Answer:
$75,000
Explanation:
Revenue is said to be earned on the deliver of the goods and services to the party that enjoys the benefits from the good or service.
As long as control of the goods has been transferred, the revenue is earned. Note that this is not when cash has been collected.
As such, if the company earned $75,000 in 2018 but some amounts are to be collected in subsequent years, the revenue earned in 2018 is still $75,000 while the amounts yet to be collected will be recognized in accounts receivable.
Answer:
The simple rate of return of 4.54%
Explanation:
The simple rate of return of 8.75%
($97,000 - $56,000 - $27,500) ÷$297,000
=$13,500÷$297,000
=0.0454×100
=4.54%
The new machine $330,000 ÷ 12 years useful life
=$27,500
The new machine $330,000
Les old machine scrap $33,000
=$297,000
Therefore the simple rate of return is 4.54%
Answer:
The correct answer is (B) An interpersonal utility comparison
Explanation:
Solution
Interpersonal utility comparison: refers to the summation of utility functions of different persons determined on the utility functions being comparable with each other; informally, individuals' choices must be evaluated with the same standard.
The ability to produce a social welfare function depends decisively on the ability to contrast utility functions.
In this case your roommate made an Interpersonal utility comparison.
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