Answer:
revenue recognized
2018 = $2,753,3882019 = $1,794,6922020 = $3,631,920gross profit
2018 = $693,3882019 = -$765,3082020 = -$228,080Explanation:
Percentage of 2018 2019 2020
completion method
Cost incurred in $0 $2,060,000 $4,620,000
previous year
+ Cost incurred $2,060,000 $2,560,000 $3,860,000
during the year
Total cost incurred $2,060,000 $4,620,000 $8,480,000
+ Estimated cost to $4,060,000 $3,690,000 $0
be incurred
Total estimated cost $6,120,000 $8,310,000 $8,480,000
to be incurred
Percentage of 33.66% 55.60% 100%
completion
Total revenue $8,180,000 $8,180,000 $8,180,000
Total revenue $2,753,388 $4,548,080 $8,180,000
recognized (% of completion x total revenue)
- Revenue recognized ($0) ($2,753,388) ($4,548,080)
in previous year
= revenue recognized $2,753,388 $1,794,692 $3,631,920
in current year
gain/loss 2018 2019 2020
Revenue $2,753,388 $1,794,692 $3,631,920
- Cost incurred ($2,060,000) ($2,560,000) ($3,860,000 )
Gross profit $693,388 -$765,308 -$228,080
Explain the importance of assessing one's PECs before engaging in a particular entrepreneurial activity.
Answer:
To get knowledge about business
Explanation:
Before participating in an entrepreneurial characteristics activity , it is important to evaluate one PECS so we'll have an understanding of that commercial enterprise or problem and we will know our positives and negatives. It will also enable us to determine what we're doing to enhance our features.
Mr. and Mrs. Smith, an elderly couple, had no relatives. When Mrs. Smith became ill, the Smiths asked a friend, Henrietta, to help with various housekeeping chores, including cleaning and cooking. Although the Smiths never promised to pay her, Henrietta performed the chores for eighteen months. Henrietta now claims that she is entitled to the reasonable value of the services performed. Is she correct? Explain.
Answer:
No
Explanation:
In this specific scenario, Henrietta is not correct in her claim. This is because even though she did all the work and may have proof of doing so, the Smiths never mentioned any form of payment at any time. Since this is the case, Henrietta should not have had any reason to expect payment. For Henrietta to have a claim, the Smiths would have had to create a payment contract and Henrietta would have had to agree. Even a verbal agreement of payment with an actual dollar value would have helped Henrietta make a valid claim.
Select the correct answer.
Read this excerpt from a college entrance essay:
I started a small landscaping business last summer so I could help pay for my hockey uniform and the program fees. Landscaping is hard work,
especially on hot summer days. But I enjoyed being outside and I liked earning some extra money. By the end of the summer, I doubled the
number of my clients, and I paid for new skates. So through this small venture, I glimpsed the rewards that come with being an entrepreneur
What conclusion does the writer make in this paragraph?
A Mowing lawns can be hard work, but it's worth the money earned,
OB. The experience helped the writer learn the benefits of starting a business,
OC. The writer was able to double his or her client base through hard work
The conclusion that the writer made at the end of the story is that The experience helped the writer learn the benefits of starting a business.
What is the summary of the excerpt?The writer takes the reader through the journey of how she started a business and the way she got customers for the business.
The ending of the story tells us that she looked on at the rewards she got from the act of starting the business at the end of it. Hence option B is correct.
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In a small, closed economy, national income (GDP) is $750.00 million for the current year. Individuals have spent $300.00 million on the consumption of goods and services. They have paid a total of $250.00 million in taxes, and the government has spent $400.00 millionon goods and services this year. Use this information and the national income identity to answer the questions.How much is spent on investment in this economy?
Answer:
The amount spent on investment in this economy is $50 million in the current year.
Explanation:
This small or enclosed economy can calculate its Gross Domestic Product (GDP) through various approaches. There is the income approach, the expenditures approach, and the output, value-added or production approach. They give the same results. The GDP measures all of an economy's products and services using the above mentioned approaches.
Loptech, a technology firm, wants to issue bonds for investment purposes. Loptech has one of the best credit ratings in the industry. Market rates for debt instruments average at .5% interest. Based on its credit rating, Loptech would likely sell bonds that pay _____.
0.25%
Indeterminable with current information
0.5%
0.75%
Answer:
The best option available is:
0.25%
Explanation:
Since Loptech has a great credit rating, it will pay a very low interest rate, at least lower than the average. Since the average interest rate is 5%, you should expect them to pay less than 5%. You cannot determine exactly what interest rate they will pay but if we consider the available options, the best choice is 0.25%.
