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Vsevolod [243]
3 years ago
9

On May 1, 2018, Varga Tech Services signed a $75,000 consulting contract with Shaffer Holdings. The contract requires Varga to p

rovide computer technology support services whenever requested over the period from May 1, 2018, to April 30, 2019, with Shaffer paying the entire $75,000 on May 1, 2018. How much revenue should Varga recognize in 2018? (Do not round intermediate calculation.)
Business
1 answer:
kenny6666 [7]3 years ago
7 0

Answer:

Varga should recognize $50,000 revenue in 2018.

Explanation:

Revenue = $75,000 × 8/12 months

                = $50,000

Therefore, Varga should recognize $50,000 revenue in 2018.

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How much would you need to deposit in an account now, such that in 5 years your account will have increased to $8,000, assuming
VladimirAG [237]

Answer:

$6268.21

Explanation:

Future value = $8000

Interest(r) = 5%

Period (n)= 5 years

How much need to deposit?

Find the Present value:

PV = FV / (1+r)n

= 8000 / (1.05)5

= 8000 / 1.27628156

Present Value / Amount need to deposi today = $6268.21 approx

4 0
1 year ago
Fill in the blanks to complete the passage regarding the development of illegal markets in response to price ceilings. – are ill
djverab [1.8K]

Black markets are illegal markets that emerge in response to price controls. A few buyers are able to obtain the good at the open-market price; the rest must resort to illegal means. The additional demand is met by underground suppliers selling at much higher prices.

The government does not support the black market or any of their actions with getting items and selling them in other forms. Those who are in demand of a good when they have a hard time in getting it may purchase it illegally at a higher price just so they can receive that good. When there is an exchange of goods in the black market, these items are usually prohibited by the government and therefor illegally being sold.

3 0
3 years ago
If a manager rates an employee higher than he or she deserves in order to look good as a manager in the eyes of his or her own s
Reika [66]

Answer:

b.

Explanation:

Based on the information provided within the question it can be said that this scenario best illustrates the concept known as organizational politics. This refers to self-serving behaviors that individuals within a company use in order to increase the likely-hood of obtaining positive results in an organization. Which is what would happen if a manager rates an employee higher, they would end up looking like a good manager that is doing their job correctly because the employees are performing efficiently.

4 0
3 years ago
Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowi
Y_Kistochka [10]

Answer:

It will affect Wendy's fast- food sales negatively.

Explanation:

Especially if the competitors have larger market share than Wendy's Fast-food.  There will be a switch in consumers from Wendy's Fast-food to it's competitor, therefore reducing its sales and invariably reducing it's profit.

Therefore, Wendy's fast-food should be in tune with price fluctuation of it's competitors especially if it is a price decrease.

7 0
3 years ago
A distributor of personal computers has five locations in a city. In the year's first quarter, the sales in units were: Location
iragen [17]

Answer:

It is observed  that the value of test statistics (19.168) is greater than the critical value (13.277), thus the rejected hypothesis, H₀ at α = 0.01.

There is enough evidence to conclude or deduce that sales were the same for all locations

Explanation:

Solution

Given that:

Object: Test whether the sales were the same for all locations by applying 1% significance level.

The Null Hypothesis H₀ : Sales were the same for all locations

E₁ =  70 +75 +70+ 50 + 35/5 = 60

The Alternative Hypothesis Hₐ : Sales were not the same for all locations

Now,

The decision rule:

the Level of Significance be α = 0.01

Degrees of freedom is df= Number of categories -1

=5-1 = 4

Note: Kindly find an attached copy of part of  the work solution of this given question

3 0
3 years ago
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