if a contract qualifies for revenue recognition over time, revenue is recognized based on progress toward: multiple choice billing. completion. maximization of revenue. the end of the year.

Answers

Answer 1

When a contract meets the requirements for revenue recognition over time, the company is able to recognize revenue as it fulfills its performance commitments over the course of the contract.

Contrast this with contracts where payment is made all at once, such as when a product is delivered or a service is finished. In this case, revenue is recognized based on how close the performance commitments are to being fulfilled. The amount of work accomplished as a percentage of the total work necessary to execute the contract determines the revenue realized. The percentage of completion method is another name for this technique for calculating income.

The money generated and costs incurred throughout the life of a long-term contract are depicted more accurately using this method. It enables revenue recognition to be connected to the actual progress made toward contract fulfilment, giving stakeholders greater transparency.

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Related Questions

If a firm's production function exhibits diminishing marginal product of the variable input in the short run, which of the following about the firm's short-run marginal cost (MC) curve must be true?
A
As output increases, the MC curve slopes upward.
B
As output increases, the MC curve slopes downward and becomes flatter.
C
As output increases, the MC curve slopes downward and becomes steeper.
D
The MC curve is horizontal.
E
The MC curve is vertical.

Answers

The correct statement about the firm's short-run marginal cost (MC) curve is: A. As output increases, the MC curve slopes upward.

If a firm's production function exhibits diminishing marginal product of the variable input in the short run, the correct statement about the firm's short-run marginal cost (MC) curve is: A. As output increases, the MC curve slopes upward.

This is because, with diminishing marginal product, as more variable input is added, the increase in output becomes smaller. Therefore, the cost of producing an additional unit of output increases, leading to an upward-sloping MC curve.

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Employment assessments are only used during the hiring phase of employment.
Please select the best answer from the choices provided
OT
OF

Answers

Answer:

False

Explanation:

The given statement is false, that the Employment assessments are only used during the hiring phase of employment.

What is the Employment assessments?

Employee assessments are defined as the evaluations or performance appraisals that i s mostly used to examine the performance and productivity of employees of the company, which is hiring.

These examinations measure aptitude, personality and skills. The typical purposes of employee evaluations include pay review, promotions, performance improvement, terminations, etc.

For job testing, several forms of assessments, such as personality tests, work samples, intelligence tests, and assessment centers, may be employed. Employers frequently utilize more than one to increase predictive power, since some correlate work performance better than others.

Therefore, it is false.

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Introduce the term of notice in two sentence​

Answers

I’m not quite sure I understand the question but I tried answering it

(Notice as a verb) While investigating the scene of the crime, the detective *noticed* fingerprints on the glass window.

(Notice as a noun) A final notice was given to the disobedient boy after which he would be expelled from the school.

How important do you think focus groups are to the eventual success of a new product?

Answers

Answer:

Yes

Explanation:

Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs

tori is a freelance photographer and her net earnings were $80,000. calculate tori’s payroll taxes if she was a full time employee

Answers

Tori’s payroll taxes if she was a full time employee of the company will be $11304.

How to compute the tax?

From the given information, the net income is $80000, tax rate is 15.3% for social security and Medicare.

Therefore, the tax paid by Tori will be:

= 15.3% × $73880

= $11304

In conclusion, the tax will be $11304

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A town has a population of 2000 and grows at 2. 5% every year. To the nearest year, how long will it be until the population will reach 2700?.

Answers

A town has 2000 people and is growing at a 2.5% annual rate. It will take 7 years, or the closest year, for the population to reach 2700.

In order to calculate the time it will take for the population to reach 2700, we need to use the formula for exponential growth:

P = P0 * (1 + r)^t

Or,

P * r ^ t=  P0

Where:

P is the final populationP0 is the initial population (2000)r is the growth rate (2.5%)t is the number of years

Hence:

2000 * (1.025)^t = 2700

Where t is the number of years that have passed.

We can rearrange this formula to solve for t using the natural log method as follows:

ln(1.025^t) = ln(2700/2000)t * ln(1.025) = ln(1.35)t = ln(1.35)/ln(1.025)

t is approximately equal to 6.6 years, rounded to the nearest year, t is 7 years.

