Answer:
$9,041
Explanation:
The computation of the total amount of revenue Royal should recognize on contracts in November of 2021 is shown below:-
Revenue to be recognized for 4 months = $62,000 × 4 ÷ 12
= $20,667
Total Fees = $62,000 + ($62,000 x 15%)
= $71,300
Revenue recognized at the end of November
= $71,300 × 5 ÷ 12
= $29,708
Revenue recognized in November of 2021
= Revenue recognized at the end of November - Revenue to be recognized for 4 months
= $29,708 - $20,667
= $9,041
The answer is: Balance sheet
The balance sheet on the financial statements will show the total amount of each accounts that the company manages to accumulate throughout its operational years. The amount of the balance sheet on current year will be used as a starting point when calculating the balance sheet for the next year
Answer:
B. $129 million
Explanation:
bad debt expense for the year = balance in allowance at the end + write off - balance in allowance at the beggining
= $319 million + $137 million - $327 million
= $129 million
Therefore, Oracle Corporation report as bad debt expense for the year is $129 million.
Answer:
$175,808
Explanation:
P=R (1-(1+i)^-n)/i
Where P=780,000*90%=$702,000
R=?
i=8%
N=5 years
By putting above values in formula, we get
P=R(1-(1+.08)^-5)/.08
702,000=R*3.993
R=702,000/3.993
R=$175,808
Answer:
(Sales volume * Price) – (Variable costs + Fixed costs)
Explanation:
Profit is equal to Total sales less Total costs .
Here, Total costs is the addition of Variable and Fixed costs
(Sales Volume x Price) - (Variable Costs + Fixed Costs).
