1. According to the Accrual Principle of Accounting, revenue should only recognized when the goods or services for which it was paid for have been delivered. In other words, revenue should only be recognized when earned.

As of December 1, 20X1, Ginzel had only completed 7 of the 20 reports so the revenue recognized should be for the completed reports alone.

Total revenue for 20 reports = $110,000

Revenue for 7 reports = 7/ 20 * 110,000

= $38,500

2. The Accrual principle also applies to expenses and states that expenses should only be accounted for when incurred. As the $4,000 relates to all the reports, it should be apportioned evenly.

The costs of extraction and conversion of data for the year should therefore be;

= 7/20 * 4,000

= $1,400

7 0

3 years ago

The football fields at three different schools were measured, and it was found that their perimeters were 320 m, 360 m, and 400

Tomtit [17]

Let us say that,

A = perimeter of football field of the 1st school

B = perimeter of football field of the 2nd school

C = perimeter of football field of the 3rd school

So that:

A = 320 m

B = 360 m

C = 400 m

So the first thing we have to do to find for the minimum laps to make is to divide every perimeter by the smallest one, therefore divide all by 320 m, hence:

A’ = 1

B’ = 1.125

C’ = 1.25

Now multiply everything by a number such that all laps will be a whole number, in this case multiply everything by 8:

A’ = 8

B’ = 9

C’ = 10

Hence the laps to run are:

8, 9 and 10

7 0

4 years ago

What’s the correct answer

Bond [772]

Answer:

It is B because both GHI Make FGI.

Step-by-step explanation:

N/A

5 0

3 years ago