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Question 9 (1 point)
Owning a nursery is a good example of a career in the agriculture, food, and natural
resources career cluster
True
False

Answers

Answer:

True

Explanation:

Nursery refers to a section of a farm where plants are grown up to the desired age before transplanting to bigger fields. They provide a convenient way of taking care of seedlings.  Nurseries offer favorable growth conditions for germinating and growing food and non-food plant seedlings.

The agriculture, food, and natural resources cluster comprise all careers related to the creation of agricultural products. Someone who owns a nursery that grows food plants is under this cluster.

Answer:

True

Explanation:

True or false: All employees make an impact on a business.
5 points
True; all employees make a positive impact on a business
True; all employees make either a positive or negative impact on a business
False; only managers and supervisors make an impact on a business
False; only executives and board members make an impact on a business

Answers

Answer:

true; all employees make either a positive or negative impact on a business

Explanation:

A graduated commission employee makes 3. 5% interest on the first $50,000 in sales and 6. 5% interest on all sales over $50,000. Which of the following expressions represents the employee’s total earnings on $81,500 in sales? a. (0. 035)(50,000) (0. 065)(81,500) b. (0. 035)(50,000) (0. 065)(31,500) c. (0. 35)(50,000) (0. 65)(31,500) d. (3. 5)(50,000) (6. 5)(31,500).

Answers

The correct form of expression to express the context earning on the sales of the products is  (0. 035)(50,000) (0. 065)(81,500).

The context is about a graduate who earns on the basis of commission on the fixed amount of stock. On the sale of the first $ 50,000, he is getting 3.5% and the sales above $50,000 he is getting a commission of 6.5%.

Thus, the rate of 3.5% will be multiplied with the sales of %50,000, and the rate of 6.5% will be multiplied by the number of sales above $50,000 that is $81,500.

Therefore, the correct option is a.

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the closed fund is a closed-end investment company with a portfolio currently worth $270 million. it has liabilities of $10 million and 15 million shares outstanding
a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $
b. If the fund sells for $63 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.)
The fund sells at an % (Click to select)premiumdiscount from NAV.

Answers

A closed fund can be defined as a  fund which is  either closed to investors or has ceased to exist.

How does this work ?

NAV usually expresses the value of an investment fund.It can be calculated as  The total value of the fund's assets and subtracting its liabilitiesNAV of the fund:= ($270-$3)/4= $66.75

In the second case , Fund share is selling below it's NAV.

Which it means by selling this at a discount.

Discount as a % of NAV:= ($66.75-$63)/$63= 5.92%

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Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?
No, only lawyers and trust companies can open escrow accounts.
No, each broker can only have one escrow account.
Yes, this is legal unless he has more than three escrow accounts open at once.
Yes, there is no legal limit on the number of escrow accounts a broker can have.

Answers

Yes, a broker is permitted to have an unlimited number of escrow accounts.

What are escrow transactions?

During the course of a transaction between two parties, a third party holds a temporary pass-through account known as an escrow account. In an escrow account, money is held by a third party until it is given to the intended recipient. With high asset values and dispute-prone industries like real estate, it offers protection against scams and fraud. Escrow-based payments are not new and have been around for a while.  When two parties participate in a transaction but there is doubt about whether their obligations will be met, escrow is a financial procedure that is used. Escrow can be used in a variety of situations, including those involving banking, real estate, mergers and acquisitions, law, intellectual property, and online transactions.

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What do people use as an alternative to banks?

Answers

Credit unions are an alternative to banks that let you conduct local banking with like-minded individuals.

