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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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Customer satisfaction surveys will be effective when the questions included in the survey can provide actionable results.
Flauer [41]

Answer:

TRUE

Explanation:

Customer satisfaction surveys are instruments used by companies to measure the level of satisfaction the customers or consumers get from using their products. It is important because it gives the company information about the positive and negative perceptions about their products and services of which they could improve on. So if the information provided in the survey cannot provide actionable result, the whole survey becomes useless because the information provided cannot be acted upon.

4 0
3 years ago
Does mixed economy have private ownership?
labwork [276]

YES, mixed economy have private ownership.

A mixed economy is variously described as an economic machine mixing elements of a market financial system with factors of a deliberate economy, markets with country interventionism, or private organisation with public organisation. common to all blended economies is a mixture of unfastened-marketplace principles and principles of socialism.

A blended economic machine is a device that combines components of both capitalism and socialism. A blended monetary machine protects personal property and permits a degree of financial freedom in the use of capital, but additionally allows for governments to intrude in financial sports if you want to reap social objectives.

Learn more about mixed economy here:brainly.com/question/13467040
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6 0
1 year ago
Match the example with the type of individual difference and advantage it shows.
inna [77]

Answer:

Sergey likes to play soccer in his free time = Hobbies

Scott's parents moved from the U. S. to Australia = Background

Bihn wants to make enough money to send his children to school = goal

Yolanda us outgoing and able to make friends quickly = Ability

Cheyenne is currently working as a junior dance teacher in a big studio, to learn what she would need to know when she opens her own someday = experience

Melanie cares about fitness and the outdoors so she often participates in active outdoor activities like biking and mountain climbing = Lifestyle

Amandos favourite subject in school is world history = interest

3 0
3 years ago
A company pays each of its two office employees each Friday at the rate of $100 per day each for a five-day week that begins on
MatroZZZ [7]
<h3>Answer:</h3>

Debiting salaries Expense $400 and Crediting Salaries payable $400.

<h3>Explanation:</h3>

We are given;

1 employees earns $ 100 a day

Therefore;

2 employees will earn $ 200 a day

The month ends on Tuesday, but the two employees works on Monday and Tuesday.

  • Therefore, the month-end adjusting entry to record will be the amount earned by the two employees on the two days.

Two employees for 2 days = $200/day × 2 days

                                             = $400

  • But, salary is an expense, and in the accounts an increase in expense account is debited.
  • According to the rule of double entry, an increase in salaries expense decreases the salaries payable. Therefore, we debit salaries expense account and credit salaries payable account.
  • Therefore, the month-end adjusting entry to record the salaries earned but unpaid would be;

    Debiting salaries Expense $400 and Crediting Salaries payable $400.

3 0
3 years ago
Banks pay their customers interest on the money in their accounts for what reason? A. That money earns interest when the bank lo
Bezzdna [24]

Answer:

A. That money earns interest when the bank loans it out.

Explanation:

Banks pay their customers interest on the money in their accounts because that money earns interest when the bank loans it out.

4 0
3 years ago
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