Credit ratings work similarly for people and companies, e.g. the average interest rate charged by credit cards is around 14.5%, but people with very high credit scores, like 800 or so, will generally pay between 8-10% interest rates, while people with very low credit scores will pay over 20%.
Raphael is buying salad and pizza for a company lunch. Suppose that a bowl of salad costs $5.00, and a slice of pizza costs $3.00. Let E be the amount in dollars that Raphael spends on salad and pizza. If Raphael buys S bowls of salad and P slices of pizza, then the total amount of money he spends ( E ) can be represented by the equation_______________________ . Now rearrange the equation you wrote above so that P is written in terms of E and S . The quantity of pizza he buys can be represented by the equation P=E−($5.00×S)$3.00 . Suppose Raphael has $30.00 to spend on salad and pizza; that is, _________________.
Answer:
The answer is "[tex]\bold{E = \$ 5.00S+\$ 3P \ \ \ and \ \ \ E = \$ 30}[/tex]".
Explanation:
Assume that person-person C is still there. He purchases 2 things – salad (S) and pizza (P). Salad (PS) cost five dollars and pizza cost(Pp) three dollars. Let E is the cumulative dollar amount spent on both S and P by Individual C. Look for a cumulative sum of money he pays, represented by E.
Absolute spending equals the amount of good S expenses and good P expenses.
[tex]\to E = \$ 5.00S+\$ 3P[/tex]
In E and S, compose the P equation.
[tex]E=\$ 5.00 S+\$ 3P \\\\3P=E-\$ 5.00 S \\\\P= \frac{E - \$ 5.00S}{\$ 3.00}[/tex]
Therefore, the required equation is:
[tex]P= \frac{E - \$ 5.00S}{\$ 3.00}[/tex]
Person C will have $30 to spend on the goods E = $30.
f your own idea,why does a business exist.?
If F my own idea, why do Businesses exist? to get that paperrrrr
Don't take this seriously, this is a joke.
wazzi is a national clothing store chain that sells clothing to all age groups. The CEO wants to make the most of the company's advertising dollars, and feels that increasing Swazzi's investment in online advertising would provide better value. In the past, Swazzi has contracted with an outside marketing firm to place banner ads. However, Swazzi has not analyzed the data to determine whether the ads were effective.As marketing director, your job is to analyze the available data, make recommendations, and then evaluate again after your recommendations have been applied.
Incomplete question. The remaining part of the question reads;
Your first task is to analyze the existing sales data and decide how to make the most of your online advertising budget. The chart displays the cost and revenue generated by three different online ad campaigns.
Which of the following campaigns is producing the highest revenue per dollar spent?You realize that there may be another way of measuring the success of the current campaigns. Taking another look at this chart, which campaign is generating the highest number of clicks per dollar spent?Answer:
Campaign ACampaign CExplanation:
1. Based on the details provided it could be observed that campaign A is generating the most revenue per dollar spent because after dividing the revenue generated by the cost ($12000/$1250 =$9.6) we notice it is the highest revenue per dollar spent.
2. In terms of which is generating the highest number of clicks per dollar spent, Campaign C appears to be best in this regard. Consider, $1750 was spent on campaign C and it was able to generate 2000 clicks; which means that there were about 1.14 clicks per dollar spent, making it the highest amount.
What is estimated tax?
Answer:
Estimated tax is a periodic advance pre-payment of taxes based on the amount of income that is earned and the amount of estimated tax liability that will have been incurred as a result.
Assume that you are the sales manager of a soap-manufacturing company. Your supervisor has asked you to present the sales data of the various products for last quarter. You have to communicate information about the sales turnover in different zones. Which business documents will you prepare for this task and what guidelines will you follow?
Answer:
Sales data mostly contains monthly figures and will be best represented in a tabular form. I will use a word processor to create a table and enter the data corresponding to each month. To show the sales figures in different zones, I will use a bar graph. The bars in the graph will allow the audience to visualize the difference in sales figures in the different zones.
While creating the word document, I will keep the following in mind:
The report should precisely communicate only sales information.
The report should be short and brief, but also contain all the necessary information.
The report should be directed at a particular set of team members.
The report should contain visual aids to help explain the statistics.
