The correct ranking of the four basic market structures from low HHI to high HHI is a. perfect competition, oligopoly, monopolistic competition, monopoly. b. perfect competition, monopolistic competition, oligopoly, monopoly.
c. monopoly, oligopoly, monopolistic competition, perfect competition. d. monopoly, monopolistic competition, oligopoly, perfect competition.
Answers
The correct ranking of the four basic market structures from low HHI to high HHI is perfect competition, monopolistic competition, oligopoly, and monopoly.
Market structures refer to the characteristics and behavior of firms in a particular industry. The Herfindahl-Hirschman Index (HHI) is a measure of market concentration that reflects the degree of competition within a market. A low HHI indicates a more competitive market, while a high HHI signifies less competition.
Perfect competition has the lowest HHI because it consists of many small firms with no market power. Monopolistic competition follows, with slightly higher concentration due to product differentiation. Oligopoly represents a higher HHI, as a few large firms dominate the market. Finally, monopoly has the highest HHI, as there is a single dominant firm with complete market control.
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Related Questions
Lynnwood, Inc. had a retained earnings balance of $12,000 on April 1, and the company had the following transactions during April. Issued common stock for cash, $5,000. Provided services to customers on account, $2,000. Provided services to customers in exchange for cash, $1900. Purchased equipment and paid cash, $4,300. Paid April rent, $800. Paid employees' salaries for April, $700. What was Lynnwood, Inc.'s retained earnings balance at the end of April
Answers
Answer:
$14,400
Explanation:
Calculation to determine What was Lynnwood, Inc.'s retained earnings balance at the end of April
LYNNWOOD, Inc.'s retained earnings balance at the end of April
Retained earning balance , April 1 $12,000
Add Service to customer $2,000
Add Service to customer $1,900
Less Rent ($800)
Less salaries ($700)
Retained earning April 30th $14,400
Therefore Lynnwood, Inc.'s retained earnings balance at the end of April is $14,400
what do you pore first the cereal or the milk? True or false.
Answers
Fran, a broker, recently had a real estate transaction implode on her when the ______ was overly concerned about cosmetic details of a property.
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Recently, Fran, a broker, had a real estate transaction fall through because the home inspector was overly preoccupied with superficial details of a property.
Which of the following is required by Arizona law to be done for their clients?Code § 4-28-1101. Section R4-28-1101 - Client Obligations A licensee has a duty of care to the client and must safeguard and advance the client's interests. Also, the licensee must do business honestly with all other parties involved.
That which follows is a trade, right?Real estate brokers are required by this responsibility to behave only in the best interests of their principals at all times, above all other interests, including their own self-interest.
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What makes the demand for u. s. dollars change? in world demand for u. s. exports ______ the demand for u. s. dollars. a in the u. s. interest rate differential ______ the demand for u. s. dollars
Answers
Increasing world demand for U.S. exports increases the demand for U.S. dollars. A rise in the U.S. interest rate differential increases the demand for U.S. dollars.
The official money of the United States of America is the USD (United States dollar). One hundred cents make up one dollar, often known as the U.S. dollar. It is distinguished from other currencies based on the dollar by the symbol $ or US$.
A country's currency will be in great demand if its exports exceed its imports since more people will want to buy its products. According to supply and demand economics, prices increase and the value of the currency increases when demand is high. Generally speaking, a country's currency will appreciate at higher interest rates. Higher interest rates frequently draw foreign investment, which raises both demand for and the value of the currency of the host nation.
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Bad News which is the beginning of a Plateau change will do what to the company's share price?-It depends on the risk preference of investors-Decrease-No change-Increase
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The answer to the question depends on the risk preference of investors. When a company experiences a plateau change, which can be perceived as bad news, the impact on the company's share price can vary.
Decrease: If investors perceive the plateau change as a negative development with potential risks and uncertainties, they may sell their shares, leading to a decrease in the company's share price.
No change: In some cases, the plateau change may already be anticipated or priced into the stock, and investors may have adjusted their expectations accordingly. In such situations, the share price may not change significantly in response to the news.
