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MariettaO [177]

3 years ago

13

Which of the following would an economist most likely classify as a need?. A.gasoline for a florist's delivery truck.. B. a coll

ege degree. . C. a flat-screen television.. D. a part-time job to earn extra money.

2 answers:

matrenka [14]3 years ago

6 0

An economist would say A is a need.

Nata [24]3 years ago

4 0

The answer is A. Hope this helps :)

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Theâ€‹ ________ approach recognizes that both financial and operational performance measures should be considered when evaluatin

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Answer:

The correct answer is balanced scorecard.

Explanation:

The concept of balanced scorecard came from the idea of looking at the strategic measures in addition to financial performance of an organization in order to have an holistic view of the organization's performance. It is also a strategic tool used in setting key performance indicators (KPIs) for organizations.

The balanced scorecard is used to:

set an organization goals, strategic intent and objectives
tailor the daily work performance towards strategic targets of the organization
design and delivery of projects, goods and services
then, set performance measurement

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3 years ago

Panarin Company entered into two contracts on the same date with Hjalmarsson Corporation. Panarin has provided the following ana

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Answer:

a. The 2 contracts should be combined.

b. $123,000 for Contract A

$82,000 for Contract B

c. Revenue should be recognized when control of goods has transferred to the customer.

Explanation:

Part a:

Answer: Yes. The 2 contracts should be combined.

Reasoning:

5-step revenue recognition model indicates identification of contracts with customer in the first step, identification of performance obligations of the contract in the second step, transaction price determination in the third step, allocation of transaction price to the performance obligations to the fourth step and recognition of revenue as the performance obligations in the fifth step. Therefore, two contracts should be combined.

Part b:

Calculate the amount of revenue should P associate with each of the contracts.

There are two performance obligations:

Goods from contract A ($120,000 + ($5000 x 60%)) = $123000

Goods from contract B ($80,000 + ($5000 x 40%)) = $82000

Reasoning: It is given that the stand-alone prices for Contract A is $120,000 and Contract B is $80,000. Contract price of Contract A is $125,000. Thus, the additional $5,000 should be split between the 2 contracts. Hence, the performance obligations for goods from contract A is $123,000 and goods from contract B is $82,000.

Part C:

Revenue should be recognized when control of goods has transferred to the customer.

Reasoning:

Performance obligation is satisfied when transfer the good or service to the customer. Recognize revenue when the performance obligation is satisfied is the fifth step of the 5-step revenue recognition model. Hence, revenue should be recognized when control of goods has transferred to the customer.

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3 years ago

E15-2 (Recording the Issuance of Common and Preferred Stock) Kathleen Battle Corporation was organized on January 1, 2014. It is

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Answer:

Explanation:

Jan 10 Issue of common stock for cash

Dr Cash 400,000 [80,000*5]

Cr Common stock 80,000 [80,000*1]

Cr Additional paid in capital - Common Stock [80,000*4] 320,000

Mar 1 Issue of preferred stock foor cash

Dr Cash 540,000 [5000*108]

Cr Preferred stock [5000*1000] 500,000

Cr Additional Paid in capital - Preferred stock 40,000

Apr 1 Issue of common stock for land

Dr Land 80,000

Cr Common stock 24,000

Cr Additional paid in capital - Common stock 56,000

May 1 Issue of common stock for cash

Dr Cash [80,000*7] 560,000

Cr Common stock [80,000*1] 80,000

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Aug 1

Dr Attorney 50,000

Cr Common stock [1*10,000] 10,000

Cr Additional paid in capital - Common stock 40,000

Sep 1 Issue of common stock for cash

Dr Cash [10,000*9] 90,000

Cr Common stock [10,000*1] 10,000

Cr Additional paid in capital - Common stock 80,000

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Cr Preferred stock [1000*100] 100,000

Cr Additional Paid in capital - Preferred stock 12,000

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2 years ago

For each of the following situations, identify the type of form to be filed with the SEC for disclosure purposes (2 points): (A)

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Answer:

1. Form 8-K : A unique or significant happening.

2. Form 10-K: Annual information required by Regulation S-X.

3. Form 8-K: Changes in control of the registrant.

4. Form 10-Q: Interim financial statements.

5. Not required: Fourth quarter income statement.

6. Form 8-K: Bankruptcy.

7. Form 10-K: Annual information required by Regulation S-K.

8. Form 10-Q: Income statement for the current quarter, year-to-date, and comparative periods in the previous year.

9. Not required: Changes in bookkeeping staff.

10. Form 8-K: Changes in the registrant's independent auditor.

Explanation:

The SEC, an acronym for Securities and Exchange Commission was created under the Securities Exchange Act of 1934. The Act empowered the SEC to require registration of securities, security exchanges, and reporting by publicly owned firms.

Some of the forms to be filled as required by the United States of America, Securities and Exchange Commission (SEC) includes;

1. Form 10-K.

2. Form 10-Q.

3. Form 8-K.

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3 years ago

To ensure that employees are learning the content effectively during the training program, firms should (choose all that apply):

lord [1]

Answer:

a. give employees the opportunity to enact the skills.

b. use modeling to help employees learn the skills vicariously by watching other people perform the skill.

c. provide feedback with both negative and positive reinforcements of wrong and correct behaviors respectively.

Explanation:

Training can be defined as a learning process which typically involves teaching an individual or group of people skills that are relevant to their job position or roles in an organization.

This ultimately implies that, the main purpose of a training is to improve an employee's performance in his or her place of work.

To ensure that employees are learning the content effectively during the training program, firms should;

a. give employees the opportunity to enact the skills.

b. use modeling to help employees learn the skills vicariously by watching other people perform the skill.

c. provide feedback with both negative and positive reinforcements of wrong and correct behaviors respectively.

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3 years ago