Answer:
Scenario 1: It will recognize 10,600 revenue as the services were performed.
Scenario 2: It will recognize 1,560 revenue and the difference will be considered a sales discount.
Scenario 3: The services were provided during 2021 the cash disbursement are not linked to future services thus, Manitowoc will recognize 390,000 as sales revenue
Scenario 4: the company will recognize revenue for 30,600
If the remainining is expected to not be collected the accounting will use the allowance for doubtful account and bad debt expense to match the expense when the period they were generate but, it will not decrease the sales reveneu account.
Explanation:
Answer:
30%
Explanation:
We have to have three defined concepts:
Sales revenues (SR): This is the income generated by selling a product/service.
Production costs (PC): The costs of producing say product/service that we are offering to the market.
Operating profits (OP): This are the profits generated by the operationg of our business.
With those concepts in mind we need to find the Operating profits for each year so we can found the percent changes in the operating profits.
OP = SR - PC
2016 - OP (2016) = 800,000 - 600,000 = 200,000
2017 - OP (2017) = 900,000 - 640,000 = 260,000
Now we calculate the expectend increase using the percent change (%C) formula:
%C =
Replacing:
%C =
Our initial value is the OP of 2016 and our final value is the OP of 2017, so the OP for 2017 are expected to increase by a 30%.
Answer: 4. Train employees to properly handle the information.
Explanation:
Human Error remains a very viable cause for concern in the protection of confidentiality of intellectual property. After all the non-human related measures have been taken such as using Data Loss Prevention softwares and requiring Authentication from any users accessing the information, there could still be human error from the users who have access to the information such as leaving documents lying around at home or leaving computer screens with confidential information on whilst eating at a cafe.
Indeed, misuse of Confidential information was a very big deal in the US presidential election of 2015.
This is why it is very important that Employees are trained on ways to handle confidential information so that they may be on guard and knowledgeable of ways to preserve the integrity of the confidential information that they hold.
Answer:
The higher the interest rate, the more willing suppliers of loanable funds will be to lend money.
Explanation: