Green co. has two long-term construction contracts. one contract, with blue co., qualifies for revenue recognition while the performance obligation is being satisfied. the other contract, with red co., does not qualify for revenue recognition until the performance obligation is fully satisfied. for either of these two contracts, what account would be debited when preparing the journal entry to record billings
Answers
When preparing the journal entry to record billings for either of the two long-term construction contracts of Green Co., the account that would be debited is "Accounts Receivable" or "Contract Receivable" depending on the type of contract. This is because billings represent amounts that are owed by the customer and are recorded as a receivable until they are collected.
It can be explained as follows:
1. Identify the contracts: Blue Co. (revenue recognized over time) and Red Co. (revenue recognized at completion).
2. Determine the account to be debited: In both cases, Green Co. is billing the customers, so the company is expecting to receive payment in the future.
3. Debit the Accounts Receivable account: As Green Co. bills its customers, it records the amount it expects to receive as an increase in its Accounts Receivable account by debiting it.
Please note that the revenue recognition method for each contract will impact the credit side of the journal entry, but the debit side remains the same (Accounts Receivable) for both contracts.
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Related Questions
What differentiates one outsourced service from another?
Answers
Outsourced services are a popular option for businesses seeking to decrease costs and increase efficiency. Organizations usually outsource a range of services from technology to customer service. The differentiation between one outsourced service from another can be in terms of the following:
Quality of service: The quality of service offered by outsourcing companies differ. Some provide high-quality services while others may not meet the company's standards of quality. Price: Outsourced services prices differ and are influenced by the company's country of origin, the type of service, and the level of service offered.
Some services may be expensive while others may be cheap. Expertise and Specialization: Outsourcing firms specialize in different areas, such as technology or customer service, or particular industry sectors. Outsourcing firms can vary in terms of their ability to provide customized and unique solutions to a company's needs.
Geographical Location: Location of the outsourcing firm is also a factor to consider. Businesses should consider time zone, cultural, and language barriers, as well as political and economic factors when selecting an outsourcing partner. The location of the outsourcing firm can impact service quality and efficiency.
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18.Scalping and other black market activities arise whena.the prices of goods are allowed to adjust to their equilibrium levels.b.the quantities of goods demanded and supplied are allowed to adjust to their equilibrium levels.d.the prices of goods are restricted to levels below equilibrium prices.Background image
Answers
Scalping and other black market activities arise when d.the prices of goods are restricted to levels below equilibrium prices.
What is Scalping?Scalping is a trading strategy that focuses on generating money off of small price swings and quickly selling back at a profit. Scalping calls for a tight exit strategy because one big loss could wipe out all of the modest wins the trader has worked so hard to achieve.
Scalping, in the sense of arbitrage, is a kind of trading where traders attempt to open and close positions in markets like foreign exchange and securities in incredibly little periods of time with the goal of gaining a modest profit from the trades.
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what is VAT number?why we need this?
Answers
Answer:
what is a vat
Explanation:
If the Retained Earnings balance at the end of year three is $1,000, what was the total amount of dividends paid over these three years
Answers
Based on these scenarios, the total amount of dividends paid over the three years could be between $4,000 and $14,000. The exact amount will depend on the actual net income for each year.
The Retained Earnings balance at the end of year three is $1,000. We need to find out the total amount of dividends paid over these three years. In order to find the total amount of dividends paid over these three years, we will use the formula: Dividends Paid = Net Income - Retained Earnings
Since Retained Earnings at the end of year three is $1,000, we know that this amount comes from net income minus dividends paid over the three years.
Therefore, Dividends Paid = Net Income - Retained Earnings= Net Income - $1,000
Since we do not have any information about net income, we cannot calculate the exact amount of dividends paid. However, we can provide a possible range of values for dividends paid based on different net income scenarios.
Let's assume that the net income over the three years was $5,000, $10,000, and $15,000 respectively.
