To move the economy to potential output, the government should reduce its spending by an amount equal to aggregate price level.
When the total amount of output required and supplied equals one another, an economy is in short-run equilibrium. When total output and total demand are equal, this is referred to as short-run equilibrium. When prices respond to market changes and the economy is operating at its maximum potential, long-run equilibrium has been reached. Solution: Due to the fact that market supply and demand are equal, the short-run equilibrium price is determined. Since Qd(p) = 110 p and Qs(p) = 10 p, or 110 p = 10 p, it follows that 11p = 110 and p = 10. So, Q = 100 is the market equilibrium quantity.
Know more about short-run equilibrium here:
https://brainly.com/question/29345675
#SPJ4
You have been hired as a strategic planning consultant to Acre Pizza, a regional chain of outdoor dining pizza restaurants. Acre Pizza is deciding whether or not to outsource home deliveries to third parties such as GrubHub, DoorDash, or UberEats. What would be the biggest drawback of outsourcing this value chain activity
Given that the company is deciding to outsource or not to outsource, the greatest setback that they would experience would be:
Acre Pizza loses flexibility in accommodating its delivery partners with just-in-time orders.What is outsourcing?This is a business practice that a lot of organizations engage in. It is the practice of hiring people or companies outside their organizations to handle certain operations.
Outsourcing this job is going to prevent the business from having full control over the deliveries.
Read more on outsourcing here:https://brainly.com/question/4456416
What is the objective of (i) income statement and (ii) balance sheet?
(i) The income statement shows revenues and expenses over a financial accounting period.
(ii) Balance sheet is used to keep a track of the debits and credits.
One of the targets is to reveal internet gains and losses as a consequence of commercial enterprise operations and activities over a hard and fast date range. Maximum groups put together an earnings assertion on a month-to-month foundation.
Objectives of Income Statement
It provides a clear picture to the management of the performance of the company during the period and the effect on profitability and whether there is any scope for improvement.It is useful for the potential investor to analyze and decide whether he should invest in the company or not.It also helps the investors to analyze the creditworthiness of the company.It also shows the creditworthiness of a company and its ability to pay off its current obligation and is important for the creditors of the company as it serves as an indicator of the company’s financial standing.Objectives of Balance sheet
To provide financial informationTo reveal the financial positionTo calculate ratiosTo show the picture of assets and liabilitiesTo show solvency positionInformation about debtors and creditorsEvaluate the value and position of all the assets and liabilities. Recognize the quantity of capital owed to the owner on the 12 months-give up. Use as a reference in case demand for a loan arises. The principle objective at the back of preparing a balance sheet is to provide invested people with a concept of the enterprise’s financial situation, as well as to reveal what the corporation possesses and owes.
Learn more about the balance sheet here https://brainly.com/question/1113933
#SPJ1
jane found classified information in breakroom. What is first action
Answer:
Secure the information in a GSA-approved security container
On October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on January 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months (on January 31, 2021). U.S. dollar–Polish zloty exchange rates are as follows:
Date Spot Rate Forward Rate
(to January 31, 2021)
October 1, 2020 $ 0.25 $ 0.29
December 31, 2020 0.28 0.31
January 31, 2021 0.30 N/A
Mertag designates the forward contract as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the forward rate, and, therefore, forward points are included in assessing hedge effectiveness. Mertag must close its books and prepare financial statements on December 31. Discounting to present value can be ignored.
Prepare journal entries for the foreign currency forward contract, foreign currency firm commitment, and export sale.
Determine the net benefit, if any, realized by Mertag from entering into the forward contract.
Answer: JANUARYYYYYYYYYYYYYYYYYYY
Explanation:
Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months SO IT WILL BE JANUARYYYY
MARK ME AS BRAINLEST PLEASEEEEE
Please help with this problem this is a tax business class.
Whenever beneficiary of a life insurance policy receives a death benefit, this money (benefit) is not counted as taxable gross income. Hence, in this case, even if Lauren report $10,000 as earned benefit, such benefit is not taxable.
What does Taxable Income mean according to IRS?Taxable income is defined as any gross income earned that is used to calculate the amount of tax owed. Simply put, it is your taxable income less any deductions. This includes any employer wages, tips, salaries, and bonuses. Unearned income and investment income are also included.
Adding up all sources of income, excluding nontaxable items, and subtracting credits and deductions yields the taxable income. The IRS considers almost all types of income to be taxable, but a few income streams are not.
Read more about Taxable Income
brainly.com/question/1160723
#SPJ1
Why is it recommended that you focus more on quadrant 2 (PLAN) to be productive?
a.
Focusing on this quadrant increases planning and helps you meet your goals
b.
Focusing on this quadrant increases stress
c.
Focusing on this quadrant ensures you will never encounter a distraction
d.
