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Usimov [2.4K]
3 years ago
7

For profitable long-term contracts, income is recognized in each year when revenue is recognized: At a Point in Time Upon Over T

ime According to Contract Completion Percentage of Completion a. No No b. Yes No c. Yes Yes d. No Yes
Business
1 answer:
blondinia [14]3 years ago
6 0

Answer:

d. No Yes

Explanation:

    At a Point in Time Upon                 Over Time According to

    Contract Completion                      Percentage of Completion

a)          no                                                     no

b)          yes                                                   no

c)          yes                                                   yes

d)          no                                                    yes

When companies engage in long contract, they generally use the percentage of completion method to recognize both expenses and revenues. As the company finishes or completes a certain percentage of the project, it will start to recognize revenue according to how much work it completed.

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3 years ago
When reducing project duration, the duration for a project that is optimal is at the point where Select one: a. Direct costs are
Free_Kalibri [48]

Answer:

The correct answer is the option D: Total project costs are the lowest.

Explanation:

To begin with, when it comes to the business field and the management area, the "project duration" refers basically to the characteristic that the project management has regarding the duration of it, very commonly expressed in terms of working units like hours, days, weeks, months or years for example. Moreover, there are three major types of project duration that are: "Estimated Project Duration", "Actual Project Duration" and "Remaining Project Duration". And to end up, the point where the duration of the project is opmital is when the total project costs are the lowest of all.

8 0
3 years ago
A corporation is concerned about their exposure to criminal liability after the most recent election cycle placed a number of ne
Angelina_Jolie [31]

Answer:

The strategy that would be least effective in reducing the company's criminal liability is:

D. It could donate to the election campaigns of the new members of Congress to establish goodwill.

Explanation:

While the other three options will effectively reduce the company's criminal liability exposure, option D is the least that is likely to have a positive or effective effect.  This implies that option D is most likely to aggravate the criminal liability of the company as it will be regarded as bribery to cover up a crime.

4 0
3 years ago
bundle of meanings or characteristics associated with certain concrete, unambiguous events, objects, conditions, or situations?
Sloan [31]

Answer:

<em>CONCEPT</em>

Explanation:

It is known as <em>"CONCEPT"</em> in which the meanings collections are been accepted and associated with characteristics with certain objects and situations and conditions and events as well as behaviors.

<em>In this it also classifies the events and as well as objects that are carrying  similar characteristics. </em>

We can also abstract such kind of meaning with are experience of abstraction.

8 0
3 years ago
A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to
ruslelena [56]

Answer:

A 6,500

Explanation:

The number of units to be sold is calculated as;

= (Pretax income + Fixed costs) ÷ Contribution margin

Given that;

Pretax income = $35,000

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Contribution margin

= Selling price per unit - Variable cost per unit

= $200 - $130

= $70

= ($35,000 + $420,000) ÷ $70

= 6,500 units

6 0
3 years ago
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