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Elanso [62]
4 years ago
5

Exercise 6-5 (Algo) Performance obligations [LO6-2, 6-4, 6-5] On March 1, 2021, Gold Examiner receives $156,000 from a local ban

k and promises to deliver 106 units of certified 1-oz. gold bars on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink’s, a third-party carrier. In addition, Gold Examiner has agreed to provide a replacement shipment at no additional cost if the product is lost in transit. The stand-alone price of a gold bar is $1,410 per unit, and Gold Examiner estimates the stand-alone price of the replacement insurance service to be $90 per unit. Brink’s picked up the gold bars from Gold Examiner on March 30, and delivery to the bank occurred on April 1. Required: 1. How many performance obligations are in this contract? 2. to 4. Prepare the journal entry Gold Examiner would record on March 1, March 30 and April 1.
Business
1 answer:
kirill [66]4 years ago
5 0

Answer:

stisgksgksgkdkhclhlfjfpj

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According to the eNotes, how many TEUs would you have with 70 twenty-foot containers and 30 forty-foot containers?
AfilCa [17]

Here are the things needed to be considered:

20 feet= 1 TEU

40 feet= 1 TEU

<span>For 70 twenty-foot containers, multiply it with the conversion factor (1 TEU/1 twenty-foot) then cancel the twenty-foot unit. The answer is 70 TEUs. As for 30 forty-foot containers, you apply the same process but you use the 2nd conversion factor which is (2 TEUs/ 1 forty-foot). The answer is 60 TEUs. </span>

<span>So 70+ 60= 130 TEUs

</span>

3 0
3 years ago
Ivan has plenty of money to invest but so far has bought high-risk securities. Explain how Ivan could diversify and whether it i
Nookie1986 [14]

Answer:

Its important to diversify because it can help an investor manage risk and reduce the volatility of an asset's price movements. If his high risk investment backfires hes left with almost nothing, diversifying can give him a safety blanket just incase. The many ways he can diversify include, but aren't limited to, Use asset allocation or target date funds, Invest in a mix of mutual funds or ETFs, Customize with individual stocks and bonds, Vary company size and type, Invest abroad, and add complexity.

Explanation:

3 0
3 years ago
Unrestricted net assets comprised $7,500,000 of assets and $4,500,000 of liabilities (including deferred revenues of $150,000).
Liula [17]

Answer:$200,000

Explanation:

The equivalent amount of wages in the area for the services performed by the volunteer represents the amount that was saved by the firm by using the volunteer for the execution of the services. The sum will be credited into the income statement through a journal and the amount actually paid to the volunteer will be debited to the income statement to leave a net income of $182,000.

4 0
4 years ago
When a manufacturer advertises to wholesalers and retailers in an attempt to encourage them to carry its products, it is engagin
ICE Princess25 [194]
B. False 
Institutional advertising does not attempt to sell anything directly. It is type of advertising intended to promote company, business, institution or other similar entity.
3 0
4 years ago
The CAPM is built on historic conditions, although in most cases we use expected future data in applying it. Because betas used
dimaraw [331]

Answer:

False

Explanation:

The reason is that the betas are calculated using the past data which means that the Capital asset pricing model solely rely on the past data which is not the strength of the CAPM. It is basically a weakness of the model so the statement is incorrect.

4 0
3 years ago
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