Answer:
A = P (1 + r / m)^n
m
A = Amount
P = Interest rate
R = interest rate
N = number of years
m = number of compounding
Explanation:
Laissez-faire is an attitude and policy of letting events take their course without interruption.
The French Physiocrats introduced this term.
Explanation:
Equal shares when added together give us the whole.
Equal shares can be used to divide either a single object or group of objects equally.
The result of an equal share can sometimes be a fraction.
Answer:
The answer is: Rawl Co. should recognize the related revenue evenly over the contract year as the services are performed.
Explanation:
According to the conservatism principle, Rawl Co. should record revenues and assets only when you are sure that they will occur. So they should record revenue only as the service is provided on a monthly basis.
It should determine the monthly payment = $540 / 12 = $45 per month.
So at the end of every month, it should recognize $45 as revenue.