Then, using the formula above, we get:
Dividends Paid = Net Income - $1,000= $5,000 - $1,000 = $4,000 (minimum possible dividends paid)= $10,000 - $1,000 = $9,000 (medium range of dividends paid)= $15,000 - $1,000 = $14,000 (maximum possible dividends paid)
Based on these assumptions, the total amount of dividends paid over the next three years might range between $4,000 and $14,000. The precise amount will be determined by the actual net income for each year.
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How does Ana spend her time in seedfolks?
Answers
Answer:
B
Explanation:
Got it right on edg 2020
When planning the project, it is important to
Answers
Project planning plays an essential role in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.
In brief, project management objectives are the successful development of the project's procedures of initiation, planning, execution, regulation and closure as well as the guidance of the project team's operations towards achieving all the agreed upon goals within the set scope, time, quality and budget standards.
¿Por que se debe generar alianzas con proveedores y clientes para cuidar el medio ambiente?
Ayuda
Answers
Answer:
las alianzas se convierten en estrategias para generar mayor beneficio y crear valor social en diversos problemas del ambito social y ambiental, las cuales aportan a nuevas soluciones o pequeñas ayudas para aquellos problemas.
Explanation:
Se deben crear alianzas con proveedores y clientes para cuidar el medio ambiente con el fin de generar mayor valor y posicionamiento para una organización.
Actualmente, existe una mayor demanda social para que las empresas se conviertan en agentes activos de promoción y desarrollo social y ambiental.
Las empresas que desarrollan un programa de gestión ambiental son, por tanto:
más valoradas por sus consumidores, atraen más inversiones, se vuelven más competitivas y posicionadas en el mercado.Por lo tanto, desarrollar alianzas con grupos de interés con una propuesta de protección ambiental será positivo para que una empresa sea más valorada y reconocida como una empresa que se preocupa por las demandas de la sociedad.
Los programas ambientales también promueven la motivación y la mejora continua de los procesos organizacionales.
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Jill bought 100 shares of stock at $12.44 per share and sold them for $13.11 per share. Her ROI was ____%. (Round percentages to one decimal place.)
Answers
Answer:
5.4%
Explanation:
Return on investment is a ratio expressing the income as a percentage of invested capital.
The formula for ROI= Net Income / Cost of Investment
in this case
net income = Shares selling price - Buying price
net income= ($13.11 x 100) - ($12.44 x 100)
net income = $1311 - $1244
net income =$67
ROI =$67/1244 x 100
ROI=0.053 x 100
ROI= 5.4%
Select all that apply On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropriate year-end adjusting entry was made. On January 30, the note was honored and paid in full. The entry to record receipt of payment on January 30 (assuming no reversing entry was made) would include a credit to: (Check all that apply.) Multiple select question. Notes Receivable for $1,000. Cash for $1,010. Interest Revenue for $5. Interest Revenue for $10. Interest Receivable for $5.
Answers
Answer:
Notes Receivable for $1,000. Cash for $1,010. Interest Revenue for $5. Interest Receivable for $5.
Explanation:
The journal entry to record the receipt of the payment is shown below:
Cash Dr $1,010
To Interest receivable $5 ($1,000 ×6% × 30 days ÷ 360 days)
To Interest revenue $5
To Note receivable $1,000
(being the receipts is recorded)
here cash is debited as it increased the assets and credited the interest receivable, interest revenue and note receivable as it increased the assets and revenue accounts
What are the different forms of money?
A is the form of money that came into existence because of goldsmiths’ receipts. B is the latest form of money, declared as legal tender by central governments.
A.
-Bankers' deposit
-Currency
-Online banking
B.
-Deposit money
-Currency
-Online banking
Answers
B is the answer -depoist money
-currency
- online banking
Answer:
paper money
fraction paper money i for got what the test said but its not metallic money
Explanation:
Option A requires eight years of higher education and $80,000, while option B
requires four years of higher education and $45,000. Option B requires
time and
money
Answers
Answer:
A less,less
Explanation:
because option A requires 8 year of higher education and $80,000. but option B only requires four years of higher education and $40,000
Option A requires eight years of higher education and $80,000, while option B requires four years of higher education and $45,000. Option B requires less time and less money because option A requires 8 years of higher education and $80,000 but option B only requires four years of higher education and $40,000. Thus, option 'A' is the correct option.