Focusing on this quadrant will help you meet other people’s needs
Answer:
The reason that it is recommended to focus more on quadrant 2 (PLAN) to be productive is:
a. Focusing on this quadrant increases planning and helps you meet your goals.
Explanation:
This second quadrant of Stephen Covey's 7 Habits of Highly Effective People focuses on planning. The leader undertakes planning when it is important but not when it is urgent. This means that the leader is enabled to plan in a crisis-free moment and environment. The leader in this quadrant does not act in response to crisis. She is well-prepared for every crisis. It is the most important quadrant that any leader should aspire to be in at all times.
You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accounts based on the chart of accounts in your resources section. Within that balance the following transactions are listed:
$420 Office Supplies
$334 Auto (company van payment)
$1500 123 Computers to Go
$250 Electric Company
$100 Water
$150 Good Steak House (company luncheon)
$250 ABC Office Supplies
$100 Fuel Stop
$650 Furniture
Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
What is Accounting?Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
Learn more about Credit card at https://brainly.com/question/27123519
#SPJ1
The amount you pay for an insurance policy; can be paid monthly, quarterly, semi-annually, or annually.
Answer:
Premium
Explanation:
premium is the term used to describe payment made for insurance coverage. Premiums are paid by the policyholder to the insurance company. It is the insurance company that determines how much premiums the insured will be paying. Premiums are paid every end month, bi-weekly, monthly, or yearly as stated in the policy document. In other words, premium is the cost of insurance.
Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
To know more about market environment here
brainly.com/question/34360169
#SPJ2
Quick Computing currently sells 15 million computer chips each year at a price of $18 per chip. It is about to introduce a new chip, and it forecasts annual sales of 23 million of these improved chips at a price of $23 each. However, demand for the old chip will decrease, and sales of the old chip are expected to fall to 8 million per year. The old chips cost $9 each to manufacture, and the new ones will cost $11 each. What is the proper cash flow to use to evaluate the present value of the introduction of the new chip
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
for more question on adaptability
https://brainly.com/question/26810727
#SPJ8
What is Supply Chain?
Answer:
Hello, I'm here to help you.
Explanation:
Supply Chain: Is a network between a company and its suppliers to produce and distribute a specific product or service.
What is meant by the concept entrepreneur?
Answer: An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.
Explanation: An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.
Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the required journal entries for the following transactions:
A journal entry is a record of a financial transaction in a company's books. ournal entries are used to record the day-to-day financial activities of a business and are the first step in the accounting cycle.
What does Accounting cycle mean?
The accounting cycle is the process of recording and processing all of a company's financial transactions, from transaction recording to eventual inclusion in financial statements. This includes tasks like identifying, analysing, and recording transactions, as well as adjusting accounts, preparing financial statements, and closing the books at the end of an accounting period. The accounting cycle is an important part of the accounting process because it ensures accuracy and adherence to accounting principles.
So the required journal are as follows:
1. Authorization of the Bond Issue
Debit: Cash $1.2 million
Credit: Bond Payable $1.2 million
2. Receipt of the Bond Proceeds
Debit: Cash $1.3 million
Credit: Bond Payable $1.2 million
Credit: Premium on Bond Payable $100,000
3. Appropriation of the General Fund Contribution
Debit: Library Construction $800,000
Credit: General Fund $800,000
To know more about Journal entry,
https://brainly.com/question/28390337
#SPJ1
A U.S business sells milk to consumers in France. Which situation would most likely cause demand for milk to rise in France?
Answer:
Cheese and other milk products gain popularity in France
I hope this helps you
:)
Answer:
For mine, it was D but be careful with the letters. You want to look for the answer specifically. So, the answer is: French consumers expect the price of milk to increase in the future.
Explanation:
It's the most logical decision because the others say something about supply or demand going down. D) says something about the anticipation and that's all that humans need to freak ou and go for all the milk.
Which of the following is a type of intellectual property?
Answer:
house
Explanation:
Select all that apply
Which of the following appear on the statement of stockholders' equity? (Select all that apply.)
Dividends
Property, plant, and equipment
Net income
Cash received during the accounting period
Beginning balance of retained earnings
The items that would appear on the statement of stockholders' equity are dividends, net income and beginning balance of retained earnings
What is statement of stockholders' equity?
The statement of stockholders' equity is one of the final accounts or financial statements of the company which shows the transactions between the company and its stockholders for the current period as well as the balances of prior periods.
The statement of stockholders' equity would contain dividends, which are paid to shareholders as the returns on their investment for the current period, net income, which is the profits of the business after paying taxes to relevant tax authority and the opening of retained earnings.
Note that property, plant and equipment would be shown on the balance sheet and the cash received in cash flow statement
Find out more about statement of stockholders' equity on:https://brainly.com/question/2681718
#SPJ1
The table below details the composition of an economy’s GDP by spending category.