Increase: On the other hand, if investors have a positive outlook on the company's ability to overcome the plateau and see it as a temporary setback, they may view it as an opportunity to buy the stock at a lower price. This increased demand may drive the share price up.
Overall, the impact on the company's share price will depend on how investors perceive and interpret the plateau change, their risk appetite, and their expectations for the company's future performance.
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Bad news that signals the start of a Plateau change PE Ratio might potentially have the following effect on the Bad News which is the beginning of a Plateau change company's P/E ratio: "decrease".
Investors may view a firm as having more risk when it receives negative news or has difficulties that could affect its future earning potential. The company's stock price and, as a result, its P/E (price-to-earnings) ratio may decline as a result of this elevated risk. The market price per share of a company's stock is divided by its earnings per share to arrive at the P/E ratio. A lower P/E ratio might arise from a lower stock price owing to bad news, as long as the denominator (earnings per share) stays largely constant.
Complete question:
Bad News which is the beginning of a Plateau change will do what to the company's share price?-It depends on the risk preference of investors-Decrease-No change-Increase PE Ratio?
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What conditions would affect how much people would use your business?
The business is and Ice Cream Shop.
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Answer:
restaurant
like pandemic all small restaurant is closed the business is bankcrap
just a mental health update, be sure to drink some water and get a heathy snack and don't to much work. Have a good day! <3
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Pls help will mark brainleist
Answers
Answer:
D Values
Explanation:
How marketers face new challenges and opportunities in the digital age?
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Here are some potential obstacles in digital marketing and solutions to overcome. Determine who your target market is. Create a wonderful website, write excellent content, promote it, boost sales, and attract new leads, enhancement for mobile.
Digital marketing promotes goods and services by utilizing the Internet, other online-based digital technologies, such as desktop and mobile computers, as well as other digital media and platforms. In the 1990s and 2000s, it altered how companies and brands used technology for marketing. There are currently a lot of digital marketing campaigns due to the increased use of digital devices by consumers in place of physical stores as well as the integration of digital platforms into daily life and marketing strategies. SEO, SEM, content marketing, influencer marketing, campaign marketing, data-driven marketing, e-commerce marketing, social media marketing, and social media advertising are widely used in these endeavors.
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what effect will a low economic growth have on the country
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Answer:
it can lead to national poverty and economy crisis
How do i know if i received the third stimulus payment?.
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Answer:
Use the IRS Get My Payment tool to track stimulus money
For the third stimulus check: It's worth visiting the IRS' online portal designed to track the status of your 2021 payment. Generally, it should tell you when your check will be processed and how you'll receive it: for example, as a paper check in the mail.
Explanation:
Any christian guys wanna be friends?
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Answer:
Explanation:
Im not a guy im a girl but can we still be friends
Victory Company entered into a two year, $2 million contract with Tasha, a sports celebrity, to promote Victory's products. The contract provided an option for an extension of another 2 years. On-Balance, a competitor of Victory, was interested in having Tasha promote its products and knew of her contract with Victory. Shortly before the end of her contract, On-Balance offers Tasha a three year, $7 million contract. Tasha did not renew with Victory and signed with On-Balance. Which statement is correct? a. On-Balance is liable for tortious interference with prospective advantage. b. Both Tasha and On-Balance are liable for tortious interference with contract. c. Victory is liable for tortious interference with contract. d. Tasha is liable for tortious interference with contract.
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On-Balance is liable for tortious interference with prospective advantage. On-Balance's offer to Tasha while knowing about her existing contract with Victory constitutes tortious interference with Victory's prospective advantage of extending the contract, as it disrupted Victory's opportunity to negotiate with Tasha.
The correct option is a.
Tortious interference with prospective advantage occurs when a third party intentionally disrupts a contractual relationship between two other parties for their own benefit. In this case, On-Balance knew about Tasha's contract with Victory and made a competing offer to Tasha shortly before her contract with Victory ended. By offering Tasha a more lucrative contract and successfully persuading her not to renew with Victory, On-Balance interfered with Victory's prospective advantage of extending the contract.
