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Gnom [1K]
3 years ago
15

Brown Thumb Landscaping is a calendar-year, accrual-method taxpayer. In September, Brown Thumb negotiated a $14,000 contract for

services it would provide to the city in November of the current year. The contract specifies that Brown Thumb will receive $4,000 in October as a down payment for these services and it will receive the remaining $10,000 in January of next year. How much income from this $14,000 contract will Brown Thumb recognize in the current year?
Business
1 answer:
Luba_88 [7]3 years ago
8 0

Answer:

$14,000

Explanation:

Amount negotiated for services it would provide to the city in November = $14,000

Contract specifies amount received by brown in October = $4,000

Remaining amount received in next year January = $10,000

Total amount of income  $14,000 will be recognized as a current year income because under the accrual method, the taxpayers must recognize their income, when the payment about to made and payment is received.

That's why $14,000 income will be recognized in this calendar year.

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: An item has a price tag of $35 and another tag that says, "20% Off." What is the sale price?
Lynna [10]
So 20 percent of 35 is 7.

Look at it this way:
20%
20*5=100

35 divided by 5 is 7.

So the sale price we would take7 from 35 to get 28.00 which is your answer.

Ps don't do it the way i did because i already knew the answer,and the way i worked it out worked this one time but there are no gaurentees for the next.

You must be wondering why we subtracted that 7 from 35 and why 7 isn't the full answer. Well, 7 was the factor, basically every 20 percent you would subtract 7. So if it were 40% off it would be 14. Or 60 percent would be 21. You subtract that number from the original price to get the sale which in this case is 28.00

Your answer: 28.00

Hope this helped!:)
4 0
3 years ago
13. Once a firm decides to enter an industry and chooses a market in which to compete, it must gain an understanding of its comp
Irina18 [472]

Answer: Strategic Analysis.

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Strategic analysis refers to the process of conducting research on a company and its operating environment within which its operates to formulate a strategy. Strategic analysis helps define a strategy that will help stand out from the competitors and to also remain competitive. Another important function of strategic analysis is the prediction of future events and the planning of an alternative approach if the first fail to deliver.

4 0
3 years ago
The difference between a secured loan and an unsecured loan is _____.
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5 0
3 years ago
Read 2 more answers
John and Karl can live together in a two-bedroom apartment for $500 per month, or each can rent a single-bedroom apartment for $
tester [92]

Explanation:

A: Together their flat is $500, however if they were to live separately it'd be $350 per month. 350x2= 700. They save $200 by sharing a flat. However, if Karl plays John $175 a month to keep the dirty dishes away, then 200>175. Therefore, they should live together.

Karl could just live alone and pay the $350 to live alone with no dish problem.  Since Karl will play $175 to rid the dish problem the highest rent he'll pay is 350-175=175. John would pay 500-175=325<350 this shows it better for John to live with Karl.

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hope this helps you out a bit, I know its a lot. But its math, what do we expect. lol

6 0
4 years ago
When a negative externality exists, the private market produces?
mart [117]
The private market will produce more than the economically efficient output level. Also when there is a negative externality then the cost to producers will be less than the cost to society. Remember that a negative externality is a cost that is suffered by a third party as a result of an economic transaction. Also have in mins that externalities lead to market failure<span> because the price equilibrium </span>does<span> not reflect the true costs and benefits of a product.</span>
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4 years ago
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