Answer:
recognized on March 31 after the delivery of the equipment
Explanation:
Revenue is recognized once the recognition criteria is met. These criteria includes;
- the cost of the item sold can be measured reliably
- the items has been delivered or the service has been rendered
Given that the contract specified a delivery date of March 1.
The equipment was not delivered until March 31 and as such, the revenue for the contract should be recognized on March 31 after the delivery of the equipment.
Given the table below
![\begin{tabular} {|p {1cm}|p {1.4cm}|p {1.4cm}|p {1.5cm}|p {1.4cm}|p {1.4cm}|} {Price per hour&Quantity Supplied by Ann&Quantity Supplied by Bob&Quantity Supplied by Carlos&Market Quantity Supplied&Market Quantity Demanded\\[1ex] \$50&94&35&19&148&5\\ 45&93&33&14&140&8\\ 40&90&30&10&130&11\\ 35&81&27&6&114&16\\ 30&68&20&2&90&22\\ 25&50&12&0&62&30\\ 20&32&7&0&39&39\\ 15&20&0&0&20&47\\ 10&10&0&0&10&57 \end{tabular}](https://tex.z-dn.net/?f=%5Cbegin%7Btabular%7D%0A%7B%7Cp%20%7B1cm%7D%7Cp%20%7B1.4cm%7D%7Cp%20%7B1.4cm%7D%7Cp%20%7B1.5cm%7D%7Cp%20%7B1.4cm%7D%7Cp%20%7B1.4cm%7D%7C%7D%0A%7BPrice%20per%20hour%26Quantity%20Supplied%20by%20Ann%26Quantity%20Supplied%20by%20Bob%26Quantity%20Supplied%20by%20Carlos%26Market%20Quantity%20Supplied%26Market%20Quantity%20Demanded%5C%5C%5B1ex%5D%0A%5C%2450%2694%2635%2619%26148%265%5C%5C%0A45%2693%2633%2614%26140%268%5C%5C%0A40%2690%2630%2610%26130%2611%5C%5C%0A35%2681%2627%266%26114%2616%5C%5C%0A30%2668%2620%262%2690%2622%5C%5C%0A25%2650%2612%260%2662%2630%5C%5C%0A20%2632%267%260%2639%2639%5C%5C%0A15%2620%260%260%2620%2647%5C%5C%0A10%2610%260%260%2610%2657%0A%5Cend%7Btabular%7D)
From the table it can be seen that at the price of $20, the quantity supplied is equal to the quantity demanded equal to 39.
Also notice that at that price, Carlos is not supplying any service.
Therefore, the equilibruim price <span>of tutoring services be if Carlos decided to stop tutoring is $20.</span>
Answer:
$303
Explanation:
The computation of the absorption costing unit product cost is shown below:
= Direct materials per unit + Direct labor per unit + variable manufacturing overhead per unit + Fixed manufacturing overhead per unit
= $149 + $112 + $7 + $35
= $303
Working note:
The Fixed manufacturing overhead per unit is measured below:
= Fixed manufacturing overhead ÷ Number of units produced
= $301,000 ÷ $8,600 units
= $35
Answer:
Department of the Treasury
Explanation:
The function of the Department of the Treasury is to conserve a firm economy and also to create various job opportunities by accelerating the various conditions that enable the growth of the economy.
The Treasury also play an important role in intensifying national security by tackling a variety of threats and protecting the integrity of the financial system. It also plays a role in handling the U.S. Government’s finances and resources effectively. The United States president also receives tax policy advice from economists in Treasury Department.
Answer:
The market value of the stock is $41.8
Explanation:
Div 1 = Div 0 (1+r)
=3.80 (1+0.10)
=3.80(1.10)
=4.18
Market value of the stock= Dividend 1 / (r-g)
= 4.18 / 0.2 - 0.1
= 4.18 / 0.1
= $41.8
The market value of the stock is $41.8