On-Balance's actions can be considered tortious because they intentionally disrupted the contractual relationship between Victory and Tasha for their own gain. They knew about the existing contract and actively pursued Tasha to sign with them instead. As a result, Victory lost the opportunity to extend their contract with Tasha.
It is important to note that Tasha herself is not liable for tortious interference in this scenario, as she has the right to make decisions about her own career and choose the best contract for herself. The liability falls on On-Balance, as they intentionally interfered with the contractual relationship between Victory and Tasha.
The correct option is a.
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B) Answer the following questions.
1. Do you agree that business transaction is an economic transaction? Justify your answer
with TWO reasons.
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Answer:
Yes, agree, business transactions are economic transactions. Two reasons why:
Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.Things of value: goods and/or services, are exchanged between the parties. In business transactions, either a good (for example, an asset), or a service (for example, employees), is always exchanged.
16. Surfside Ltd is marketing a 'surfing bundle' in which, for $1100, it provides customers with a surfboard (which retails separately for $850), a wetsuit (which retails separately for $250) and five lessons (which retail separately for $200). You are required to determine: (a) Whether separate performance obligations exist, and to explain why you made this judgement. (b) How much of the transaction price to allocate to each performance obligation. LO 15.7, 15.8.. Good or service Stand-alone price $850 Surfboard Wetsuit Lessons $250 $200 $1,300 $1,100 At sale (being, first day of the financial year 1 July 2021): 1 July 2021 Cash/Accounts Receivable Dr Liability - surfboard Cr Liability - wetsuit Cr Liability - lessons Cr Assume surfboard and wetsuit is delivered the next day: 2 July 2021 Liability - surfboard Dr Liability-wetsuit Dr Revenue - surfboard Cr Revenue - wetsuit Cr Discount allocation Allocated amount 850/1300 x $200 = $131 $719 250/1300 x $200 = $38 $212 200/1300 x $200 = $31 $169 $200 1 100 719 212 719 212 169 719 212 The undelivered element (i.e. the lessons) will be recognised when those services are delivered. Because the lessons are available to the counterparty continuously over the period of the agreement the revenue should be recognised in accordance with AASB 15/IFRS 15 on a straight-line basis. At the end of the first year (i.e., 30 June 2022) Surfside Ltd has provide three lessons: 30 June 2022 Liability - lessons Dr 101 Revenue lessons Cr 101
Answers
a) Yes, separate performance obligations exist in this scenario .
b) For the transaction price of $1,100, the allocation would be as follows:
Surfboard: $715 ($1,100 x 65%)
Wetsuit: $209 ($1,100 x 19%)
Lessons: $176 ($1,100 x 15%)
(a) Whether separate performance obligations exist, and to explain why you made this judgement:
Yes, separate performance obligations exist in this scenario. A performance obligation is a promise to transfer a distinct good or service to the customer. In the case of Surfside Ltd's surfing bundle, the company is providing three distinct items: a surfboard, a wetsuit, and lessons. Each of these items has its own standalone price, indicating that they can be purchased separately. Therefore, they qualify as separate performance obligations.
(b) How much of the transaction price to allocate to each performance obligation:
To allocate the transaction price to each performance obligation, we need to determine their relative standalone prices. The standalone price of the surfboard is $850, the wetsuit is $250, and the lessons are $200. The total standalone price for all the items is $1,300.
Using the standalone prices, we can calculate the allocation as follows:
The surfboard represents 65% ($850 / $1,300) of the total standalone price.
The wetsuit represents 19% ($250 / $1,300) of the total standalone price.
The lessons represent 15% ($200 / $1,300) of the total standalone price.
Therefore, for the transaction price of $1,100, the allocation would be as follows:
Surfboard: $715 ($1,100 x 65%)
Wetsuit: $209 ($1,100 x 19%)
Lessons: $176 ($1,100 x 15%)
It's important to note that the revenue for the undelivered element, which is the remaining lessons, should be recognized when those services are delivered, in accordance with AASB 15/IFRS 15, on a straight-line basis.
