Long-term contract that spans multiple periods of time

Reference no: EM1328278

In accounting, the term "time value of money" is used to indicate a relationship between time and money. What is the difference in simple versus compound interest? Discuss why accountants should have an understanding of compound interest, annuities, and present value concepts. So what you can do is go over the present, future value formulas.

When revenue is realized is not always easily determined. In the normal cash for product or service exchange is easy as recognition is almost always immediate. How about when a ticket is purchased for a concert or travel for some future period? What about a long-term contract that spans multiple periods of time?

Reference no: EM1328278

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Long-term contract that spans multiple periods of time : If revenue is realized isn't always easily determined. In the normal cash for product or service exchange is easy as recognition is almost always immediate. How about when the ticket is purchased for the concert or travel for some future period? W..

Herfendahl index ratio : An industry is composed of 20 firms, all with equal sales. The Herfendahl Index ratio in this industry is a. 1000 b. 500 c. 800 d. This cannot be determined from the information given.

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