What are some alternatives to banks that people use?Credit unions- Credit unions are an alternative to banks that let you conduct local banking with like-minded individuals.Online banks- With no need for actual bank branches or ATMs, Online banks provide all of the features and functionality of conventional brick-and-mortar banks.Neobanks- Neobanks, commonly referred to as "challenger banks" or "digital-only banks," are online-only competitors to traditional banks.Regional bank- A regional bank is frequently the best financial choice for small businesses. Regional banks concentrate their services in a limited geographic area and are often smaller than national banks.Community banks- For companies looking for a bank alternative, community banks are still another choice. Community banks are modest, neighborhood financial institutions that concentrate on offering banking services to the local populace and commercial sector.Individual lenders- Peer-to-peer (P2P) lending is a form of crowdsourcing that enables companies to obtain capital from private investors.Square Cash- Square Cash: For companies that need to transfer or receive money fast and simply, Square Cash is a great bank substitute.Go-ogle Wallet/Ap-ple Pay Cash- With the help of Go-ogle Wallet, you can keep all of your credit, debit, and loyalty cards in one location. Similar service provided by Ap-ple, Ap-ple Pay Cash, enables you to centrally store all of your credit and debit cards as well as gift cards.Off-shore Bank Accounts- An off-shore bank account could be the solution for you if you're looking for a more comprehensive banking option. Since offshore banks are situated in nations with lax financial laws, they provide more services and goods than ordinary banks.

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what are the financial statement effects of recording bad debt expense using the allowance method?

Answers

The impacts of documenting bad debt expense utilising the allowance technique on the financial statement include an increase in expenses and a decrease in assets.

What Is a Cost for Bad Debt?

When a customer is unable to pay an outstanding debt owing to bankruptcy or other financial difficulties, a receivable is no longer recoverable, and a bad debt expense is recorded.

How are financial statements affected by the allowance method?

Because the allowance is a contra account, it pairs with and balances the accounts receivable account. The accounts receivable account is credited and the provision for doubtful accounts is debited in response to the discovery of a specific bad debt (which reduces the receivable asset).

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What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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identify five enterpreneur qualities that the intrapreneur has and discuss how they contributed to the success of his business​

Answers

Resolute motivation and passion. The first and foremost quality of a successful entrepreneur is passion. ...
Self-discipline. This is one of the most essential characteristics of a successful entrepreneur. ...
Risk-taking ability. ...
Creative thinking. ...
Persistence.

How many days after missing a student loan payment do your loans go into default?.

Answers

Answer:270 day past due

Explanation:

How much is renters insurance monthly?.

Answers

The Average Renters Insurance in USA is $15 to $20.

What is Insurance?

Insurance is a means of protecting against financial loss by agreeing, for a fee, to insure the other party for compensation in the event of a particular loss, damage, or injury. It's a kind of of risk management used for risk of potential or uncertain losses.

What do we mean by Renters Insurance?

Renters Insurance (also known as Tenant's insurance) protects your personal property in a rented apartment or house against unforeseen events or natural calamities such as theft, fire, tornadoes and damaged drains, and pays for lost or damaged belongings. It also helps protect yourself from liability if someone is injured on your property.

Significance of Renters Insurance?

Renters insurance protects your property against loss, damage, or destruction following burglary, fire, tornadoes, and other covered events. Additionally, renters insurance protects your liability (and your money) if someone is injured in your rental home or apartment.

What all things are covered under Renters Insurance?

Tornadoes, fire, hail, rain and snow damage (except flooding) are covered by most renters insurance policies. Floods and ground motion (earthquakes and sinkholes) are not covered by renters insurance.

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someone help me. i have no clue oml

someone help me. i have no clue oml

Answers

Answer:

Get a dice and roll it.

Explanation:

what is shareholders and can u give me an example​

Answers

Answer:

The definition of a shareholder is a person who owns shares in a company. Someone who owns stock in Apple is an example of a shareholder

Explanation:

Answer:

Someone who owns stock in Apple is an example of a shareholder.

Explanation:

Ex. 2) Cecile placed $17,000 in a 270 days term deposit earning 4.25%. How much will the bank pay Cecile on the maturity date? ETER English (United States) RAE FOCUS ng may kay may say ay may DELL

Answers

The amount that the bank will pay to Cecile at the maturity date is $17,251.25.

Given that

Cecile placed $17,000 in a 270 days term deposit earning 4.25%.

The interest earned on the term deposit is calculated using the simple interest formula which is expressed as-

I = PRT

Where;

P is the principal or the initial deposit,

R is the rate of interest as a decimal

T is the time in years.

In this case,

P = $17,000,

R = 4.25%

= 0.0425 (since the interest rate is given as a percentage), and

T = 270/365

= 0.7397 (since the time given is in days and we need to convert it to years by dividing by 365).