What do cost and time effective mean?Business managers must deal with two fundamental issues: time and expenses. These two topics have a lot in common. For instance, you can incur a fee and an increase in costs if you miss a deadline. Similarly to this, if money is tight you could feel pressured to finish a project sooner in order to cut down on labour costs. Thus, managing time and expenditures concurrently provide several advantages for your company.
When practising time and cost management, it is frequently impossible to complete all of the original recommendations. You eventually learn to set priorities and choose which initiatives are worthy of your time, money, and attention. You must discover strategies to improve your efficiency if you want to accomplish more with the money and time you have available.
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The income earned by whoever has the right to import the good at the world price and sell it in the domestic market at the higher quota price is: Multiple choice question. quota rent. economic profit. trade rent. accounting profit.
Answers
Answer: quota rent
Explanation:
critique the following vision statement by stokes eye clinic: ""our vision is to take care of your vision.""
Answers
The vision statement of Stokes Eye Clinic, "Our vision is to take care of your vision," has some positive elements but could benefit from improvements to make it more compelling and informative.
The statement is concise and easy to remember, and it showcases the primary focus of the organization - vision care. It also establishes a direct connection with the target audience, highlighting the clinic's commitment to meeting their needs.
However, the statement lacks specificity and may not effectively differentiate Stokes Eye Clinic from other eye care providers. A good vision statement should be unique, and inspiring, and provide a clear sense of direction for the organization's future. In its current form, the statement does not reveal any distinct attributes or aspirations that would set the clinic apart from its competitors.
Additionally, the vision statement could benefit from a more forward-looking perspective. By incorporating long-term goals or aspirations, the clinic can demonstrate a commitment to continuous improvement and growth, thus inspiring trust and loyalty from its patients.
To enhance the vision statement, Stokes Eye Clinic could consider incorporating elements such as advanced technology, exceptional patient care, or innovative approaches to eye health. For example, a revised vision statement might read: "Our vision is to revolutionize eye care through innovative treatments and unparalleled patient experiences, ensuring a lifetime of clear vision for our community."
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If a business follows an "opt-in" policy for handling personal data, information about a customer ____. O may not be released unless the customer gives permission. O may be released for any legitimate business purpose. O may be released unless the customer requests that the information be kept private. O may not be released under any conditions.
Answers
If a busi-ness follows an "opt-in" policy for hand-ling personal data, inform-ation about a customer may not be relea-sed unless the customer gives permission.
What does opt-in mean in business?An opt-in pro-cess requires the user to act-ively subscribe to receive emails or news-letters by providing their email add-ress and some-times their name and other personal inform-ation. 'Opt-in' consent means that you ask for some-one's consent or permission before you use their data for mark-eting.
Opting in me-ans that a user will take an affirm-ative action to offer their con-sent. The most common way busi-nesses imple-ment opt-in methods is through check-boxes. When presented with a checkbox, the user must take act-ion to check the box, which de-notes their con-sent.
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The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answers
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
What kind of tax system does the United States use?
Answers
Answer:
It's 100% progressive tax system
Explanation:
I don't know what these people are on
How does the WTO promote global free trade?
A. By helping developing countries build their infrastructure
B. By enforcing strict banking regulations C. By creating multilateral trade agreements
D. By providing loans for sustainable development
Answers
Answer:
C. By creating multilateral trade agreements
Explanation:
The WTO's main aim is to promote free trade by lowering tariffs and other barriers. It does this through agreements negotiated and signed by most of the world's trading nations. And when member countries don't play by the agreed rules, the WTO can impose trade sanctions against them.
