It is a great place for trade, because is on the border of a country. It also has water, which a resource. It is a highway for world trade.
Answer:
A.recognizes revenue and gross profit each period based upon progress.
Explanation:
The percentage of completion approach is an accounting technique used to recognize revenue in ongoing projects. Revenue from long term contracts is calculated based on the percentage of work completed in a period. This method is applied when payments are assured, and the percentage of work done can be estimated with some degree of accuracy.
The percentage of completion is mostly used in construction industries, but the concept can be used in many projects. The method compares the revenues and expenses of a project against the percentage of work completed in the financial period. The percentage of completion method contrasts with the completed contract method that recognizes income upon completion of a project.
Answer: 11 cars
Explanation:
Socially optimal quantity is determined where,
Demand = Marginal Social Cost
We have the demand function, now we must calculate the MSC.
We can do that as,
MSC = Marginal Private Cost + Marginal External Cost
MSC = 20 + 5q + 10
MSC = 30 + 5q
Going back to our original formula we can now solve for the socially optimal quantity as,
Demand = MSC.
100 - 5q = 20 + 2q
80 = 7q
q = 11.42
q = 11
11 is the socially optimal number of cars produced.
Answer:
A. $816,000
Explanation:
The formula to compute the net sales is shown below:
= Total sales - sales returned
where,
Sales returned = Total sales × sales return percentage
= $850,000 × 4%
= $34,000
And, the total sales is $850,000
Now put these values to the above formula
So, the value would equal to
= $850,000 - $34,000
= $816,000
Answer:
$1.5 million.
Explanation:
Calculation of the amount of the break-even sales for Grace Food Company:
Sales mix calculation will be:
Corn Flakes = $2,000,000/$2,500,000
= 0.80,
Frosted Flakes = $500,000/$2,500,000
= 0.20.
Calculation for the Contribution margin ratio will be:
(60%) × (0.80) + (50%) × (0.20) = 58�lculation for the Break-even point will be:
Break even point= Total Fixed Costs/Overall Contribution margin ratio
Hence,
$870,000/0.58= $1.5 million.
Therefore amount of break even sales will be $1.5 million.