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which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
Answers
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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Forecast methods for development forecasts are an important tool in industrial goods marketing. Which statement about the mentioned forecasting methods is CORRECT?
A) The MAD (Mean Absolute Deviation) is a measure of the experience of those who use forecasts.
B )In large companies, only experienced employees with a high MAD value are allowed to make forecasts.
C) The weighted moving average method gives more weight to recent data.
With the "moving averages" method, more recent data is ignored in order to better reflect long-term developments.
D)The "arithmetic mean" method does not use real data, only index values.
Answers
In the weighted moving average method, recent data points are assigned higher weights or importance compared to older data points. This is done to capture and reflect any recent trends or changes in the underlying pattern of the data.
By assigning higher weights to recent data, the weighted moving average method provides a more responsive and up-to-date forecast. This approach acknowledges the notion that recent data may have a more significant impact on future developments compared to older data. The other statements mentioned are not correct. The MAD (Mean Absolute Deviation) is a measure of forecast accuracy, not the experience of forecast users (option A). There is no indication that experienced employees with a high MAD value are given exclusive forecasting responsibilities (option B). Additionally.
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the sales department at a local company determines that product a will moderately boost sales and have a shorter production schedule, so it is decided that this product will be manufactured and sold without considering other options. in choosing this product, the sales department is
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The action that is been taking by the sales department when they are determining the kind of product that will bring about sales boost with their shorter production schedule and manufacturing of product is Satisficing.
Satisficing can be regarded as a decision-making strategy that is carried out for satisfactory or adequate result.This done as opposed to the optimal solution, satisficing involves taking pragmatic effort to face a task.Therefore, satisficing is correct answer.
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This activity is important because it covers important terms for effective money management. The goal of this exercise is to identify the best ways to manage your personal finances. Complete each statement with the correct term. Note not all terms will be used.
Answers
Remainder Part of the Question:
Build Your Financial Base Terms:
The ______ is one of the best places to put your money.
A _______ is one of the worst places to keep long-term investments.
You can use a _______ to keep track of purchases.
Your _______ is likely to be the largest of the most important investments you make.
It is wise to plan your financial future with _______.
Available Options are:
Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.
Answers:
A. Stock market
B. Bank Account
C. Credit Card
D. Home
E. Insurance
Explanation:
A. The Stock Market is one of the best places to put your money.
Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.
B. A Bank Account is one of the worst places to keep long term investment
The lowest returns are on saving accounts hence it is the worst place for long term investments.
C. You can use Credit Card to keep a track of your purchases.
Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.
D. Your Home is likely to be the largest of the most important investments you make
Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.
E. It is wise to plan your financial future with Insurance.
Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.
"drawing relevant examples from the extract, discuss
the leadership qualities of Steve Jobs and bring out how his
leadership embodies the nature and elements of leadership
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Steve Jobs, the co-founder of Apple Inc., exhibited remarkable leadership qualities that contributed to his success and the transformation of Apple into one of the world's most valuable companies.
Firstly, Jobs demonstrated a visionary leadership style. He had a clear and compelling vision of creating innovative products that would revolutionize industries. For instance, his vision of a user-friendly personal computer led to the development of the Macintosh.Secondly, Jobs possessed strong passion and charisma. He had a relentless drive to pursue excellence and inspire others to share his vision. His charisma and persuasive communication skills motivated employees and stakeholders His leadership embodied several key elements.
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24. The company is considering two independent projects with an initial cost of $18,000 each. The cash inflows of Project A are $3,000, $7,000, and $10,000 for Years 1 to 3, respectively. The cash inflows for Project B are $3,000, $7,000, and $15,000 for Years 1 to 3, respectively. The required return is 12 percent and the cutoff discounted payback period is 3 years. Based on discounted payback, which project(s), if either, should be accepted
Answers
Answer: Project B
Explanation:
To find out the project that should be accepted based on the discount rate and the cut-off discounted payback periods, find the present value of the three year cashflows of each project. If it is larger than the initial investment then it should be accepted:
Project A
= 3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 10,000 / (1 + 12%)³
= $15,376.73
Project A's present value is less than the initial investment of $18,000 so it should not be chosen.
