All categories

2 years ago

The transaction price excludes discounts, volume rebates, coupons and free products, or services.

Business

1 answer:

frutty [35]2 years ago

8 0

Answer:

d. is the amount of consideration that a company expects to receive from a customer.

Explanation:

The price of the transaction is the expected amount that the customer receives to transfer the goods and services. This transaction price depends on the project being completed.

The transaction price plays a major role in recognizing the revenue as it specifies the contract with the customer, performance obligations, after which only the transaction price is evaluated, then the allocation is done and finally revenue is recognized

You might be interested in

Unions contribute to Select one: a. frictional unemployment but not the natural rate of unemployment. b. the natural rate of une

Verizon [17]

Answer:

The correct answer is letter "C": both frictional unemployment and the natural rate of unemployment.

Explanation:

Natural unemployment is defined as the lowest rate of unemployment an economy will reach. It is called natural because its causes are other than an adverse economy. Natural unemployment is a combination of frictional unemployment -employment transitions, structural unemployment -mismatch between abilities and current position, and labor surplus.

Unions are groups of individuals who join to set minimum standards at work in regards to wages, compensations, and conditions. Union members are, by default, always available to join the workforce even if there is work to be done or not. Sometimes, union members are assigned duties their abilities outperform just to avoid having the member unemployed. These are the reasons why unions are said to contribute to natural unemployment.

5 0

3 years ago

Benson Company produces flash drives for computers which have variable costs of $10 per flash drive to produce. Each flash drive

Leno4ka [110]

Answer:

It increases by 50 units.

Explanation:

Current break even point = $\frac{Fixed\:Cost}{Contribution\:per\:unit}$

Here, fixed cost = $4,500

Contribution per unit = Selling price - Variable Cost = $20 - $10 = $10

Current break even point = $\frac{4,500}{10} = 450 units$

If variable cost increase by 10% then revised variable cost = $10 + 10% = $11

Contribution per unit = $20 - $11 = $9 per unit

Break even sales in units = $\frac{4,500}{9} = 500 units$

Difference in original and revised break even = Revised - Original = 500 - 450 units = 50 units,

Thus original break even increases by 50 units, = 50/450 = 11.11% increase.

Final Answer

It increases by 50 units.

6 0

2 years ago

I was banned until I wasn't banned and I'm still here. How???

Valentin [98]

Answer:

waaaaassssssupppppppppppp

7 0

3 years ago

Read 2 more answers

suppose you want to change your school and join another one which is very expensive.make a list of the possible risks while join

enyata [817]

Answer:

getting bullied being lonely no friends not fitting in

Explanation:

6 0

2 years ago

Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31. A. On December 31, Couga

True [87]

Answer and Explanation:

The Preparation of bank reconciliation for Cougar Corp. as of December 31 is shown below:-

Cougar Corp.

Bank reconciliation

For the year ended December 31

Particulars Amount

Bank balance Dec 31 $24,575

Add: Deposit in transit $2,500

Less:

Outstanding checks #302 ($180)

Outstanding checks #303 ($95)

Outstanding checks #304 ($25) ($300)

Bank balance adjusted $26,775

Cash balance on 31 Dec $26,504

Add: EFT from customer $1,700

Add: Interest income $21 $1,721

Less: Posting error

($5,400 - $4,500) $900

Less: NSF check $500 $1,400

Book balance adjusted $26,775

Hence, the bank balance and the book balance are matched

8 0

2 years ago