Explanation:
plato/edmentum's sample answer
Adrienne is part of the senior management team at a company in which ____________ since her appointment __________ both morale and client-satisfaction have dramatically improved. Among her driving principles are the idea that people work better when they are both motivated and empowered to reach their goals, that each team member must contribute fully, and that when she has to make a key decision, everyone knows why she is making it. She is a useful example of how __________ works.
Answer:
improvements were clearly evident; as; democratic leadership style
Explanation:
What this means is that;
"Adrienne is part of the senior management team at a company in which improvements were clearly evident since her appointment, as both morale and client-satisfaction have dramatically improved. Among her driving principles is the idea that people work better when they are both motivated and empowered to reach their goals, that each team member must contribute fully, and that when she has to make a key decision, everyone knows why she is making it. She is a useful example of how democratic leadership style works."
Note, a democratic leadership style is one in which the manager or leader allows participation from his subordinates; in other words, it is a participative form of leadership.
Which of the following is one of the basic functions of government
accountants?
A) Government accountants file tax returns for government agencies.
B) Government accountants purchase equipment for Congress.
C) Government accountants keep track of how government agencies use taxpayers money.
D) Government accountants create businesses laws and regulations.
Answer: A) Government accountants file tax returns for the government agencies.
Answer:
D
Explanation:
7. Why do you think the graduation and retention rates for your selected colleges are displayed at the bottom of
the SAR? How might that information impact your college selection process?
Please I need help I speak little English
Answer:
It is on the bottom so you can compare the graduation and retention percentages all together and choose one together.
Explanation:
Because what if the college you want has low graduation rates, that would be bad for you, so by including it on the bottom, you calook at them all together and choose the best for you.
The graduation and retention rates are displayed at the bottom of the Students Aid Report in order to
The Students Aid Report refers to the document that gives a student the basic information that will be vital on knowing the eligibility for the Federal financial aid.The graduation rate is important as it helps the student to know the quality of the school. It is also vital as it helps the person in knowing the number of students who finish their degrees as at when due.With the graduation and retention rates for the colleges displayed at the bottom of the Students Aid Report, students can make right choices about the schools.In conclusion, with the above information, the student can then choose the best school that he believes will be good for him or her.
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If the U.S. dollar is strong, foreign imports are
A. strong
B. more expensive
C. less expensive
D. weak
Answer:
C
Explanation:
got right
Foreign imports are less expensive since the U.S. dollar is strong. So, the right answer is (C).
What are Foreign Imports?Imports are products and services that are purchased by businesses, governments, and individuals from outside the country. Neither the nature nor the method of the imports matters.
You can send them, email them, or even carry them on a plane in your hand luggage. They qualify as imports if they are made abroad and offered for sale to consumers here.
There are imports of even tourism-related goods and services. All mementos from your vacation that you purchase while traveling outside the country are imported.
A nation has a trade deficit if its exports are more than its imports. A trade surplus is produced when an economy imports less than it exports. If a nation has a trade imbalance, it must borrow money from other nations to cover the additional costs.
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Lovely lawns, inc., intends to use sales of lawn fertilizer to predict lawn mower sales. The store manager estimates a probable six-week lag between fertilizer sales and mower sales. The pertinent data are: period fertilizer sales (tons) number of mowers sold (six-week lag) period fertilizer sales (tons) number of mowers sold (six-week lag) 1 1.6 10 8 1.3 7 2 1.3 8 9 1.7 10 3 1.8 11 10 1.2 6 4 2.0 12 11 1.9 11 5 2.2 12 12 1.4 8 6 1.6 9 13 1.7 10 7 1.5 8 14 1.6 9
a. Determine the correlation between the two variables. Does it appear that a relationship exists between these variables will yield good predictions
Answer:
correlation between variables (r) = 0.959 and this signifies a positive relationship between the variables
Explanation:
A) Determine the correlation between the two variables
we have to apply simple Linear regression ( least square method )
attached below is the table
Regression equation ( y ) = a + bx
y = dependent variable ( mower )
x = independent variable ( fertilizer)
a = intercept point ( y axis and regression line )
b = slope ( regression line )
From the attached table
N = 14 , Σ x = 22.8,
Σy = 131, Σy^2 = 1269,
Σx^2 = 38.18, (Σx)^2 = 519.84
Σxy = 219.8, (Σy)^2 = 17161
correlation between variables (r) = 0.959 and this signifies a positive relationship between the variables
Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. Their company, which includes TJ Soft stores, is looking for opportunities in the future that include international operations. A foreign company wants to be able to copy and manufacture TJ Soft programs and sell them in its stores. What would be an appropriate approach for them to use?