Answer:
C. creating multilateral trade agreements
Explanation:
i got it right on my quiz
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Since the card has $0 minimum payments for the first 4 years it is active, emma wonders how much it will cost her if she doesn't pay off the $300 balance until after college. How much will she owe in 4 years? type the correct response in the box. Use numerals instead of words. Round your answer to the nearest dollar.
Answers
Option 4 is Correct. Emma will have $544.61 in credit card debt after four years.
Emma wonders how much it will cost her if she waits to pay off the $300 balance until she graduates from college given that the card has $0 minimum payments for the first four years it is active. In four years, how much will she owe? In the box, type the appropriate response. Use numbers rather than words. Answers should be rounded to the closest dollar.
The following is the model for Emma's debt in 4 years:
FV = P(1+r/n)^nt,
where:
P = principal ($300)
r = the interest rate (15%)
t = the time in years (4 years)
n = the number of interest per year (12)
Data and Calculations:
N (# of periods) = 48 (4 x 12 months)
I/Y (Interest per year) = 15%
PV (Present Value) = $300
PMT (Periodic Payment) = $0
P/Y (# of periods per year) = 12
C/Y (# of times interest compound per year) = 12
Results:
FV = $544.61
Total Interest = $244.61
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Complete Question:
Emma doesn't have experience using credit cards. In fact, she just got her first one. She is also about to start her first year of college. She uses her new credit card to purchase textbooks for her classes. The total comes to $300. These are the terms of her credit card:
1. It has a 15% annual interest rate.
2. The interest is compounded monthly.
3. The card has $0 minimum payments for the first four years it is active.
4. Thus, in 4 years, Emma will owe $544.61 to the credit card company.
Which of the following fosters specialization and worldwide supply chains? O A. more expensive transportation OB. high trade tariffs OC. managers with a broad knowledge of many things D. economies of scope O E. instant communication
Answers
Instant communication has revolutionized the way businesses operate and has facilitated the development of specialized supply chains across the world.
With instant communication, businesses can communicate and coordinate with suppliers, manufacturers, and distributors in real-time, regardless of their location. This enables businesses to take advantage of cost savings and other benefits associated with specialization and economies of scale. For example, a business can manufacture a product in one country, source raw materials from another, and sell the final product to customers worldwide, all while coordinating the entire process through instant communication.
On the other hand, more expensive transportation and high trade tariffs can hinder the development of global supply chains by making it more costly to transport goods and limiting the flow of goods across borders. Managers with broad knowledge of many things may be helpful in some contexts, but they are not necessarily related to fostering specialization and supply chains. Economies of scope, which refer to the cost savings that result from producing multiple products using the same resources, may be a factor in supply chain development but are not as significant as instant communication.
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A product price searcher (monopolist, oligopolist, or monopolistic competitive firm) will hire more factor units as long as:_________
Answers
A product price searcher (monopolist, oligopolist, or monopolistic competitive firm) will hire more factor units as long as the marginal revenue product of the factor unit is greater than or equal to the factor unit's wage rate.
A product price searcher, whether a monopolist, oligopolist, or monopolistic competitive firm, will hire more factor units as long as the marginal revenue product (MRP) of the factor is greater than or equal to the factor's wage rate.
The marginal revenue product (MRP) represents the additional revenue generated by employing an additional unit of a factor of production, such as labor. It is calculated by multiplying the marginal product of the factor (MP) with the marginal revenue (MR) from selling the additional output produced.
If the MRP is greater than or equal to the wage rate, it means that the additional revenue generated from hiring an extra unit of the factor is sufficient to cover the cost of hiring that unit. In this case, hiring more factor units would be profitable for the firm, and it would have an incentive to do so.
However, if the MRP falls below the wage rate, it implies that the additional revenue generated from hiring an extra unit of the factor is less than the cost of hiring that unit. In such a situation, the firm would not find it profitable to hire additional factor units and may choose to reduce its factor inputs instead.
Therefore, a product price searcher will hire more factor units as long as the marginal revenue product of the factor is greater than or equal to the factor's wage rate.
