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puteri [66]
3 years ago
14

Which is a correct statement regarding sandwich prices, based on the histogram?

Business
1 answer:
Fudgin [204]3 years ago
4 0

Answer:

Which is a correct statement regarding sandwich prices, based on the histogram? The distribution of sandwich prices is skewed left.

i hope this helps<3 :)

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A firm is productively efficient when:__________.
inna [77]

Answer:

Its is A

Explanation:

7 0
3 years ago
Revenue recognition over time and at a point in time under ASC Topic 606 (LO3-4) MSK Construction Company contracted to construc
lions [1.4K]

Answer:

MSK Construction Company

a) Journal Entries:

Debit Contract Cost $290,000

Credit Cash Account $290,000

To record the cost of the contract incurred for the 1st year.

Debit Accounts Receivable $260,000

Debit Unbilled Contract $90,000

Credit Contract Revenue $350,000

To record the contract revenue  for the first year.

Debit Cash Account $240,000

Credit Accounts Receivable $240,000

To record the receipt of cash for the first year.

Debit Contract Cost $150,000

Credit Cash Account $150,000

To record the cost of the contract incurred for the 2nd year.

Debit Accounts Receivable $265,000

Credit Contract Revenue $175,000

Credit Unbilled Contract $90,000

To record the contract revenue for the 2nd year.

Debit Cash Account $265,000

Credit Accounts Receivable $265,000

To record the receipt of cash for the 2nd year.

Explanation:

Contract price = $525,000

Contract data:

                                                                  20X1           20X2

Costs incurred during the year          $290,000     $150,000

Estimated additional cost to complete  145,000        —

Billings during the year                         260,000      265,000

Cash collections during the year         240,000       285,000

Revenue Recognition over time based on costs:

Total estimated cost = $435,000 ($290,000 + 145,000)

Revenue in the 1st year = ($290,000/435,000 * $525,000) = $350,000

Revenue in the 2nd year = $175,000 ($525,000 - $350,000)

Revenue Recognition at point in time when control is transferred:

Revenue in the 1st year = $0

Revenue in the 2nd year = $525,000

5 0
3 years ago
Under what circumstance might you receive a tax refund from the IRS?
Otrada [13]
You receive a tax refund from the IRS if your tax liability is less than the tax you paid for a fiscal year. This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits
4 0
3 years ago
Read 2 more answers
What is the term for convincing a customer to buy a larger quantity of an item or a more expensive item?
Paul [167]
This technique is known as "upselling". The seller might induce a customer to buy/ purchase "more expensive items", upgrades or even other add-ons with the purpose of getting more profitable sales. it might consist on provide the customer with more options or opinions that may not have been considered before. 
7 0
3 years ago
Read 2 more answers
Strickland Corporation has invested in debt securities. Strickland intends to actively buy and sell this investment for profit.
True [87]

The answer is trading security.

A corporation that trades securities buys them with the intention of making a quick profit.

Companies will only invest if they think there is a good chance they will be compensated for the risk they are taking because they do not intend to hold such securities for an extended period of time.

If a corporation finds an undervalued security and wishes to take advantage of the chance, it may decide to speculate on various debt or equity assets.

Debt securities and equity securities are both included in the category of securities known as trading securities.

Hence, in the given case where Strickland Corporation has invested in debt securities. Strickland intends to actively buy and sell this investment for profit. This investment is classified as trading security.

Learn more about investment:

brainly.com/question/3729664

#SPJ4

3 0
2 years ago
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