Answer: Foreign Subsidiary
Explanation:
A foreign subsidiary is a company which operations overseas is part of a larger corporation with headquarters in another country, they are often referred to as a parent company or a holding company.
in this case the foreign company looking to sell TJ soft products would approach them as a foreign subsidiary of TJ, so they can be licensed to sell and market TJ soft products overseas.
PLEASE HELP ME WITH THIS! Identify the ways of talking during a group discussion that are cooperative or create conflict.
I don’t think I agree.
Could you explain?
Wow! That sounds dumb.
Let's ask what everyone
feels about this.
I understand how you feel,
but I’d like you to consider
a different perspective.
You’re not making any
sense right now.
Answer:
I understand how you feel,
but I’d like you to consider
a different perspective.
Explanation:
i hope this helps :)
Answer:
Drag each label to the correct category.
Identify the ways of talking during a group discussion as either cooperative or conflict-creating.
I don't understand
what you’re saying.
Could you clarify?
Your perspective is
limited.
So you can't
see the truth.
I understand what
you mean, but let's
ask if everyone feels
the same way.
I am open to your
views, but would
you mind considering
my perspective as well?
What I say is right
because I have proof.
Do you still
want to argue?
Explanation:
Nasty Break-Up. Harold wants to purchase a lot next door to Sarah's home that is owned by Sarah. Harold knows Sarah will not sell the lot to him because they dated in the past and had a nasty break-up. Harold agrees with Alice that Alice will purchase the lot from Sarah for him. Alice and Sarah reach an agreement and enter into a contract whereby Sarah is to sell the lot to Alice for a price within the scope of Alice's authority. Alice tells Sarah nothing about her plan to later transfer the lot to Harold. Before title to the lot is transferred to Alice, Harold tells Alice that he no longer wants the lot. Alice tells Sarah about Harold. Sarah tells Alice that as far as she is concerned, Alice has bought the lot. Sarah says that she plans to move anyway and really does not care whether Alice or Harold ends up with the lot. She just wants her money. What type of principal is Harold?
Answer:
Harold should be considered an undisclosed principal.
Explanation:
Basically Alice hid Harold's identity from Sarah, and she negotiated the purchase of the lot pretending to be the principal herself. Sarah was convinced that Alice was purchasing the lot for herself and not on behalf of someone else.
In this case, Alice is in trouble because she is personally bound on the contract with Sarah, and she doesn't seem to want the lot.
Definition of Diversification-
Answer:
the action of diversifying something or the fact of becoming more diverse
Explanation:
Select the correct answer.
A consumer wants to buy a refrigerator. What sort of product is this?
A. shopping
B. unsought
C.
specialty
D.
convenience
Reset
Answer:
i believe it is c
Explanation:
Which situations offer examples of Banking and Related Services workers? Check all that apply.
Anna analyzes loan applicants to decide whether to give them loans.
Aaron helps customers put money into and remove money from their accounts.
Jared researches the credit history of people applying for credit.
Tamara reviews the finances of a business to determine whether it is profitable.
Raquel helps individuals and companies prepare their tax forms.
Troy helps a family create a budget to save more money.
Anna provides loan applicants to decide to give them loans, put money into and remove money from their accounts and Jared researches the credit history, hence options A, B and C are correct.
What are Banking and Related Services workers?The five most significant banking services include checking and savings accounts, loan and mortgage services, wealth management, issuing credit and debit cards, and overdraft services.
An individual who works for a bank and assists customers with standard financial transactions is known as a bank teller or bank clerk.
They do daily tasks that include processing withdrawals, making deposits, and giving customers of bank money orders or cashier's checks.
Therefore, these services also comprise analysis loan applicants with basic features and a device for utilizing the account (such as a debit card and online banking ID), hence options A, B, and C are correct.
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Answer:here the answer for this question
Explanation:edge2023
Which emotion is an employee most likely to communicate to a customer on the telephone if the employee begins to talk more quickly and loudly in response to the customer's questions? o encouragement O satisfaction O impatience O clarity
Answer:
Impatience
Explanation:
The employee speaking faster is telling the customer that they are in a hurry.
if the employee begins to talk more quickly and loudly in response to the customer's questions It will make customer feel impatience . Hence option C is correct .