Hence, the interest earned, I = 17000 × 0.0425 × 0.7397

= $251.25

Therefore, the amount that the bank will pay to Cecile at the maturity date is the sum of the principal and the interest earned which is;

=$17,000 + $251.25

= $17,251.25

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energy resources, inc., operates an oil refinery near forest river, which flows into grove lake. discharging oil from the refinery into the river can result in an assessment of

Answers

Discharging oil from the refinery into the river can result in environmental damage, water pollution, legal penalties, regulatory fines, public backlash, loss of reputation, and potential harm to aquatic ecosystems and wildlife.

Discharging oil from the refinery into the river can have severe consequences for both the environment and the company. Such actions can lead to significant environmental damage, as the oil contaminates the water, affecting the aquatic ecosystem and potentially harming wildlife. Moreover, water pollution from the oil discharge can result in legal penalties and regulatory fines imposed by environmental agencies. The company may face litigation from affected parties, leading to financial liabilities and reputation damage. Public backlash and negative media coverage can further impact the company's image and customer trust. It is crucial for companies like Energy Resources, Inc. to prioritize responsible environmental practices and adhere to strict regulations to avoid such assessments and ensure sustainable operations.

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Leroux health insurance is considering changing the options in one of their health care plans (plan a) based on customer feedback that prescriptions and regular visits to the doctor are too expensive for the insured individual. how can leroux reduce the costs of regular health care without driving up the price of their health care plan? leroux health insurance plan a cost: monthly premium: $248.00 annual deductible: $5,500.00 co-pays: brand-name prescriptions $35.00 generic prescriptions $15.00 visits: primary care physician: $40.00 specialist: $60.00 urgent care: $125.00 emergency room: $325.00 a. reduce the monthly premium but increase the co-pay amounts to compensate for the lower premium. b. reduce the annual deductible, but increase the co-pay amounts so that the monthly premium can stay the same. c. reduce the co-pay amounts but increase the annual deductible so that the monthly premium can stay the same. d. reduce the co-pay amounts but increase the monthly premium to compensate for the lower deductible.

Answers

The Leroux firm can reduce the costs of regular health care without driving up the price by reduce the co-pay amounts but increase the annual deductible so that the monthly premium can stay the same.

What is a health care insurance?

This is a health insurance that provide coverage for expenses arising from health issues.

If the firm want to reduce the costs of regular health care without driving up the price of their health care plan, then, its need to reduce the co-pay amounts but increase the annual deductible so that the monthly premium can stay the same.

Therefore, the Option B is correct.

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The Answer is B

Explanation:

In your budgeting process, when should you look at recurring expenses?

after considering entertainment expenses
after your wants but before your needs
before looking at your needs
before reviewing your wants

Answers

Answer:

before reviewing your wants

Explanation:

Once the needs are accounted for, it is time to check those recurring expenses that are not considered essential, like home deliveries, internet purchases, and so on, and this check needs to be made before rewiewing your wants, which is the least essential expense category, and thus, the one that can be forgone in case your budget is not enough for it.

a restaurant server accidently spills hot soup on a customer. the manager promises that the restaurant will pay cleaning and medical bills, and instructs the serving staff to give all other customers in the dining room a free dessert. this is an example of:

Answers

The restaurant's actions of offering to pay for cleaning and medical bills and providing free dessert to other customers exemplify customer service recovery. By doing so, the restaurant aims to address the customer's needs and restore their satisfaction, while also fostering positive relationships with other patrons.

This is an example of customer service recovery. In this situation, the restaurant is taking responsibility for the accident and offering compensation to the affected customer. By promising to pay for cleaning and medical bills, the manager is addressing the immediate needs of the customer. Additionally, instructing the serving staff to provide free dessert to other customers in the dining room is a gesture of goodwill and a way to enhance customer satisfaction.

Customer service recovery is the process of resolving a customer's issue or complaint in a way that restores their satisfaction and loyalty. It is crucial for businesses to handle such situations promptly and effectively to maintain a positive reputation and retain customers. By acknowledging the mistake, apologizing, and providing compensation or additional benefits, the restaurant is showing a commitment to customer satisfaction and attempting to rectify the situation.

