Answer:
The correct answer is letter "B": The customer is likely to reject delivery of the asset.
Explanation:
In the corporate world, contract performance obligations are those established by two parties one to manufacture or render and deliver goods or services and the other to receive them. That contract can be signed in front of sales, resales, granting rights or constructing or developing an asset.
<em>Facts such as the right to payment for the goods, the client's risk of ownership of the title and the goods themselves can determine if the performance obligations are met or not but the possibility that represents the customer could reject the delivery of the product will not.</em>
Answer:financing terms, market conditions, location-A
Explanation:In making adjustments to a comparable property to arrive at a final adjusted sales price, tthis proper sequence should be followed----financing terms, market conditions, location-
A buisness has to understand it's Financial terms because it aims at providing funds for business activities whether in purchases or investing . Financial terms of a buisness considers it's a capital, without capital, a buisness cannot start up.
Market conditions is the economic environment suitable or unsuitable for buisness whether for production or investment. After a buisness understands it's financial terms, it tend to look at the Favorable conditions or unfavorable conditions(excess competition) that can make it easier to start, grow, enjoy returns.
After understanding if the market conditions are favourable considering inflation and deflation, interest rates, competition etc you will have to consider Location which is a also critical in every buisness venture.
Answer:
c. Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide.
Explanation:
Globalization of markets occurs when different markets in the world are integrated and merged into just one market when similar tastes, preferences, norms, convenience and values are identified which facilitate a gradual change in culture towards the use of similar commodities.
The the sale of the same pillows worldwide by the U.S.-based pillow company, Fluffy Pillows, is a good example of globalization of markets .This is because the company has been able to integrate and merger all the pillow markets in the world to just one and has therefore facilitated a gradual change in tastes and preferences for its pillow making the use of the same pillow possible worldwide.
I wish you all the best.
Answer:
Cost of goods sold will be overstated by $10,000
Net income will be understated by $10,000
Explanation:
The movements in inventory account can be shown as
Opening balance + purchases - cost of goods sold = ending balance
As such, understating the ending balance would result in an overstatement of cost of goods sold. This will in turn result in an understatement of gross and net income.
Answer:
D: $259,000
Explanation:
The computation of the paying amount which borrower can pay for a property is shown below:
= Mortgage loan amount for borrow ÷ loan-to-value ratio
= $220,000 ÷ 85%
= $258,823.53
= $259,000 round off
We simply divide the mortgage loan by the loan to value ratio so that paying amount could arrive which borrower can pay for a property.