What is Impatience talk ?It is impatience because this feeling exhibits signs like speaking loudly and fast to convey that your message is obvious but also that you are weary of discussing anything at the same time.
When someone is impatient, they lose patience and start speaking quickly to finish anything they first feel they have repeated or that they just don't want to say.
How to talk with your Customer ?You must always keep a professional attitude and manner when dealing with clients. Not just what you say, but also how you say it and how you carry yourself are part of this. Without the appropriate subtlety and business etiquette, communicating with a client could result in your firm losing business. discovering
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# SPJ 6
what is an economic and non economic activity explain me in short and give one example each
Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.
Explanation:
Ben and Molly are married and will file jointly. Ben generates $300,000 of qualified business income from his single-member LLC (a law firm). He reports his business as a sole proprietorship. Wages paid by the law firm amount to $40,000; the law firm has no significant property. Molly is employed as a tax manager by a local CPA firm. Their modified taxable income is $381,400 (this is also their taxable income before the deduction for qualified business income). Determine their QBI deduction for 2019.
Answer:
$14,400
Explanation:
QBI deduction can be as much as 20% of QBI but it cannot exceed 20% of taxable income before QBI deduction and/or capital gains.
QBI deduction also starts to phase out if the couple's income is higher than $321,400 (for 2019).
phase out = 1 - [($381,400 - $321,400) / $100,000] = 1 - 0.6 = 40%
we must choose the higher between:
tentative QBI deduction based on W-2 wages = 50% x $40,000 x 40% = $8,000
or
QBI deduction based on capital investment limit = (25% x $40,000 x 40%) + $0 (no qualified property) = $4,000
allowable QBI deduction:
($300,000 x 20% x 40%) - {[($300,000 x 20% x 40%) - $8,000] x (1 - 40%)} = $24,000 - [($24,000 - $8,000) x 0.60] = $24,000 - $9,600 = $14,400
which is greater 50.671 or 50.067 I need them for the state test tomorrow !!!
Answer:
50.671 is greater than 50.067
Answer:
50.671
Explanation:
50.671 is greater because of the decimal .671
the reason 50.067 isn't is because .067 is literally 1/10 of .671
The FHA was designed to pay off mortgage insurance for homes that were going into foreclosure.
True
False
Answer:
TRUE FHA meaning federal housing administration
Use this formula to help solve the problem. break-even point = P+V*Q+F=S*Q
Assume that at one point a business sells cameras for a price of $20 each, which cost $10 to produce (variable costs). The business's fixed expenses for the period are $2,000. What is the break-even point?
A). 400 units
B).100 units
C). 300 units
D). 200 units
Entrepreneurship PLZ HELP
Answer:
D). 200 units
Explanation:
As per contribution margin concepts, the break-even point is calculated using the formula.
Break-even point = fixed costs/Contribution margin per unit.
fixed cost is $2,000
Contribution margin per unit = sales price-variable costs
= $20- $10 = $10
Break-even point = $2000/10
=200 units
Answer:
200 Units was correct on my test (Edge)
Explanation:
All of the following are examples of secondary types of data except:
A. U.S. Census data
B. Consumer Reports
C. test market
D. Rotten Tomatoes (movie reviews)
Scenario 1
For years, a small country has been plagued with annual measles epidemics. Its government works with
scientists from around the world to distribute a vaccine to the vast majority of citizens in all parts of the nation.
Within a few months, workers return to their jobs and children return to school.
Scenario 2
In a neighboring country, most girls have attended school on a regular basis until the age of 12. The recently
elected president, however, has just announced his intention to increase the age of mandatory schooling for girls
to 16. As a result, a major foreign electronics producer announces its intention to open a factory in the country
within five years.
How have these two governments used investment in human capital to increase economic growth in their countries?
Answer:
The first country invested in health care. It eradicated an epidemic that was weakening its present and future workforce. Its investment was successful because it made people productive again. The second country recognized the potential for productivity in young girls. By taking steps to train and educate them, the government made them eligible for quality employment. The second country’s investment was successful because it strengthened its workforce and attracted foreign investment.
Explanation: sample answer
Answer:
The first country to make a health care investment. It eliminated a disease that was harming its workers both now and in the future. Its investment was successful because it restored productivity among its beneficiaries. The second counntry acknowledged young girls' potential for productivity. The government prepared and educated them in order to give them access to high-caliber employment. The investment in the second country was successful because it boosted its workforce and attracted outside the capital.
Explanation:
Edmentum Sample answer but worded differently :)