1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ludmilkaskok [199]
3 years ago
10

On May 1, 2016, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract requires Varga to pr

ovide computer technology support services whenever requested over the period from May 1, 2016, to April 30, 2017, with Shaffer paying the entire $6,000 on May 1, 2016.
How much revenue should Varga recognize in 2016? (Do not round intermediate calculation.)
Business
1 answer:
saw5 [17]3 years ago
4 0

Answer:

Varga should recognize $4,000 as revenue in 2016.

Explanation:

As the cash received in advance is recorded as unearned revenue which is a liability for the Varga Tech Services because they did not provide the services yet. On  December 31,  Eight months have passed and services for these month has been provided. So the revenue of 8 month months of 2016 will be recognized and recorded at year end.

Serive Contract = $6,000 for 12 months

Revenue Recognized in 2016 = $6,000 x 8/12 = $4,000

You might be interested in
Portside Watercraft uses a job order costing system. During one month Portside purchased $173,000 of raw materials on credit; is
Nadya [2.5K]

Answer:

One parent organism and no egg or sperm

Explanation:

5 0
4 years ago
If the rate of inflation is 2.2% per year, the future price pt (in dollars) of a certain item can be modeled by the following ex
postnew [5]

Answer:

1693.25

Explanation:

The computation of the current price of the item and the price 9 years from today is shown below:-

p(t) = 1,200 × (1.039)^t

Now, the current price can be found by putting t = 0

p(0) is

1,200\times (1.039)^0 = $1,200

The price 10 years from today

p(9) is

1,200\times (1.039)^9

Now we will solve the above equation

= 1,200 × 1.411041958

= 1693.25035

or

= 1693.25

6 0
3 years ago
An employee learns how to do her job by working closely with her team leader, observing and learning how the process functions.
Zigmanuir [339]

Answer: on-the-job training

Explanation:

On-the-job training is a method in which employees are trained by observation and imitation of their superiors.

It is an efficient method of learning because it involves 'doing' that is practical.

The employees learn the skills required to carry out their functions in the workplace and also get familiar with the working environment.

On-the-job training also helps to reduce the organization's cost of training new staff. They don't need to pay to training instructor or send new employees to take courses concerning their functions.

On-the-job training methods includes the following:

1) Coaching

2) Job rotation

3) Job instructional training

4) Mentoring

5) Apprenticeship

6) Understudy

4 0
3 years ago
Judith works as an office assistant at the Octan consulting firm. Octan assists clients within a five-mile radius of its office.
koban [17]

Answer:

The 5-yr duration

6 0
3 years ago
Barbara managers the service desk and makes routine decisions related to customer refunds and merchandise returns. Donna also ov
abruzzese [7]

Answer:

B. First line manager

Explanation:

First line managers are company's employee just directly above the non-managerial worker in the management level or organization structure. They serve as the link between non-managerial workers and middle and upper level managers. They are the lowest managers in an organization that deals with employees directly.

In this case, Donna is directly dealing with cashiers and front desk employees while also making routine decisions.

6 0
3 years ago
Other questions:
  • Ruben Delgado was making wooden pens and pencils, which had unique engravings, as a hobby until Simon Yoder recognized Ruben's t
    11·2 answers
  • A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On
    14·1 answer
  • Condensed financial data of Windsor, Inc. follow. Windsor, Inc. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $56
    15·1 answer
  • Suppose a worker in Germany can produce 15 computers or 5 tons of grain per month.Suppose a worker in Poland can produce 4 compu
    13·1 answer
  • Manufacturing businesses can be classified according to their ___________, or how much they use machinery instead of people to p
    9·2 answers
  • Suad Alwan, the purchasing agent for Dubai Airlines, is interested in determining what he can expect to pay for airplane number
    12·1 answer
  • why do cellphone services providing firms often charge higher prices to pre paid than those on contract​
    15·1 answer
  • ABC Co. purchased merchandise on August 5 at a $1,000 invoice price with terms of 2/10, n/30 and paid for the merchandise on Aug
    8·1 answer
  • The owner of a fast-food franchise has exclusive rights to operate in a medium-size metropolatin area. The owner currently has a
    7·1 answer
  • In markets where the government imposes an excise tax on unit sales, it also has a tendency to dabble with restrictions on adver
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!