Answer:The answer is E. (A and B only)
Explanation: Absences in general affect the efficiency of a company. Studies have proved that healthier and happier employees perform more efficiently which leads to a better and more pleasant workplace.
Answer:
Correct Answer:
c. there is no reasonable basis for estimating collectibility.
Explanation:
The cost recovery method of revenue recognition is a concept in accounting that refers to a method in which a business does not recognize income related to a sale until the cash collected exceeds the cost of the good or service sold. <em>When a situation present itself where there is no reasonable basis for estimating collectibility, it justifies the use of the cost recovery method of revenue and profit recognition.</em>
Yes I believe your scenario is correct
Answer:
The amount that will be received today is $2518857.85
Explanation:
To calculate the amount that will be received today, we need to discount the amount that will be received three years from now for a period of 3 years using the given discount rate. As there is only a single cash flow, we will use the formula for present value of principal.
The present value of principal is,
Present value = Cash flow / (1+d)^t
Where,
- Cash flow is the amount for which we have to found the present value
- d is the discount rate
- t is the time in terms of number of periods
- Here the t is in years and the number of periods is 3 years
Present value = 3000000 / (1+0.06)^3
Present value = 2518857.849 rounded off to $2518857.85
Answer:
Net income will decrease by $400,000
Explanation:
Currently this business unit is generating a net loss of $150,000:
total revenue - variable expenses - fixed costs = $700,000 - $300,000 - $550,000 = -$150,000
if the unit is eliminated, then the revenue and variable expenses will be gone, but the fixed costs will be allocated to other business units. So instead of losing $150,000, the company will lose $550,000. The company's net income will decrease by $550,000 - $150,000 = $400,000
