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Inessa05 [86]
3 years ago
13

Tulane Tires wrote a contract for a $110,000 sale to the new Garden District Tour Company. Tulane only anticipates a slightly gr

eater than fifty percent chance that Garden will be able to pay the amounts that Tulane is entitled to receive under the contract. Upon delivery of the tires, assuming no payment has yet been made by Garden, how much revenue should Tulane recognize under U.S. GAAP?
Business
1 answer:
Aloiza [94]3 years ago
4 0

Answer:

the Revenue Under US GAAP is $0

Explanation:

Revenue from the sale of goods or products should not be recognized until it is earned and realized, or realizable. Revenue is generally earned and realized, or realizable.

Therefore, the Revenue Under US GAAP is $0.

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Hot dog vendors on the beach fail to cooperate with one another on the quantity of hot dogs they should sell to earn monopoly pr
Verizon [17]

Answer: A consequence of their failure is that, relative to the outcome the vendors would like,

<em><u>(i) the quantity of hot dogs supplied is closer to the socially optimal level.  </u></em>

<em><u>(ii) the price of hot dogs is closer to marginal cost. </u></em>

In this case the hot vendor are relatively creating externalities. i.e. Hot dog vendors on the beach fail to cooperate with one another on the quantity of hot dogs they should sell to earn monopoly profits.

3 0
3 years ago
Nan and Neal are twins. Nan invests $5,000 at 7 percent at age 25. Neal Invests $5,000 at 7 percent at age 30. Both investments
FromTheMoon [43]

Answer:

e) Nan will have more money than Neal at any age.

Explanation:

In compound interest, the interest earned in the year is added to the principal amount at the beginning of the next year. Earned interest becomes part of the principal which makes it earn interest. Adding interest to the principal to earn more interest is known as compounding.

The longer the investment period is, the more time interest will be compounded, and the more the investment will grow.  Nan made her investment at age 25. By the time she retires, her investment period will be 35 years.  Neil started her investment at age 30. At any given time after they are both age 30, Nan's investment will have earned compounded interest five more times than Neil. Therefore, Nan will have more money at any given time.  

4 0
4 years ago
Expenses that are paid in advance are held on the balance sheet until the end of the accounting period when they are transferred
amm1812

Answer: False

Explanation: The expenses appear directly in the income statement and indirectly in the balance sheet.

It is useful to always read both the income statement and the balance sheet of a company, so that the full effect of an expense can be seen.

6 0
3 years ago
All of the following are qualities of certification programs except:
Rufina [12.5K]

Answer:

A

Explanation:

nor sure but I think this is the right one

6 0
3 years ago
Which is true in a perfect economy ?
Iteru [2.4K]

Answer:

business owners should focus on pricing their products correctly so customers choose it over competitors products.

Explanation:

Mark me brainlest!

8 0
3 years ago
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