Explain when each of the following businesses should recognize revenues a. A clothing retailer like American eagle outfitters, Inc.

b. A contractor like Boeing company that performs work under long-term government contracts.

c. A grocery store like supervalu Inc.

d. A producer of television shows like MTV that syndicates its content to television stations.

e. A residential real estate developer that constructs only speculative houses and later sells these houses to buyers.

f. A banking institution like Bank of America corp. That lends money for home mortgages.

g. A manufacturer like Harley-davidson Inc.

h. A publisher of magazines such as Time-warner Inc.

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?