Category Expenditures (billions of dollars)
Fixed business investment $3,650.00
Durable goods $2,150.00
Exports $650.00
Federal government purchases $1,400.00
New home construction $1,150.00
Imports $780.00
Change in inventories $-250.00
Nondurable goods $4,850.00
Services $8,900.00
State and local government purchases $2,550.00
Use the information in the table to calculate the following:
a) Consumption: $
15900
billion
b) Investment: $
billion
c) Government: $
billion
d) Net exports: $
billion
e) GDP: $
billion
its e) GDP: $
billion. hope this helps
Use the information in the table to calculate the following as a) Consumption: $ 15900 billion.
a) Consumption: Consumption can be calculated by adding up the spending on durable goods, nondurable goods and services.
Consumption = Durable goods + Nondurable goods + Services
Consumption = $2,150.00 + $4,850.00 + $8,900.00
Consumption = $15,900.00 billion
b) Investment: Investment includes fixed business investment, new home construction and the change in inventories.
Investment = Fixed business investment + New home construction + Change in inventories
Investment = $3,650.00 + $1,150.00 - $250.00
Investment = $4,550.00 billion
c) Government: Government spending includes federal government purchases and state and local government purchases.
Government = Federal government purchases + State and local government purchases
Government = $1,400.00 + $2,550.00
Government = $3,950.00 billion
d) Net exports: Net exports can be calculated by subtracting imports from exports.
Net Exports = Exports - Imports
Net Exports = $650.00 - $780.00
Net Exports = -$130.00 billion (negative value indicates a trade deficit)
e) GDP: GDP is the sum of all spending categories.
GDP = Consumption + Investment + Government + Net Exports
GDP = $15,900.00 + $4,550.00 + $3,950.00 - $130.00
GDP = $24,270.00 billion
To know more about Consumption here,
https://brainly.com/question/31868349
#SPJ2
FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
Learn more about financial institution, from:
brainly.com/question/29641948
#SPJ9
An indirect distribution channel uses agents, wholesalers, and/or retailers.
Question 6 options:
True
False
Which of the following is not an attribute of a Limited Partnership?
The limited partner is authorized to make business decisions on behalf of the general partners.
Limited partnerships do not share in the risk of the company beyond the amount of their investment.
Limited Partners cannot sell their interest in the business without notifying the general partners.
Limited Partners are paid a dividend on profits earned by the company.
Answer:
The limited partner is authorized to make business decisions on behalf of the general partners.
Explanation:
A limited partner also knows a silent partner. The limited partner enjoys limited liability to the debts of the business. They are called silent partners because they do not participate in running the business affairs. A limited partner contributes capital to the partnerships and allows the general partner to manage the business affairs.
Since a limited partner enjoys limited liabilities to the partnership's debts, they are not allowed to make business decisions. The general partners with unlimited liabilities run the business and make all the decisions.
Explain the positive and negative aspects of entrepreneurship. Draw evidence to support your claim from two other sources.
Answer:
Advantage #1: A flexible schedule – both in terms of when and where you work. ...
Advantage #3: It's exciting and fulfilling. ...
Advantage #4: The salary makes sense. ...
Disadvantage #1: You wear a lot of hats. ...
Disadvantage #2: You are always at work.
Explanation:
The positive (advantages) and negative aspects (disadvantages) of entrepreneurship are enumerated below:
Control: Entrepreneurship offers the entrepreneur a sense of being in charge and being the captain of the ship. With freedom of control comes increased risk of business failure.Responsibility: The entrepreneur is responsible for her income for life sustenance. There is no more reliance on a period paycheck. The entrepreneur can decide to delight her customers or to scare them away.Flexibility: The entrepreneur enjoys flexibility in work schedule. She works at her own pace. The downside is that your customers dictate when you work. The workload may increase more than your capacity to handle. Thus, flexibility does not happen always until you have established the business properly.Profit-making: As the business makes profits, the entrepreneur is entitled to receive all. When it makes losses, the entrepreneur similarly bears all.Thus, there are numerous benefits in being an entrepreneur. But there are also negative aspects of entrepreneurship.
Read more about entrepreneurship at https://brainly.com/question/21012374 and https://brainly.com/question/24497797
Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2018. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 6 Apr 19, 2034 111.44 ?1,851 a. What is the yield to maturity of the bond?
Answer:
YTM = 4%
Explanation:
Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s)
IOU (IOU) 6 Apr 19, 2034 111.44 ? 1,851
Determine the yield to maturity
YTM = Rate * 2
years to maturity = 2034 - 2018 = 16 years
NPER = 2 * 16 = 32
PMT = ( face value * coupon rate ) / 2 = ( 2000 * 6% ) / 2 = 60
price of coupon ( PV ) = 2000 * 111.44% = 2228.8
Rate = 2% ( excel function : RATE(32,60,-2228.8,2000)
hence YTM = 2% * 2 = 4%
Explain what a literature review is.
