Answer:
$1,200
Explanation:
Calculation to determine what Taylor should recognize as revenue in 2018
Recognized Revenue =($4,800 × 3/12 of the contract duration)
Recognized Revenue =$1,200
Therefore Taylor should recognize revenue in 2018 in the amount of $1,200
Kendra decided to leave her job in the city and move to the country where she plans to start her own business a "sole proprietorship."
<h3>What is a sole proprietorship?</h3>
A sole proprietorship, also known as both a sole trader or even a proprietorship, is an independent clause with only one owner who is responsible for paying income tax on the company's profits.
Some key features regarding sole proprietorship are-
- Any unincorporated business with a single owner that is liable for personal income tax on its profits is known as a sole proprietorship.
- Due to the lack of government participation, sole proprietorships are simple to set up and dissolve, which makes them popular among owners of small businesses and contractors.
- The majority of small businesses begin as sole proprietors and eventually convert to limited liability companies or corporations as the business expands.
- Due to their lack of registration, one of the main drawbacks for sole proprietorships is the lack of legal protection they enjoy. This implies that the owner is responsible for all liabilities incurred by the company.
- In addition to reporting their earnings and deducting their expenses, sole entrepreneurs must also pay income & self-employment taxes upon their profits.
To know more about sole proprietorship, here
brainly.com/question/19176489
#SPJ4
Answer:
P0 = $17.39130 rounded off to $17.39
Explanation:
The constant growth model of dividend discount model (DDM) can be used to calculate the price of the stock today. DDM calculates the price of a stock based on the present value of the expected future dividends from the stock. The formula for price today under constant growth DDM is,
P0 = D1 / (r - g)
Where,
- D1 is the dividend expected in Year 1 or next year
- g is the constant growth rate in dividends
- r is the discount rate or required rate of return
However, to calculate the Price of the stock today, we must first calculate the required rate of return (r) for the stock. The required rate of return can be calculated using the CAPM equation. The equation is as follows,
r = rRF + Beta * (rM - rRF)
Where,
- rRF is the risk free rate
- rM is the expected return on market
We know the risk free rate and expected return on market and we also know that the beta of market is always equal to 1. So, the beta of stock which is 10% more volatile than the market will be,
Beta of stock = 1 * 10% + 1 = 1.1
r = 0.05 + 1.1 * (0.14 - 0.05)
r = 0.149 or 14.9%
The dividend expected for next year will be,
D1 = 4 * 30% = $1.2 per share
Using the DDM,
P0 = 1.2 / (0.149 - 0.08)
P0 = $17.39130 rounded off to $17.39
Answer:
The correct answer is letter "B": For both the millionaire and the pauper, the marginal utility they derive from the one-thousandth dollar is less than the marginal utility they derive from the five-hundredth dollar.
Explanation:
Utility is referred to as the degree of satisfaction perceived by individuals while consuming a product or service. Marginal utility reflects the aggregate utility of consuming one more sample of a product. Interpersonal utility comparisons are made to measure how much utility represents the satisfaction of a need for one individual and another.
In such scenario,<em> the marginal utility of spending $5,000 will be higher than spending $1,000 for both the rich and the poor because one amount itself is greater than the other which implies more goods and services can be acquired (mostly on the poor's side) or invested (mostly on the rich's side).</em>
Answer:
$7.70 per unit
Explanation:
For computing the overhead rate per unit we first need to compute the estimated amount which is as follows
Total manufacturing cost
= Department 1 + department 2
= $31,41,500.00 + $15,71,000.00
= $47,12,500.00
Total machine hours
= Department 1 + department 2
= 267,000 MH + 192,000 MH
= 459000 MH
Now predetermined overhead rate is
= Total manufacturing cost ÷ Total machine hours
= $4,712,500 ÷ 459,000 MHs
= $10.27 per MH
Now overhead per unit is
= Pre-determined overhead rate per MH × Machine Hours required per unit
= $10.27 per MH × 0.75 MHs per unit
= $7.70 per unit
This is the answer but the same is not provided in the given options
