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Vsevolod [243]
4 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]4 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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Susan's job involves recruiting eligible people for a business. It's her responsibility to identify the task requirements and th
notsponge [240]

Answer:

Staffing

Explanation:

STAFFING is the process of hiring a person or an individual that is qualified into an organization in order to fill into a particular job position by identifying the task requirements of the vacant position, assessing the candidate skills as well as the candidate knowledge and ability inorder to be sure if the candidate will fit in well into that particular position they are about to be employed for, which is why STAFFING is Paramount when selecting an employee for a particular job position because it help to employ candidate that are qualified into the organization or company.

Therefore based on the information given the management function Susan was performing is called STAFFING.

7 0
3 years ago
Read 2 more answers
Alisha has a five-year car loan of $15,000 with an interest rate of 6 percent. If the interest is compounded annually, how much
Zina [86]
We are given with the data that the original cost of the car is $15000. However Alisha wants to pursue the whole payment for five years thus a 6 percent interest rate is given. The formula for finding the total cost is TC = 15000* (1+0.06)^5. The answer is $20,073.39 
3 0
3 years ago
On January 1, 2019, Fitbit goes public and issues 50 million shares at $20 per share. Fitbit had 200 million shares prior to goi
Elina [12.6K]

Answer:

$600 million

Explanation:

On January 1, 2020, the balance of common stock & APIC

Common stock & APIC = Paid-In Capital + Share Capital raised by issuing 50 million shares at $20 per share - Treasury Stock

Here

Paid-In Capital is $500 millions

Issue of 50 million shares at $20

Treasury Stock is 20 million shares at $45 per share

By putting the values, we have:

Common stock & APIC = $500 million + $1000 million - (20 million shares * $45 per share)

Common stock & APIC = $1500 millions - $900 million = $600 million

6 0
3 years ago
Vijay Company reports the following information regarding its production costs.
Lera25 [3.4K]

Answer:

$46.40 per unit

Explanation:

The computation of the product cost per unit under absorption costing is shown below:

= Direct material per unit + Direct labor per unit + Variable overhead cost per unit + fixed overhead cost per unit

where,

Fixed overhead cost per unit would be

= Fixed overhead ÷ units produced

= $121,600 ÷ 16,000 units

= $7.60

All other items will remain unchanged

Now add these values in the formula above.

Hence, the value would be

= $9.60 + $19.60 + $9.60 + $7.60

= $46.40 per unit.

6 0
4 years ago
Exposition, Inc. had 200 units of inventory on hand at the end of the year. These were recorded at a cost of $14 each using the
e-lub [12.9K]

Answer:

decrease by $800

Explanation:

The computation of the gross profit is calculated below:

= Number of inventory units on hand at the end of the year × (Cost per unit - current replacement cost per unit)

= 200 units × ($14 - $10)

= 200 units × $4

= $800

This $800 represents the decrease in gross profit and the same is to be considered

hence, the last option is correct

3 0
3 years ago
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