ECONOMICS
Data collected from the economy of Cardtown reveals that a 16% increase in income leads to the following changes:
• A 12% increase in the quantity of flops demanded
• A 14% decrease in the quantity of clubs demanded
• A 28% increase in the quantity of houses demanded
Compute the income elasticity of demand for each good and use the dropdown menus to complete the first column in the following table. Then, based on its income elasticity, indicate whether each good is a normal good or an inferior good. (Hint: Be careful to keep track of the direction of change. The sign of the income elasticity of demand can be positive or negative, and the sign confers important information.)
The demand elasticity is recognise the value which measures the change in the quantity requested whenever the income changes inside a given percentage. Its formula is em = change in percent in M by Q/percent, and the further calculation can be defined as follows:
\(\to em (flops) = \frac{+12\% }{+16\%} = +0.75\) Because em is +, flops are a regular good.
\(\to em (clubs) = \frac{-14\%}{+16\%} = -0.875\ \ or \ -0.88\) Because em is -, clubs are good less.
\(\to em (aces) = \frac{+28\%}{+16\%} = +1.75\) Aces are a normal good since em is +.
The elasticity of luxury goods exceeds that and that's why ACES are luxury goods.
Therefore, the final answer is "Hence".
Learn more:
brainly.com/question/13269142
Using the perpetual inventory system. (a) Sold merchandise on account, for $12,000, terms n/30. The cost of the merchandise sold was $6,500. (b) Sold merchandise to customers who used MasterCard and VISA, $9,500. The cost of the merchandise sold was $5,300. (c) Sold merchandise to customers who used American Express, $2,900. The cost of the merchandise sold was $1,700. (d) Paid an invoice from First National Bank for $385, representing a service fee for processing MasterCard and VISA sales. (e) Paid a $75 processing fee associated with sales made to customers who used American Express.
Answer and Explanation:
The journal entries are shown below:
a
Accounts Receivable $12,000
To Sales $12,000
(Being the merchandise is sold on credit)
Cost of Merchandise Sold $6,500
To Merchandise Inventory $6,500
(Being the cost of merchandise is recorded)
b
Cash $9,500
To Sales $9,500
(Being the merchandise is sold on credit)
Cost of Merchandise Sold $5,300
Merchandise Inventory $5,300
(Being the cost of merchandise is recorded)
c
Cash $2,900
To Sales $2,900
(Being the merchandise is sold on credit)
Cost of Merchandise Sold $1,700
Merchandise Inventory $1,700
(Being the cost of merchandise is recorded)
d
Credit Card Expense $385
To Cash $385
(Being the cash paid is recorded)
e
Credit Card Expense $75
To Cash $75
(Being the cash paid is recorded)
WHich of the following is not a type of skill needed by effective leaders?
Answer:
WHich of the following is not a type of skill needed by effective leaders?
Answer. power hankering skil
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
CALCULATE: Impact of Credit Score on Loans help me
Credit score is an important factor that lenders consider when evaluating a borrower's creditworthiness.
A credit score is a numerical representation of a person's creditworthiness, based on their credit history and other financial data.
In general, a higher credit score indicates that a borrower is more likely to repay their loan on time, while a lower credit score suggests a higher risk of default.
As a result, lenders use credit scores as one of the primary factors in deciding whether to approve a loan application and what interest rate to charge.
Learn more about Credit score, here
https://brainly.com/question/25668115
#SPJ1
A credit score has a significant impact on the terms and interest rates of loans. Higher credit scores generally result in lower interest rates and vice versa.
Explanation:In the context of loans, a credit score plays a significant role in determining the terms and conditions of the loan. Lenders use credit scores to assess the creditworthiness of borrowers and estimate the level of risk associated with lending money to them.
A higher credit score generally results in lower interest rates on loans, while a lower credit score may lead to higher interest rates or even rejection of the loan application.
For example, if a borrower has a high credit score, say above 750, they may be eligible for a loan with a lower interest rate, such as 4%. On the other hand, if a borrower has a lower credit score, say below 600, they may be offered a loan with a higher interest rate, such as 10%. This difference in interest rates can significantly impact the cost of the loan over time.
Learn more about Impact of Credit Score on Loans here:https://brainly.com/question/32138529
#SPJ11
On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?
The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14
How to find the gain recognized?First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land
= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500
= 109, 500 / 255, 500
= 42. 857 %
The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021
= 42. 857 % x $ 65, 000
= $27, 857 . 14
Find out more on gain recognized at https://brainly.com/question/17926235
#SPJ1