Project B
= 3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 15,000 / (1 + 12%)³
= $18,935.63
Project B's present value is larger than the initial investment of $18,000 so it should be chosen.
Which of the following options is NOT an element of fiscal policy?
a
Business investment
b
Government spending
c
Taxes
Answers
Answer:
Business investment
Explanation:
Fiscal policy refers to the government's strategies on spending and taxation to influence economic conditions. By adjusting its spending and taxes, a government sways the aggregate demand in the country. The government applies fiscal policy in the following circumstances.
Stimulate economic recovery and growth in times of recession.Keep the inflationary pressures under control to maintain the inflation rate at the desired level.Ensure the steady growth of the economy. The government aims at avoiding a sudden boom and bust in the economy, which causes unstable market prices.Can someone hurry and help me please!! If you answer be at least 99% sure. Thank you!
What is a likely result of an increase in trade between nations?
A. It will provide consumers with more choice at lower prices.
B. It will increase the cost of goods due to increased competition.
C. It will lower the standard of living in the weaker trade nation.
D. It will restrict the market for domestic products.
Answers
Answer:
The answer is A. It will provide consumers with more choice at lower prices.
Explanation:
Option (a), which will give customers more choices at a reduced cost, is the best choice.
What is a likely outcome of an increase in international trade?Trade allows for the expansion of markets and access to products and services that might not otherwise be available locally. The competitiveness in the market has increased as a result of global trade. The cost of the final product for the consumer is reduced as a result of increased pricing competition.
Because it promotes market specialization, fosters innovation, and decreases the cost of commodities globally, trade is crucial for maintaining a competitive global economy. A further benefit of trade is having access to goods and services that may be more affordable and of higher quality than those that are provided domestically.
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If you do not complete high school, you are typically paid more than those who pursue post-secondary education Please select the best answer from the choices provided T F
Answers
Answer:
false
Explanation:
Post-secondary education refers to an education that goes beyond high school.
Answer:
false
Explanation:
one guideline for a retail layout is to locate high-draw items around the periphery of the store. True or False
Answers
The statement "one guideline for a retail layout is to locate high-draw items around the periphery of the store." is False.
One guideline for a retail layout is to locate high-draw items in the center of the store or in prominent areas where they are easily visible to customers. Placing high-draw items around the periphery may result in customers not noticing them or having to navigate through the store to find them. By placing popular and high-demand items strategically in the center or prominent areas, retailers can attract customers' attention and increase their chances of making sales. This approach helps in maximizing the visibility and accessibility of the most sought-after products, enhancing customer convenience and potentially boosting sales.
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suppose planting rose bushes creates a positive externality equal to $5 per bush. further suppose that the government offers a $3 per bush subsidy to planters. which of the following is correct? a.the equilibrium quantity is less than the socially optimal quantity. b.the current subsidy is greater than the ideal corrective subsidy. c.the equilibrium quantity is greater than the socially optimal quantity. d.the current subsidy is the ideal corrective subsidy.
Answers
The equilibrium quantity is less than the socially optimal quantity. Correct option is a.
This is because there is a positive externality associated with planting rose bushes, meaning that the private benefit to the planter is lower than the total social benefit. In the absence of any intervention, the equilibrium quantity of rose bushes planted will be lower than the socially optimal quantity, as planters do not take into account the full societal benefit of their actions.
The current subsidy of $3 per bush is not sufficient to fully correct the externality and bring the equilibrium quantity to the socially optimal quantity. Therefore, option b is incorrect.
Option c is also incorrect, as the equilibrium quantity is actually lower than the socially optimal quantity, not higher.
Option d is incorrect, as the current subsidy of $3 per bush is not equal to the ideal corrective subsidy, which would be equal to the positive externality of $5 per bush.
Therefore, the correct answer is option a: the equilibrium quantity is less than the socially optimal quantity.
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as a would-be entrepreneur, how would you go about ascertaining whether or not a new technology is likely to fine a receptive market?
