What type of example is this curve known for?

On May 1, 2021, Varga Tech Services signed a $126,000 consulting contract with Shaffer Holdings. The contract requires Varga to

alukav5142 [94]

Answer:

The amount of revenue recognizable in 2021 is $84000 as shown below

Explanation:

Since the revenue spans over two years,8 months in the year 2021 and the remaining 4 months relate to 2022, the revenue should be recognized on proportional basis.

The revenue in 2021 =total revenue*months in the year/12 months

=$126000*8/12

=$84000

This amount is recorded on monthly basis by crediting revenue with one month sales revenue value $10500($126,000/12) and debiting to deferred revenue.

At the end of the year four months worth of revenue amount would be left in deferred revenue account as revenue for 8 months would have been recognized.

6 0

3 years ago

Porque alguien podría querer poner una "bandera Roja" en su propio informe crediticio?

castortr0y [4]

Answer:

I don't know what is meaning

Explanation:

sry

3 0

3 years ago

To be effective, communication must ________. A. benefit both parties B. only involve a sender C. be written D. only involve a

ella [17]

Answer:

Benefit both parties

Explanation:

Communication is the process of transferring information from the sender to the receiver. In a communication process: The sender encodes the information, transmits it via a medium, the sender receives the message, decodes it, perceives it and send feedback to the sender.

It the process mentioned above, communication will become ineffective if any of the things is not done properly. Consequently, it should involve, and therefore, benefit both the parties.

5 0

4 years ago

Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to)

Lilit [14]

Answer:

estate tax due of Harold and Maude = $5,440,000

Explanation:

Taxable estate and cumulative transfers = $ 25,000,000

Tax on cumulative transfers = $9,945,800

=24000000*40%+345800

Unified credit - 2019 = $4,505,800

Estate Tax Due = $5,440,000

Gross Estate = $ 25,000,000

Exclusion = $ 11,400,000

Taxable Amount = $ 13,600,000

Effective Tax Rate = 40%

Estate Tax Due = $5,440,000

4 0

4 years ago

During Year 2 Stripling earned $700,000 of revenue on account and collected $710,000 cash from accounts receivable. Also, the co

jasenka [17]

Answer:

here correct option is A. $7,000

Explanation:

given data

Stripling earned = $700,000

collected cash = $710,000

company wrote off = $8,000

revenue = 1 %

to find out

net realizable value of receivable

solution

we will find here amount of uncollectible expense that are for year 2

amount of uncollectible expense = Sales revenue for year 2 × revenue %

put here value we wet

amount of uncollectible expense = $700,000 × 1 %

amount of uncollectible expense = $700,000 × 0.01

amount of uncollectible expense = $7,000

so here correct option is A. $7,000

5 0

3 years ago