Answer:
By using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018
Explanation:
Percentage-of-completion method : Under this method,
First we have to calculate the percentage which is based on current period cost to total period cost.
After that, multiply the percentage with the revenue so that we get to know how much revenue is being recognized during an particular year.
In mathematically,
Estimated Cost percentage = current period cost ÷ total period cost
= $48 million ÷ $120 million
= 40%
Now,
Revenue recognized = Estimated cost percentage × Revenue
= 40% × $160 million
= $64 million
Hence, by using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018
Colorado not even kidding
Answer:
b. At the signing of the contract
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent and it is at this point they (buyer and seller) sign the contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
<em>Hence, in most transactions, the buyer is accepting the condition of the property at the signing of the contract as an approval or consent to the terms and conditions. </em>
Answer:
( ¹⁵C₂ )² × 5! = 1082161080
Explanation:
Data provided in the question:
Number of married couples = 15
Therefore,
Number of males = 15
Number of females = 15
Now,
The number of possible dancing arrangements
= Probability of selecting males × Probability of selecting males × ways of arranging 5 pairs
= ¹⁵C₂ × ¹⁵C₂ × 5!
= ( ¹⁵C₂ )² × 5!
= ![[\frac{15!}{5!\times(15-5)!}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B15%21%7D%7B5%21%5Ctimes%2815-5%29%21%7D%5D%5E2)
× ( 5 × 4 × 3 × 2 × 1 )
= ![[\frac{15\times14\times13\times12\times11\times10!}{5\times4\times3\times2\times1\times10!}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B15%5Ctimes14%5Ctimes13%5Ctimes12%5Ctimes11%5Ctimes10%21%7D%7B5%5Ctimes4%5Ctimes3%5Ctimes2%5Ctimes1%5Ctimes10%21%7D%5D%5E2)
× ( 5 × 4 × 3 × 2 × 1 )
= ![[\frac{360360}{120}]^2](https://tex.z-dn.net/?f=%5B%5Cfrac%7B360360%7D%7B120%7D%5D%5E2)
× 120
= 1082161080
