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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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2. Max z = 3X1 + 5X2+ 4X3 S.t.2X1 +3X2 ≤ 18 2X1 + X2 ≤ 10 3X1 + 2X+4X3 ≤ 15 X1, X2, X3 ≥ 0
lions [1.4K]

The interpretation of the result is that the maximum value of the objective function is 29

<h3>How to solve and interpret the result?</h3>

The objective function is given as:

Max z = 3x₁ + 5x₂+ 4x₃

The constraints are:

2x₁ +3x₂ ≤ 18

2x₁ + x₂ ≤ 10

3x₁ + 2x₂ +4x₃ ≤ 15

x₁, x₂, x₃ ≥ 0

Subtract the second inequality from the first

2x₁ - 2x₁ + 3x₂ - x₂ ≤ 18 - 10

Evaluate the like terms

2x₂ ≤ 8

Divide by 2

x₂ ≤ 4

Substitute 4 for x₂ in 2x₁ +3x₂ ≤ 18

2x₁ +3*4 ≤ 18

This gives

2x₁ + 12 ≤ 18

Evaluate the like terms

2x₁ ≤ 6

Divide by 2

x₁ ≤ 3

Substitute 4 for x₂ and 3 for x₁ in 3x₁ + 2x₂ +4x₃ ≤ 15

3*3 + 2*4 +4x₃ ≤ 15

This gives

17 +4x₃ ≤ 15

Evaluate the like terms

4x₃ ≤ -2

Divide by 4

x₃ ≤ -0.5

From the constraints, we have:

x₁, x₂, x₃ ≥ 0

So, we set all negative values to 0

This means that:

x₃ ≤ 0

Substitute these values in the objective function

Max z = 3 * 3 + 5 * 4 + 4 * 0

Evaluate

Max z = 29

Hence, the interpretation of the result is that the maximum value is 29

Read more about objective functions at:

brainly.com/question/11206462

#SPJ1

7 0
3 years ago
Mittelstaedt Inc., buys 60 percent of the outstanding stock of Sherry, Inc. Sherry owns a piece of land that cost $207,000 but h
vovikov84 [41]

Answer:

A. $549000

Explanation:

Given information

Number of outstanding stock of Sherry, Inc = 60%

The cost of the land = $207,000

Fair value at the acquisition date = $549,000

By considering the above information, the value reflected in a consolidated balance sheet is $549,000.

The historical principle says that the fixed assets should be recorded at the purchase price or acquisition cost only and the same is to be considered

8 0
3 years ago
You were asked to investigate extremely high, unexplained merchandise shortages at a department store chain. Classify each of th
Nutka1998 [239]

Answer:

(a) INDICATOR OF FRAUD

Explanation:

The reason is that the supervisor has an outside business setup related to the department's setup which gives rise to a conflict of interest.

8 0
3 years ago
Company officers will have direct involvement with their assigned personnel and should have knowledge of organizational policies
musickatia [10]

The knowledge that company officers have over their assigned personnel will include:

  • Duty assignments.
  • Promotions.
  • Retention.
  • Performance evaluations.
  • Duty exchange.
  • Leave (vacation, sick, and wellness).
  • Substance abuse.
  • Absenteeism

<h3>What knowledge will company officers hold?</h3>

Company officers will be expected to directly interact with the personnel under them.

To do this, they are to have knowledge of certain things such as performance evaluations, substance abuse, and duty assignments. This would help them direct personnel better.

Options for this question are:

  • Duty assignments.
  • Promotions.
  • Retention.
  • Performance evaluations.
  • Duty exchange.
  • Leave (vacation, sick, and wellness).
  • Substance abuse.
  • Absenteeism
  • All of the above.

Find out more on the duties of company officers/ management at brainly.com/question/3792248.

#SPJ1

5 0
2 years ago
Erkkila Incorporated reports that at an activity level of 6,800 machine-hours in a month, its total variable inspection cost is
Mashutka [201]

Answer:

27.79

Explanation:

According to the given situation, the computation of average fixed inspection cost per unit is shown below:-

Average fixed cost of inspection = Inspection cost ÷ Machine hous in a month

= $197,309 ÷ 7,100

= 27.79

Therefore for computing the average fixed inspection cost per unit we simply applied the above formula.

3 0
3 years ago
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