Answer: A- Revenue under the installment sales method, as soon as it has assisted Steffi in setting up the store.
Explanation: The installment sales method is a method of accounting accepted under the US Gaap. It is a method were revenue is recorded in instalments and the cost of sales and gross profit recognised upon the collection of the installment revenue.
It is a method of accounting used mainly by construction companies whose revenue are not received once but in installments.
Answer:
Adam smith is Abigail Smiths husband
Explanation:
They have been married for centies
Simplifying
(2a + 5)(3a + -4) = 0
Reorder the terms:
(5 + 2a)(3a + -4) = 0
Reorder the terms:
(5 + 2a)(-4 + 3a) = 0
Multiply (5 + 2a) * (-4 + 3a)
(5(-4 + 3a) + 2a * (-4 + 3a)) = 0
((-4 * 5 + 3a * 5) + 2a * (-4 + 3a)) = 0
((-20 + 15a) + 2a * (-4 + 3a)) = 0
(-20 + 15a + (-4 * 2a + 3a * 2a)) = 0
(-20 + 15a + (-8a + 6a2)) = 0
Combine like terms: 15a + -8a = 7a
(-20 + 7a + 6a2) = 0
Solving
-20 + 7a + 6a2 = 0
Solving for variable 'a'.
Factor a trinomial.
(-5 + -2a)(4 + -3a) = 0
Subproblem 1
Set the factor '(-5 + -2a)' equal to zero and attempt to solve:
Simplifying
-5 + -2a = 0
Solving
-5 + -2a = 0
Move all terms containing a to the left, all other terms to the right.
Add '5' to each side of the equation.
-5 + 5 + -2a = 0 + 5
Combine like terms: -5 + 5 = 0
0 + -2a = 0 + 5
-2a = 0 + 5
Combine like terms: 0 + 5 = 5
-2a = 5
Divide each side by '-2'.
a = -2.5
Simplifying
a = -2.5
Subproblem 2
Set the factor '(4 + -3a)' equal to zero and attempt to solve:
Simplifying
4 + -3a = 0
Solving
4 + -3a = 0
Move all terms containing a to the left, all other terms to the right.
Add '-4' to each side of the equation.
4 + -4 + -3a = 0 + -4
Combine like terms: 4 + -4 = 0
0 + -3a = 0 + -4
-3a = 0 + -4
Combine like terms: 0 + -4 = -4
-3a = -4
Divide each side by '-3'.
a = 1.333333333
Simplifying
a = 1.333333333
Solution
a = {-2.5, 1.333333333}
Answer:
The firm should increase output and reduce price
Explanation:
For a monopolist, there can be one of the following three scenarios at a time point in time:
Scenario one, MR = MC: For a monopolist, profit is maximized at the point where marginal revenue (MR) is equal to to marginal cost (MC), i.e. where MR = MC.
Scenario two, MR < MC: But when the MR < MC, it indicates that the monopolist is currently producing a higher quantity of output and it is not maximizing profit. In order to maximize profit, the monopolist has to reduce output until MR = MC.
Scenario three , MR > MC: But when the MR > MC, it indicates that the monopolist is currently producing a lower quantity of output and it is not maximizing profit. In order to maximize profit, the monopolist has to increase output until MR = MC. Also, the monopolist has to reduce price in order to sell the increased quantity of output.
From the question, the monopolist falls into scenerio three as MR > MC, i.e. $45 > $35. Therefore, the monopolist should increase output until MR = MC and reduce price in order to maximize profit.
Answer:
The income tax expense for 2021 income statement is $101 million as computed in the explanation section below.
Explanation:
The income tax expense in the year 2021 is the income taxes payable while adding the reduction in deferred tax asset or deducting the increase in deferred tax asset plus the portion of the current deferred tax asset not realizable using the applicable tax rate as found below:
Income tax payable $90 million
deduct;increase in deferred tax asset($170-$130) ($40 million)
Add;unrealized deferred tax asset($170*30%) $51 million
Income tax expense for 2021 income statement $101 million