Answer:
D.) $75,000
Explanation:
Amount of revenue recognized = Cost incurred to date / Estimated total cost * Contract price
Cost incurred to date=60,000
Estimated total cost=400,000
Contract price=500,000
Amount of revenue recognized= 60,000/400,000 * 500,000
=0-15 * 500,000
=$75,000
Amount of revenue recognized in year 1 is $75,000
Answer:
Conglomerate
Explanation:
A conglomerate is a company that consists of many separate , independent entities. One corporation holds a majority interest in smaller businesses in a corporation, each of which performs business activities separately.
Answer:
supply increase government expenditures
Explanation:
When there is unemployment, the active stabilisation policy of the government would be to increase money supply. This is known am expansionary fiscal policy.
Money supply can be increased through an increase in government expenditure.
For example, if the government decides to increase money supply by building a road, labour and engineers would have to be employed to carry out the project, this would reduce unemployment.
The other options reduce money supply. They are known as contractionary fiscal policy.
I hope my answer helps you.
Answer: $900
Explanation: LIFO inventory costing method.
This means Last In First Out method. Since the last stock for the year was bought in Nov and the company sold 150 units.
Using LIFO method, 150 * $6 = $900
Answer:
D) A drop in the price level
Explanation:
Aggregate Demand represents the demand for goods and services while its supply is called aggregate supply. Aggregate Demand Curve represents the total amount of goods and services demanded by an economy at different price levels. When there is shift to the left in an aggregate demand curve, it is caused by a drop in demand which could have been influenced by a rise in the price levels. A shift to the right in an aggregate demand curve signifies an increase in demand which might have been influenced by a drop in price levels.