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Colt1911 [192]
2 years ago
10

The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the perf

ormance obligation is satisfied is the:.
Business
1 answer:
ipn [44]2 years ago
7 0

Answer:

Revenue recognition principle.

Explanation:

The revenue recognition principle states that revenue is recognized in the accounting period in which the performance obligation is satisfied. The cash-basis of accounting is in accordance with generally accepted accounting principles.

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You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current mo
Maslowich

Answer:

<u>Mortgage liaiblity today: </u>424.092,31‬

Explanation:

We need to solve for mortage principal then;

how much do we amortize during four years and eight months old.

Last, decrease from the principal to know the current mortgage liability:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 3,120

time 360 (30 years x 12 months per year)

rate 0.00625

3120 \times \frac{1-(1+0.00625)^{-360} }{0.00625} = PV\\

PV $446,214.9972

Interest at first period:

446,215 x 0.00625 = 2.788,84

<u>Amortization at first period:</u>

3120 - 2,788.84 = 331.16

<u>Total Amount amortized:</u> will be the future value of the annuity of this first depreication during the life of the mortgage

C \times \frac{(1+r)^{time} -1}{rate} = FV\\

C 331

time 56

rate 0.00625

331.16 \times \frac{(1+0.00625)^{56} -1}{0.00625} = FV\\

Total Amortized: $22,122.6919

<u>Mortgage liaiblity today:</u>

446,215 - 22,122.69 = 424.092,31‬

4 0
3 years ago
The major drawback of most fad diets is:
Yuliya22 [10]
<span>All of these can be true of fad diets but A is especially true. You need a balance of foods in order to be healthy and many fad diets don't support this. They teach dieters to eat a lot of a few types of food which creates an unhealthy idea of how to lose weight.</span>
7 0
3 years ago
Which of the following statements is true of strategic alliances as disadvantages? a.The fixed costs and associated risks of dev
ololo11 [35]

They are most beneficial when they join together resources and knowledge in a combination that complies with the VRIO framework.

5 0
3 years ago
Drew bought a computer for personal use from Hale Corp. for $3,000. Drew paid $2,000 in cash and signed a security agreement for
Svet_ta [14]

Answer:

Obtain a deficiency judgment against Drew for the amount owed.

Explanation:

Even though Hale repossessed the computer, it must still seek a deficiency judgment against Drew in order to recover the money owed. If Drew cannot pay his debt, he has the right to request Hale to sell the computer in order for Hale to recover the money owed.  

Repossession is one way that a lender can use to reclaim property that was put as collateral for a loan. For example, if you do not pay your car loan, the lender can simply repossess your car by taking it away without a court order. But the debtor still had the right to try to reclaim the property by paying the debt or agreeing on some type of payment procedure.

6 0
3 years ago
Your company manufactures small kitchen appliances. It is introducing a new product line of appliances in designer colors with d
zepelin [54]

Answer:

B. Progressive elaboration

Explanation:

Progressive Elaboration is done for a specific project and then such planning is thoroughly descriptive and detailed, and the management tends to develop the plan more and more with each day, make it more accurate for the project.

In the given instance, since there is a requirement to know all the features along with characteristics of the project properly, the technique to be followed is Progressive Elaboration as all the detailed work will be done, and will be revised accordingly.

Therefore, the correct option is:

B. Progressive elaboration

6 0
3 years ago
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