Answers
In order to determine whether the new technology is bringing about a gain, try to develop a method of tracking the cost-benefit tradeoffs. With effective controls, you can quickly ascertain whether it is successful or not.
What is a tradeoff?A trade-off is a situational choice when one feature of a set or design is diminished or lost in exchange for benefits in other areas. Limitations come from a variety of sources, including basic physics. For instance, only a certain volume of objects can fit into a given space, so a container that is already full must remove some items before it can hold any more. Additionally, vessels can carry a small number of large objects or a large number of small objects. A tradeoff implies a tactical or strategic decision that has been reached after careful consideration of the benefits and drawbacks of each configuration. Choosing between investing in bonds—which are generally safer but have lower potential returns—instead of more riskier stocks—which have a higher potential return—is an illustration of how the economy works.
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a mutual fund has total assets of $15 million and total liabilities of $5 million. there are 2 million shares outstanding. you invest $3000 in this fund. how many shares are you purchasing?
Answers
You would be purchasing 150 shares in the mutual fund.
To determine how many shares you would be purchasing, you first need to calculate the net asset value (NAV) of the mutual fund. The NAV is calculated by subtracting the total liabilities from the total assets and then dividing the result by the number of outstanding shares.
In this case, the NAV would be calculated as follows:
NAV = (Total assets - Total liabilities) / Number of shares outstanding
NAV = ($15 million - $5 million) / 2 million shares
NAV = $5 per share
Since you are investing $3,000, you can divide that amount by the NAV to determine the number of shares you would be purchasing:
Number of shares = Investment amount / NAV
Number of shares = $3,000 / $5 per share
Number of shares = 600 shares
Therefore, you would be purchasing 150 shares in the mutual fund.
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what can occur for project activities on a critical path that include slack time? more than one answer may be selected.
Answers
b) 'They can be completed after the project end date' and d) 'They need to be completed before other activities on the critical path' can occur for project activities on a critical path that include slack time.
Activities on the critical path are the ones that directly impact the project's overall duration. Slack time refers to the amount of time an activity can be delayed without causing a delay to the project's completion date. If an activity on the critical path has slack time, it means that it has flexibility in its schedule.
Given the nature of activities on the critical path and their impact on the project timeline, the following scenarios can occur for project activities with slack time:
b) They can be completed after the project end date: Activities with slack time can be delayed without affecting the project's completion date. This flexibility allows for adjusting the schedule to account for unforeseen delays or resource constraints.
d) They need to be completed before other activities on the critical path: While activities on the critical path have slack time, they still need to be completed before subsequent activities can begin. The critical path represents the longest sequence of dependent activities that determines the project's minimum duration. Completing activities on the critical path is crucial to maintain the project's timeline.
Regarding the other options:
a) They can be allocated fewer resources: This statement is not necessarily true. Activities on the critical path usually require sufficient resources to be completed within the planned time. Reducing resources may impact their timely completion and potentially affect the project's overall schedule.
c) They can be deemed a lower quality: Slack time does not necessarily imply lower quality for activities on the critical path. Quality standards should be maintained irrespective of the availability of slack time. The focus is on meeting the project's objectives and timeline while delivering the expected level of quality.
Hence, the correct answers are b) 'They can be completed after the project end date' and d) 'They need to be completed before other activities on the critical path'.
Correct Question :
What can occur for project activities on a critical path that include slack time?
More than one answer may be selected.
a) They can be allocated fewer resources.
b) They can be completed after the project end date.
c) They can be deemed a lower quality.
d) They need to be completed before other activities on the critical path.
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On 3/1/X1 Landlord Co. received a $36,000 cash payment from Renter Co. to pay for a total of 17 months, starting in the current month. How much revenue should Landlord Co. recognize in the year ending 12/31/X1? Round your answer to the nearest penny.
(anyone know accounting?)
Answers
Answer:
revenue recognized is $21,176
Explanation:
The computation of the revenue recognized is shown below:
= received amount for 17 months × given months ÷ total number of months
= $36,000 × 10 months ÷ 17 months
= $21,176
The 10 month is calculated from March 1 to December 31
Hence, revenue recognized is $21,176