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Lina20 [59]
3 years ago
15

Gil is a Baxley Co. salesman desperate to make quota by the end of 2015. On the afternoon of December 31, 2015, he convinces a l

ongtime customer with excellent credit to sign a contract to accept delivery of Baxley Co.’s Widgetron Deluxe. Gil promises the customer a deep discount off the list price that they can ‘hash out later’ if the customer is 100% happy with the product. Gil does not tell the customer that the company’s policy in such cases is to offer the maximum discount of 30%. The customer states he will have to consult an astrologer and a groundhog to determine if he is happy with the product. Gil oversees the delivery that evening of the Widgetron Deluxe. Should the revenue from this sale be recognized in 2015? Why or why not?
Social Studies
1 answer:
kolezko [41]3 years ago
6 0

Answer:

The revenue should not be recognized because of the unusual and subjective terms under which the buyer has the right to return the product.

Explanation:

If a buyer of goods has the right to return a product, the transaction is considered a sale with a right of return. When regular sales are made under these terms and there is a reasonable basis for estimating returns, revenue from the sale ought to be recognized and an allowance for returnsshould be established.

However, when the  rate of returns cannot be reasonably estimated, revenue is not recognized until the right of return expires. Even though the goods were shipped in 2015, until the buyer accepts the goods or the right to return them expires, revenue would not be recognized.

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Keisha had a memorable night at a close friend's wedding. Between the beautiful scenery, the touching vows, and the dancing, thi
Vikki [24]

Answer:    Storage and retrieval

Explanation:  In Keisha's case, as mentioned, she will remember for many years her friend's wedding night, so it's long-term memory, and that memory is arranged and stored as encoded in different parts of the brain, not in all parts, but not only one part of the brain. This means that a long-term stored memory encoded in this way can always be found and "recalled". There is another important fact in the question, that this is a really beautiful night of her friend's wedding. It should be said that all information is initially stored in short-term memory, and that important information is transferred over time to long-term memory. Since this is really important information / experience when it comes to Keisha, then surely all the information, that is, the experiences of the wedding will go into her long-term memory and she will remember the wedding for many years.

4 0
3 years ago
Why was the Battle of Gettysburg a turning point in the Civil War
Lelechka [254]

Answer:

Gettysburg Was the Turning Point of the War . The Battle of Gettysburg fought on July 1–3, 1863, was the turning point of the Civil War for one main reason: Robert E. Lee's plan to invade the North and force an immediate end to the war failed.

8 0
2 years ago
A person's search for a sense of meaning and morally fulfilling relationships between oneself, others, and the universe is calle
Georgia [21]

Answer:

C. Spirituality.

Explanation:

Spirituality is a broad concept with room for many perspectives. In general, it includes a sense of connection to something bigger than ourselves, and it typically involves a search for meaning in life. As such, it is a universal human experience—something that touches us all. The origin of "spiritual" is the Latin word spiritus meaning breath. Breathing, an essential element of human life, thus informs that spirituality has something to do with an essence of living. Other words with this common root include inspire, aspire and to conspire which means to breathe together. To conclude, being a spiritual person is synonymous with being a person whose highest priority is to be loving to yourself and others. A spiritual person cares about people, animals and the planet. A spiritual person knows that we are all One, and consciously attempts to honor this Oneness.

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3 years ago
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Explanation:

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7 0
2 years ago
what allows some individuals to take a stand against prejudice/oppression while others choose to participate in it?
Leokris [45]

Answer:

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However,people that choose to participate in prejudice are usually people from different cultural groups and racial differences.

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Explanation:

8 0
3 years ago
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