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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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She could try becoming an author, they write in magazines, newpapers, books, and articles. She could write what she wishes and it's on her own.
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3 years ago
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Asonia Co. will pay a dividend of $4.95, $9.05, $11.90, and $13.65 per share for each of the next four years, respectively. The
kompoz [17]

Answer: $30.86

P = $4.95/(1 + .92) + $9.05/(1 + .92)^2 + $11.90/(1 + .92)^3 + $13.65/(1 + .92)^4

P = 4.53+7.59+ 9.14+ 9.60=$30.86

Explanation:

Dividend discount: Dividend year 1 divided by (1 plus the required rate of return)

PLUS Dividend year 2 divided by (1 plus the required rate of return) to the second power

PLUS Dividend year 3 divided by (1 plus the required rate of return) to the third power

PLUS Dividend year 4 divided by (1 plus the required rate of return) to the fourth power

7 0
3 years ago
Oscar's Flower Shop maximizes profits by hiring four workers in a perfectly competitive labor market. The workers and their valu
Irina-Kira [14]

Answer:

In equilibrium, each worker is paid his or her value of the marginal product of labor.

Explanation:

Here are the missing option of the question:

  • In equilibrium, each worker is paid his or her value of the marginal product of labor.
  • Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40)
  • Each worker is paid $15.
  • We need to know the product price before we can figure out the wage rate.

As per marginal theory of productivity of income distribution, Income of each factor production is equal to its marginal productivity.

Marginal productivity is one additional unit of production by one unit additional unit of factor, which bring changes in total production. Firm hire labor till marginal revenue product of labor is more than wage rate of labor. The point at which Marginal revenue product of labor is equal to wage rate labor is the labor market equilibrium.

6 0
3 years ago
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $68,188 Common Stock $10,959
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Answer:

Total assets next year are $186670

Explanation:

The basic accounting equation states that Total assets are always equal to the sum of Total liabilities and total equity. Thus, the total assets of the company this year are,

Total assets - this year = 68188 + (10959 + 86023)

Total assets - this year = $165170

The net income generated by a company is used for two purposes. The company can either pay out dividends from it or retain it in the business or do both. The retained net income will increase the amount of retained earnings and thus the total equity.

Retained earnings for next year = 36500 - 15000  = $21500

Thus, total assets for next year are,

Total assets next year = Total assets this year + change in retained earnings

Total assets next year = 165170 + 21500     = $186670

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Which of the following identified in an analysis of the general environment is an opportunity for an entrepreneur who wishes to
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c.a chiropractor and two independent physical therapists are located in his community

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Certainly this entrepreneur should share data, community information and health specific knowledge with these therapists.

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