policy aimed at achieving full employment and price stability.

Learn more about Keynesian at

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5 0

2 years ago

Recently, a certain bank offered a 5-year CD that earns 3.26% compounded continuously. Use the given information to answer the q

Maru [420]

Answer:

a. The CD will worth<u> $35,311 </u>in five years.

b. It will take <u>12.44 years </u>for the account to be worth $45,000.

Explanation:

a) If $30,000 is invested in this CD, how much will it be worth in 5 years?(Round to the nearest cent.)

This can be determined using the formula for calculating the future value (FV) compounding formula as follows:

FV = PV * e^(rn) ................................... (1)

FV = Future value in five years = ?

PV = Present value of amount invested = $30,000

e = Mathematical constant approximated as 2.7183

r = Interest rate = 3.26%, or 0.0326

n = number of years = 5

Substituting the values into equation (1), we have:

FV = $30,000 * 2.7183^(0.0326 * 5)

FV= $35,311

Therefore, the CD will worth<u> $35,311 </u>in five years.

(b) How long will it take for the account to be worth $45,000?(Round to two decimal places as needed)

Also, using equation (1) part a, we have:

FV = Future value in n years = $45,000

PV = Present value of amount invested = $30,000

e = Mathematical constant approximated as 2.7183

r = Interest rate = 3.26%, or 0.0326

n = number of years it will take to have $45,000 = ?

Substituting the values into equation (1), we have:

$45,000 = $30,000 * 2.7183^(0.0326 * n)

$45,000 / $30,000 = 2.7183^(0.0326 * n)

1.50 = 2.7183^(0.0326 * n)

Loglinearise both sides and solve for n, we have:

Log(1.50) = (0.0326 * n)Log(2.7183)

0.176091259055681 = 0.0326 * n * 0.434297385124509

0.176091259055681 = n * 0.014158094755059

n = 0.176091259055681 / 0.014158094755059

n = 12.44 years

Therefore, it will take <u>12.44 years </u>for the account to be worth $45,000.

6 0

3 years ago

Arista always spends 10 % of her income on gizmos. Assume that her income increases by some percentage while the price of gizmos

lina2011 [118]

Answer:

Explanation:

Income elasticity is how the quantity demanded of a product changes due to a change in the income of an individual.

The formula for calculating Income elasticity of demand is, percentage change in quantity demanded divided by the percentage change in income.

Here the income of Arista increases but the price of gizmos remains the same, that is why the 10% now will be more than what it used to be before the increase in income.

Hope this helps. Good luck.

3 0

3 years ago

During March, Zea Incorporated transferred $70,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $

Cerrena [4.2K]

The journal entry that can be used to record these transactions will be credit to finished goods of $67,000.

<h3>What is a journal entry?</h3>

A journal entry is simply used to record a business transaction in the accounting records of a business.

Since the company transferred $70,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $76,000, the journal entry that can be used to record these transactions will be credit to finished goods of $67,000.

Learn more about journal entry on:

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4 0

2 years ago

Today, Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. Whatis the maturity value of the CD?A) $109,2

marysya [2.9K]

Answer:

C) $142,576

Explanation:

The computation of the maturity value of the CD is shown below:

We use the future value formula that is shown in the spreadsheet.

Given that,

Present value = $100,000

Rate of interest = 12% ÷ 4 quarters = 3%

NPER = 3 years × 4 quarters = 12 years

PMT = $0

The formula is shown below:

= -FV(Rate;NPER;PMT;FV;type)

The future value is $142,576

5 0

4 years ago