Answer:
$1,290
Explanation:
The revenue to be recognized in march is dependent on if the revenue recognition criteria was met in march. These criteria are
- the cost of goods delivered or service rendered can be measured reliably
- good/services were delivered/rendered in the month
This is irrespective of whether cash was collected or not under the accrual method.
Given that Digby delivers 86 units in March at a price of $15.00, revenue to be recognized
= 86 * $15
= $1,290
I think that the stament given above is true, as this principle <span>lets business survive or fail without much interaction from the government.</span>
The appropriate response is true. Stock market is the total of purchasers and dealers (a free system of financial exchanges, not a physical office or discrete substance) of stocks (likewise called offers), which speak to proprietorship guarantees on organizations.
Answer:
$3,799
Explanation:
The total bill amount is
Before that The computation of the fixed cost and the variable cost per minute by using high low method is computed
Variable cost per minute = (High bill cost - low bill cost) ÷ (High minutes - low minutes)
= ($4,500 - $2,630) ÷ (480 - 160)
= $1,870 ÷ 320
= $5.84
Now the fixed cost equal to
= High bill cost - (High minutes × Variable cost per minute)
= $4,500 - (480 × $5.84)
= $4,500 - $2,803
= $1,697
Now the total bill would be
= Fixed cost + expected minutes × variable cost per minutes
= $1,697 + 360 × $5.84
= $1,697 + $2,102
= $3,799
Answer:
Explanation:
In this question, we are expected to know the amount a certain investment would have grown to after 5 years.
Mathematically, the amount is calculated by the formula below:
A = P(1 + r/n)^nt
The parameters have the following values: A = ? P = $500 r = 13% = 13/100 = 0.13 n = 2 ( semi-annually means two times a year) and t = 5 years
A = 500( 1 + 0.13/2)^(2 * 5)
A = 500(1 + 0.065)^10
A = 500( 1.877)
A = 938.56 or simply $939
