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elixir [45]
3 years ago
7

Which of the following is most likely to be considered revenue, according to the Financial Accounting Standards Board’s definiti

on? Multiple Choice A company in the business of manufacturing scientific devices recognizes a gain from the sale of agricultural land from the fringes of its corporate campus. A pharmaceutical firm receives an anonymous donation to settle a liability owed to a municipality. A web streaming company fulfills a 12-month service term paid by customers in advance.
Business
1 answer:
sesenic [268]3 years ago
8 0

Answer:

A web streaming company fulfills a 12-month service term paid by customers in advance.

Explanation:

Revenue is recognized from services rendered or goods delivered. It is recognized only when the risk and reward is transferred, further it relates to the normal business of company.

As in the first sentence the company makes scientific devices and it sales an agricultural land, that is sale of fixed asset.

In second case the pharmaceutical company receives donation which is anonymous.

All the things are not revenue for company.

It is only the web streaming company which shall recognize revenue as the services are rendered and revenue shall be recognized related to normal business of company.

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40. Somewhere peaceful surrounded by nature

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3 years ago
Ben and carla covington plan to buy a condominium. they will obtain a $220,000, 30-year mortgage at 5 percent. their annual prop
shtirl [24]

Answer: The total using monthly housing payment is 1371.01.

The monthly payment on a house usually comprises of four parts - principal, interest, taxes and insurance. Even though taxes and insurance are due only once a year, most home loan lenders require that these amounts be deposited in an escrow account . They then transfer the amounts to the respective agency when the amounts fall due. So, the value of monthly payment is:        

Monthly Housing Payment = Principal + Interest + Taxes + insurance

We need to calculate the EMI on the housing loan. This will cover the monthly payment on principal and interest

EMI = \frac{PV}{\frac{1-(1+r)^{-n}}{r}}

EMI = \frac{220000}{\frac{1-(1+\frac{0.05}{12})^{-30*12}}{\frac{0.05}{12}}}

EMI = \frac{220000}{\frac{1 - 0.22382659564135}{0.0042}}

EMI = \frac{220000}{186.28}

EMI = 1181.01

Next we calculate the monthly property taxes and insurance

Monthly property taxes       \frac{1800}{12} = 150

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Hence the total housing payment is : 1181.01 + 150 +40 = 1371.01

3 0
3 years ago
Consider the following cash flows: Year Cash Flow 2 $ 22,200 3 40,200 5 58,200 Assume an interest rate of 9 percent per year. a.
miss Akunina [59]

Answer:

Total FV= $134,711.26

Explanation:

Giving the following information:

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Cf3= $40,200

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To calculate the future value, we need to use the following formula on each cash flow:

FV= PV*(1+i)^n

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4 years ago
The management at GameGuys, Inc. designed a strategy that unifies advertising, personal selling, public relations, and sales pro
alukav5142 [94]

The management of GameGuys, Inc. designed a strategy that unifies advertising, personal selling, public relations, and sales promotion activities, creating a consistent message. This effort to promote a positive brand image represents an integrated marketing communication program.

<h3 /><h3>What is integrated marketing communication?</h3>

They correspond to strategies used in organizations to promote a brand, a product or a relevant message through integrated communications, which are conveyed in different communication channels, to attract a greater number of potential consumers. Some media used are:

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Therefore, IMC generates a unified strategy through marketing processes, such as identifying the best public relations strategy and audience analysis to identify the best marketing communication, generating positioning for a company.

Find out more about integrated marketing communication here:

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