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ECONOMICS CHAPTER 2 SECTION 3

explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market

ECONOMICS CHAPTER 2 SECTION 3

Answers

Private property rights  and market is  in which people buy and sell resources or goods and services.

Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.

Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.

Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.

Factor market and product market-  The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.

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A builder from State A sued a homeowner from State B for breach of contract in federal court, alleging that the homeowner failed to pay the second half of the agreed-upon price for completion of construction on a house. The process server attempted to serve the summons and complaint on the homeowner at the house, but after two failed attempts, instead served it on an elderly next-door neighbor, who was out in the front yard and volunteered to accept it on the homeowner's behalf. The homeowner then filed a motion to dismiss for insufficient process. Assume that the requirements for service of process in both states are identical to the requirements of the Federal Rules of Civil Procedure. Is the court likely to dismiss the action for insufficient process

Answers

Answer:

No

Explanation:

It is very unlikely they the case is dropped for insufficient process as the scenario does not describe any defect in the documentation and writings contained in the document. The issue with the process is likely in the manner in which the document was served. This is because, the document was served to an elderly next door neighbor which in a way can allow the homeowner to file for insufficient service of process. Therefore, the homeowner will most likely fail in it's quest to have the case dropped for insufficient process based on the argument presented above.

hey hows everyone i need help with this

Answers

Answer:

thank you for the points..have a good day

mf corporation has an roe of 10% and a plowback ratio of 40%. if the coming year's earnings are expected to be $2 per share, at what price will the stock sell? the market capitalization rate is 14%

Answers

The expected stock price for MF Corporation is $12.00 per share.

To calculate the price at which MF Corporation's stock will sell, we first need to determine the company's expected dividend payout and future earnings growth rate. Since the plowback ratio is 40%, this means that 60% of the earnings will be paid out as dividends.

Dividend payout ratio = 1 - Plowback ratio

= 1 - 0.4

= 0.6 or 60%

Expected dividend per share = Dividend payout ratio x Expected earnings per share

= 0.6 x $2

= $1.20

Next, we need to determine the expected growth rate of earnings. This can be calculated using the plowback ratio and return on equity (ROE) as follows:

Expected earnings growth rate = Plowback ratio x ROE

= 0.4 x 0.1

= 0.04 or 4%

Now that we have the expected dividend payout and earnings growth rate, we can use the dividend discount model to calculate the stock price.

Stock price = Expected dividend per share / (Market capitalization rate - Expected earnings growth rate)

= $1.20 / (0.14 - 0.04)

= $12.00

Therefore, the expected stock price for MF Corporation is $12.00 per share.

It's important to note that the dividend discount model has certain limitations and assumptions, such as the assumption that the growth rate is constant and that dividends will be paid indefinitely. In reality, there may be fluctuations in the growth rate and dividends may not be paid indefinitely.

Additionally, market capitalization rate can also vary depending on market conditions and company specific factors. Therefore, investors should use multiple valuation methods and take into account qualitative factors before making investment decisions.

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on december 1, oren marketing company received $3,900 from a customer for a 2-month marketing plan to be completed january 31 of the following year. the cash receipt was recorded as unearned revenue. the adjusting entry for the year ended december 31 would include:

Answers

The adjusting entry for the year ended December 31 would include a debit to Marketing Plan Expense for $3,900 and a credit to Unearned Revenue for $3,900.

This is because on December 1, Oren Marketing Company received $3,900 from a customer for a 2-month marketing plan to be completed January 31 of the following year. As the customer's payment was received before the services were performed, it was recorded as Unearned Revenue.

At the end of the accounting period, an adjusting entry must be made to record the portion of the unearned revenue that has been earned, which is $3,900 in this case.

This adjusting entry involves a debit to Marketing Plan Expense, since the services were already performed, and a credit to Unearned Revenue to reduce the unearned balance to zero.

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Chase lives in Oregon but works for a company that is located in Florida what businesses trend is this an example of

Answers

Answer: remote workforce business trend.

Explanation:

Answer: the answer is remote workforce

Explanation:

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