Answer:
The answer is A.) Recognized in the current period, regardless of whether the percentage-of-completion or completed contract method is employed.
Explanation:
The long -run cost function can be estimated using either time-series cost-output data collected on a plant (or firm) whose size has been variable over time, or cross-sectional cost-output dasta collected on a sample of plants,(firms) of different sizes at a particular point on time.
Answer:
2017 = ($6,400)
2018 = $4,800
Explanation:
The effect of the exchange rate fluctuations on reported income in 2017 and in 2018 is shown below:-
Particulars Amount
Purchased widgets 20,000
Purchased price 8
Total inventory 160,000
(20,000 × 8)
Total inventory at Dec 1,2017 $70,400
(160,000 × $0.44)
Total inventory at Dec 31,2017 $76,800
(160,000 × $0.48)
Foreign exchange gain/(loss)
at reporting date ($6,400)
($70,400 - $76,800)
Total inventory at March 1, 2018 $72,000
(160,000 × $0.45)
Foreign exchange gain/(loss)
when payment is made
on March 1, 2018 $4,800
($76,800 - $72,000
)
So, the Foreign exchange loss in 2017 is ($6,400) and the Foreign exchange gain in 2018 is $4,800
An office is the center point of organization. ... The office performs a clerical function such as information collection, recording analyzing, distribution of information and executive function such as planning, policies formulation, organization, decision making etc.
Answer:
current account balance = $271.8 billion
Explanation:
given data
exported goods worth = $312 billion
exported services worth = $198 billion
imported goods worth = $525 billion
imported services worth = $255 billion
sent famine relief to Africa = $1.2 billion
received = $3 billion
to find out
current account balance in Vesey
solution
we know that current account balance as
current account balance = total expenses - total revenue .............1
here
total expenses are = $525 + $255 + $3 = $783 billion
and total revenue = $312 + $198 +$1.2 = $511.2 billion
so from equation 1
current account balance = $783 billion - $511.2 billion
current account balance = $271.8 billion