Simple, because simple interest is a quick and easy tansaction
People, time and money are the three elements that might vary in estimates of multimedia projects. One or both element have to be increased if any one of them is decreased.
<h3>What is a Multimedia project?</h3>
Multimedia is the integration of media objects such as text, graphics, video, animation, and sound to represent and convey information.
Multimedia projects are computer programs and products which involve sound, pictures, and film, as well as text. It is a task that sometimes requires a lot of time and effort.
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The Future value is $9523.42. Future value is the amount of money that, when invested now at an interest rate, will eventually grow to be.
<h3>
What is the Future Value of Money?</h3>
Future value is the amount of money that, when invested now at an interest rate, will eventually grow to be.
Calculation of Future value
Present Value = $7,000 interest rate = 8% Time = 4 years
FV = Future Value PV = Present Value
FV=PV(1+i)ⁿ
FV= 7,000(1+0.8)⁴= $9,523.42
Thus, the Future Value of $7,000 for four years is $9523.42.
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The U.S. health care system has been historically resistant to change due to entrenched interests from <em>entrenched health system industries which have focused more on the question of “Who pays?” which makes sense from their point of view stating that corporations are legally obligated to protect investors’ interests</em>. Health care leaders together with policymakers over time have attempted several incremental fixes by; attacking fraud, enforcing practice guidelines, reducing errors, and trying to make patients better “consumers,” by implementing electronic medical records but none of these has had much impact.
Answer:
The correct option is C.
Explanation:
Based on<em> IFRS 15 Revenue from Contracts</em> <em>with Customers:</em>
- a contract is an agreement between two or more parties that creates enforceable rights and obligations.
- revenue is an income arising in the course of an entity's ordinary activities.
The recognition of income arising from the supply of garbage bins and cleaning services is<em> bona fide</em>, since the two services are in the company's ordinary activities.
- When the supply of the garbage bins took place, delivery took place and ownership has been transferred to the client, so Binz Company can recognize the income as earned.
- The contract for 5-year cleaning services has to be recognized over the service year in line with accrual principle in accounting.
