Answer:
$192,000 million
Explanation:
Calculation for how much revenue should Parmac recognize in the current year
First step is to find the percentage of completion using this formula
Percentage of completion=Cost incurred/Total expected cost
Let plug in the formula
Percentage of completion=$144 million/$360 million
Percentage of completion=0.4*100
Percentage of completion=40%
Last step is to find the revenue recognized using this formula
Revenue recognized=Total contract *Percentage of completion
Let plug in the formula
Revenue recognized=$480 million*40%
Revenue recognized=$192,000 million
Therefore the amount of revenue that Parmac should recognize in the current year will be $192,000 million
Answer:
manage risk in the financial markets
watch banks and protect customers
provide banking services
Influence the money supply
Explanation:
The Fed tries to manage risk in the financial markets. For example, the Federal Reserve would be concerned that the effects of the failure of one financial institution, such as a big bank, might spread to other banks.
The Fed watches over banks and tries to protect banking customers. For example, the Federal Reserve enforces the Truth in Lending Act, which protects people who use credit cards or borrow money to pay an expense, also known as using credit, from deceptive practices.
The Fed offers banking services, such as loans, to other banks, the U.S. government, and other countries.
Maybe most important, the Fed influences the growth of the money supply. The money supply is the amount of money that is flowing through the economy.
Answer:
leftward shift of
leftward shift of
movement along
rightward shift of
Explanation:
The right answers to complete the given statements are that;
A decrease in real GDP causes leftward shift of the money demand curve.
An increase in technology which makes it easier to pay for goods and services without carrying lots of causes a leftward shift of the money demand curve
A decrease in interest rates causes a movement along the money demand curve.
An increase in the aggregate price level causes a rightward shift of the money demand curve.
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The capabilities of Investors and analysts regarding financial reporting include an awareness of financial reporting standards .
A knowledge of financial reporting standards, which is wider than knowledge of particular accounting rules, will let an observer to assess the valuable insinuation of financial statement elements and transactions.
The main objective of financial reporting is to furnish financial information about the reporting organization that is useful to existing and possible lenders,investors and other creditors in taking decisions about supplying resources to the organization.
Financial reporting needs policy options and calculations. These options and calculations need judgment, which can differ from one trainer to the next. Therefore, standards are needed to confirm increasing stability in these judgments.
To learn more about financial reporting standards here
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