Answer:
- $38,500
- $1,400
Step-by-step explanation:
1. According to the Accrual Principle of Accounting, revenue should only recognized when the goods or services for which it was paid for have been delivered. In other words, revenue should only be recognized when earned.
As of December 1, 20X1, Ginzel had only completed 7 of the 20 reports so the revenue recognized should be for the completed reports alone.
Total revenue for 20 reports = $110,000
Revenue for 7 reports = 7/ 20 * 110,000
= $38,500
2. The Accrual principle also applies to expenses and states that expenses should only be accounted for when incurred. As the $4,000 relates to all the reports, it should be apportioned evenly.
The costs of extraction and conversion of data for the year should therefore be;
= 7/20 * 4,000
= $1,400
Answer:
A.
Step-by-step explanation:
Rise over Run
Answer:
answers below
Step-by-step explanation:
a. 840
B.first option
rate per month = 55
Answer:
<h2>40%</h2>
Step-by-step explanation:
Step one:
given data
expected customers= 1200
actual customers= 725
the percent error= (actual-expected)/expected
substituting the given values we have'
%error=725-1200/1200
%error=475/1200
%error=0.395
To the nearest tenth we have 0.4
%error=0.4*100
%error=40%
Hence the percent error is 40%
Answer:
11m-3v
Step-by-step explanation:
