1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ronch [10]
2 years ago
14

Explain the importance of contracts when analyzing revenue arrangements.

Business
1 answer:
Nana76 [90]2 years ago
5 0
<span>Contracts are legally binding documents that have the ability to protect and allow all parties to be clear and precise of actions and expectations within the agreement, including payment arrangements. Contracts are important when analyzing revenue arrangements, as it ensures that all parties are aware of the agreed upon outcome and provide hard evidence should there be any future disputes.</span>
You might be interested in
What type of discount would Lennox offer its air conditioner dealers if they placed their orders and received delivery before Ap
gladu [14]
Seasonal allowance would be given
7 0
2 years ago
Read 2 more answers
A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons
artcher [175]

Answer:

Martina

Javier :

Kama

Explanation:

The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.

The willingness to pay is the highest amount a person would be willing to pay for a good

Martina : $400 > $300  would participate

Javier : $350 > $300 would participate

Kama : $320 > $300 would participate

Lina : $200 < $300 would not participate

5 0
3 years ago
hello are anyone there with free time on there hands i need friends and dont go if i dont answer because my mom is well a mom an
Troyanec [42]

Answer:

ello

Explanation:

I'll be your fren if that's what cha asking :^

5 0
2 years ago
Read 2 more answers
Pettit Ice Cream Company produces various ice cream products for which demand is highly seasonal. The company sells more ice cre
Rashid [163]

Answer:

a) Fixed costs = $22,000

b) $70,000

c) The high low cost method is generally inaccurate because it only considers the extremes, the highest and lowest costs and activity levels. Generally costs are not linear, but they might follow a certain tendency. The advantages of the high low cost method is that it is fairly accurate when costs are stable, plus it is much simpler to calculate.

d) Assuming that costs follow a certain tendency, regression analysis is much more exact since it analyses the relationship between different data and different variables. When you analyze only 2 variables, a linear regression analysis will serve you. but if you need to analyse more than two variables, then you must use a multiple regression analysis.

The R² statistic basically measures how one variable's variance is affected by other variables. E.g. if R² is 0.75, then 75% of the variance of A will be explained by the variance of B.

Explanation:

variable cost using high low cost method = (highest activity cost - lowest activity cost) / (highest activity level - lowest activity level) = ($82,000 - $46,000) / (50,000 - 20,000) = $36,000 / 30,000 gallons of ice cream = $1.20 per gallon of ice cream

fixed costs = $82,000 - (50,000 x $1.20) = $22,000

40,000 gallons

$22,000 + (40,000 x $1.20) = $70,000

how regression analysis improves accuracy of high low cost method

3 0
3 years ago
Skyline Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets
alekssr [168]

Answer:

$7.15

Explanation:

Calculation for Other The cost of wages and salaries and other overhead that would be charged to each bouquet made is:

Wages and salaries charged to each bouquet produced = (60%*$180,000)+(50%*$70,000)/20,000 bouquet

Wages and salaries charged to each bouquet produced = $108,000+$35,000/20,000 bouquet

Wages and salaries charged to each bouquet produced = $143,000/20,000 bouquet

Wages and salaries charged to each bouquet produced = $7.15

Therefore The cost of wages and salaries and other overhead that would be charged to each bouquet made is:$7.15

7 0
3 years ago
Other questions:
  • occurs when one supply chain member perceives that another supply chain member is making decisions in a manner that interferes w
    12·1 answer
  • Manuel is a manager at a company that makes office furniture. After reviewing products that the company currently makes, he dete
    11·1 answer
  • Unearned Seminar Fees has a balance of $6,500, representing prepayment by customers for five seminars to be conducted in June, J
    11·1 answer
  • An oligopoly is a market in which a the actions of one seller in the market have no impact on the other sellers' profits. b firm
    8·1 answer
  • Celine has an unwavering belief in her new start-up company. She possesses intense focus and takes un-conventional risks to make
    11·1 answer
  • Farrah owns 5,000 shares of stock in DAS, Inc. with a market value of $15,000. DAS declares a 20% stock dividend. After the divi
    6·1 answer
  • _______would Not be considered a "vulnerable group" for the purpose of customer protection.
    11·1 answer
  • Gus was recently laid off, and he is struggling to pay his bills and make ends meet. Gus is meeting with a staffing agency later
    12·1 answer
  • What is the first thing a lender might do if a borrower is late with a payment?
    15·1 answer
  • Financial tension may arise from large scale migration of low skilled labor into developed countries due to:_____.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!