Answer:
Revenue recognized for 2018 is $5,450,400
Profit for the same year is $275,400
Explanation:
The is a method of revenue recognition known as cost to completion. It is used to recognize revenue from long term projects which are mostly construction contracts that will not be completed in a year. In this system, the revenue to be recognized is a function of the cost.
As such, where 30% of the total cost of the project is incurred in the first year, 30% of the total revenue will also be recognized in the first year. The difference between the revenue and the cost gives the profit.
Given that total revenue for 3 years is $18168000
Revenue to be recognized
= 30/100 * $18,168,000
= $5,450,400
Cost incurred
= 30/100 * $17,250,000
= $5,175,000
Profit for 2018
= $5,450,400 - $5,175,000
= $275,400
Answer:
The correct answer is letter "C": multifactor productivity.
Explanation:
Multifactor productivity refers to how the combination of <em>labor </em>and <em>capital </em>is translated in the maximization of manufacturing goods or rendering services. Changes in the factor of multifactor productivity reflect fluctuations in <em>management, adjustment costs, and economies of scale</em>.
Answer:
$3,750
Explanation:
(142,500-100000)*50% = 21,250
25,000-21,250 = $3,750