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At the beginning of the recent period, there were 1,500 units of product in a department, 35% completed. These units were finished and an additional 7,000 units were started and completed during the period. 1,600 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:
Answers
Answer:
the equivalent units produced by the department is 8,900 units
Explanation:
The computation of the equivalent units produced by the department is shown below:
= Started & completed units + beginning units + 25% of ending units
= 7,000 units + 1,500 units + 1,600 units × 25
= 7,000 units + 1,500 units + 400 units
= 8,900 units
Hence, the equivalent units produced by the department is 8,900 units
What does a company do during the post-IPO stage?
a)uses proceeds to expand
b)sells stock to the public
c)files paperwork with the government
d)seeks financing from an angel investor
Answers
Answer:
A.Uses proceeds to expand.
Explanation:
Which factor would be most likely to lead to an unsuccessful IPO?
a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Click the icon to view some finance formulas. a. The value of the annuity is $ (Do not round until the final answer. Then rount to the nearest dollar as needed.)
Answers
The value of the annuity is $6,288.95, and the interest is $1,288.95.
To find the value of an annuity, you can use the formula:
V = P * [(1 + r)^n - 1] / r
Where:
V = value of the annuity
P = payment amount per period
r = interest rate per period
n = number of periods
To find the interest, you can use the formula:
Interest = V - (P * n)
Let's say you have an annuity where the payment amount per period is $500, the interest rate per period is 0.05 (or 5%), and the number of periods is 10.
a. Using the formula for the value of the annuity:
V = 500 * [(1 + 0.05)^10 - 1] / 0.05
Simplifying the equation, we get:
V = 500 * [1.628894626777 - 1] / 0.05
V = 500 * 0.628894626777 / 0.05
V = 628.894626777 * 10
V = $6,288.95
b. Using the formula for the interest:
Interest = 6,288.95 - (500 * 10)
Interest = 6,288.95 - 5,000
Interest = $1,288.95
Therefore, the value of the annuity is $6,288.95, and the interest is $1,288.95.
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One problem in relying on price elasticity and demand curves when setting prices is the way a product or service is marketed can have a profound impact on price elasticity. the underlying ideas of the demand curve and elasticity are less relevant in the modern economy. only economists can properly analyze demand curves and set prices using this tool. competitors can construct the same demand curves, so there is no advantage in using them. marketing split from economics over the ideas of demand and elasticity.
Answers
Answer: the way a product or service is marketed can have a profound impact on price elasticity.
Explanation:
What determines the prices of the market is the demand, this affects the price elasticity. Price elasticity and demand curves are the result of various factors, and in most scenario they determine the pricing factor in the market.
One problem in relying on price elasticity and demand curves when setting prices is the way a product or service is marketed can have a profound impact on price elasticity.
A price-discriminating company can attract more customers by _____ price, as long as _____.
Answers
Answer:
The answer is reducing; the price is above its marginal cost
Explanation:
A price-discriminating company can attract more customers by reducing price, as long as the price is above its marginal cost.
5. Consider the markets below. Summarize and show on a fully labeled S/D diagram what happens, all else equal, what
happens if the mentioned events occur. Be sure to indicate which curve changes, how it changes, why it changes and
what the effect is on P* and Q*. If the determinant (reason why) has a subcategory, be sure to name both the
determinant AND the subcategory involved. Start grey pencil/black pen, shifting curve changes color to blue.
a. Market for gasoline, all else equal, new oil reserves found in easily accessible fields in the US greatly reduce the
cost of crude oil.
b.
d.
c. Market for operating system software (i.e. Windows 11), all else equal, the price of computers increases.
Market for electric vehicles all else being equal, consumer marketing for electric vehicles becomes much more
effective in persuading people to ditch gasoline/diesel fueled vehicles.
Market for tropical fruit, all else equal, costs of labor, fertilizer and pesticides increase in countries that produce
tropical fruit.
Answers
Market for Home Computer Equipment: A pandemic requires a large number of people to work remotely from home.
What happens to the market for home computer equipment when a pandemic requires remote work?When a pandemic requires a large number of people to work remotely from home, the demand for home computer equipment increases. This shift in demand is due to the increased need for individuals to have their own personal computers and accessories to effectively carry out their work tasks from home.
As a result, the demand curve for home computer equipment shifts to the right, indicating a higher quantity demanded at each price level. This leads to an increase in both the equilibrium price (P*) and the equilibrium quantity (Q*) of home computer equipment in the market.
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A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.
testamentary
living
irrevocable
revocable
Answers
Answer:
testamentary trust is the answer.
Answer: hello, your answer would be TESTAMENTARY
Explanation:
i just finished the test and got it right
What type of function does a project management tool have that a task management tool does not?
Answers
The type of function does a project management tool have that a task management tool does not use is commenting.
Software designed to help project teams plan, monitor, and manage projects so that project objectives are met on schedule is referred to as project management tools. It also helps team members collaborate effectively and move projects along quickly to meet deadlines.
Project managers use Microsoft Project to create timelines, project plans, manage resources, and keep track of time. It has tools for project management specialists, like kanban boards and Gantt charts.
Your engineering team can monitor each project thanks to this project management application.
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Assume that Product Z is made of two units of A and four units of B. A is made of three units of C and three of D. D is made of three units of E
Lead times for purchase or fabrication of each unit to final assembly are: Z takes two weeks; A, B, C, and D take one week each; and E takes three weeks.
Sixty two units of Product Z are required in Period 10. (Assume that there is currently no inventory on hand of any of these items.)
b. Develop an MRP planning schedule showing gross and net requirements and order release and order receipt dates. (Leave no cells blank - be certain to enter "0" wherever required.)
Answers
This MRP planning schedule outlines the gross and net requirements for each item, as well as the planned order release and order receipt dates, based on the lead times provided.
To develop an MRP (Material Requirements Planning) planning schedule, we need to calculate the gross and net requirements, as well as determine the order release and order receipt dates for each item in the product structure. Given the information provided, we can construct the MRP planning schedule as follows:
Period Item Gross Req. Scheduled Receipts Net Req. Planned Order Release Planned Order Receipt
10 Z 62 62 0
9 A 124 62 62 2 2
9 B 248 62 186 4 4
8 C 372 124 248 4 4
8 D 372 124 248 4 4
5 E 372 124 248 9 9
Period 10: The gross requirement for Z is 62 units. Since there is currently no inventory, the net requirement is also 62 units. No planned order release or order receipt is necessary since Z takes two weeks to manufacture and Period 10 is the current period.
- Period 9: The gross requirement for A is twice the net requirement of Z from Period 10 (62 * 2 = 124 units). The scheduled receipt is 62 units, which will be received in Period 10. The net requirement is 62 units, and therefore a planned order release and order receipt of 2 units are scheduled for Period 9.
- Period 9: The gross requirement for B is four times the net requirement of Z from Period 10 (62 * 4 = 248 units). The scheduled receipt is 62 units, which will be received in Period 10. The net requirement is 186 units, and therefore a planned order release and order receipt of 4 units are scheduled for Period 9.
Period 8: The gross requirement for C is three times the net requirement of A from Period 9 (124 * 3 = 372 units). The scheduled receipt is 124 units, which will be received in Period 9. The net requirement is 248 units, and therefore a planned order release and order receipt of 4 units are scheduled for Period 8.
Period 8: The gross requirement for D is three times the net requirement of A from Period 9 (124 * 3 = 372 units). The scheduled receipt is 124 units, which will be received in Period 9. The net requirement is 248 units, and therefore a planned order release and order receipt of 4 units are scheduled for Period 8.
Period 5: The gross requirement for E is three times the net requirement of D from Period 8 (248 * 3 = 372 units). The scheduled receipt is 124 units, which will be received in Period 9. The net requirement is 248 units, and therefore a planned order release and order receipt of 9 units are scheduled for Period 5.
This MRP planning schedule outlines the gross and net requirements for each item, as well as the planned order release and order receipt dates, based on the lead times provided.
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