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wlad13 [49]
3 years ago
9

A performance obligation​ is: A. An enforceable promise in a contract with a customer to transfer a good or service to the custo

mer. B. An offer to transfer a good or service to the customer. C. An expectation of a customer for the receipt of a good or service by a vendor. D. A promise in a contract with a customer to transfer a good or service to the customer.
Business
2 answers:
vfiekz [6]3 years ago
8 0

Answer: D. A promise in a contract with a customer to transfer a good or service to the customer.

Explanation: A performance obligation is defined as an enforceable promise in a contract with a customer to transfer a good or service to the customer.

The good or service provided is distinct, in the sense that it is separable or separately identifiable, are substantially the same and have the same pattern of transfer. This is important because in order to identify performance obligations in a contract, firms needs to determine whether or not the goods or services are distinct.

Some examples of goods or services promised in a performance obligation includes sale of goods, resale of goods purchased, grants, constructing, manufacturing, or developing an asset on behalf of a customer etc.

Bumek [7]3 years ago
4 0

Answer:

The correct answer is D. A promise in a contract with a customer to transfer a good or service to the customer.

Explanation:

Performance obligations are those that the entity undertakes to carry out in the contract established with a client, performance obligations are related to the deliverables established or agreed upon in a contractual manner.

At the start of the contract, the entity must evaluate the goods or services promised in a contract with a customer and must consider as a performance obligation each commitment to transfer to the customer a good or service (or a group of different goods and services) or a series of different goods or services that are substantially the same and that have the same pattern of transfer to the client.

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A former employee of your firm was dismissed when it was suspected that she had stolen from the petty cash account. It could not
Flura [38]

Answer:

I would reccomend her, but I would tell the other company to be careful. She may not have been proven guilty, but it doesn not mean that she did not do it. Now, it is all up to the company to make the choice.

Explanation:

5 0
3 years ago
Prometheus Corp. is a large-scale manufacturer of consumer electronic gadgets. As part of its performance management system, Pro
myrzilka [38]

Answer: Critical success factors (CSFs)

 

Explanation:

 The critical success factor is one of the management element that helps in achieving the organizational main goals and their mission in an organization.

The main aim of the critical success factor is that it helps in evaluating all the key factor in the company for increase the performance and also helps in accomplishing the given task.

 According to the given scenario, the Prometheus corporation is one of the large electronic manufacturing firm and each employee of this company contributing in the profits as it is categorized as critical success factor.

 Therefore, Critical success factors (CSFs) is the correct answer.  

6 0
3 years ago
MC Qu. 107 The following information is available... The following information is available for a company's utility cost for ope
lianna [129]

Answer:

Variable cost Per Unit $2.50

Explanation:

Total cost at high activity = $8100

Total Cost at Low activity = $3600

Total Units at high activity = 2400

Total Units at low Activity = 600

Variable Cost Per Unit =  (High activity total Cost - Low activity total cost ) / (High Activity unit - low activity units)

Variable cost per unit = ($8100 - $3600) / (2400 - 600) = $4500 / 1800 = $2.50

7 0
3 years ago
Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter's Three Generic Strategies. Which of the foll
vodomira [7]

Answer:

The correct answer is A.

Explanation:

Low cost companies, such as Southwest, Horizon, Frontier and JetBlue, are already one of the first options when organizing a trip. Flying is easier and more accessible every day, partly thanks to the low prices that airlines offer us, but also more uncomfortable, so you may ask yourself: what tricks do airlines use to make flying so cheap now?

  1. Point to point routes. Low-cost companies do not offer transshipment services (network), so they save the cost of moving luggage from one plane to another and do not have to worry about the costs of connections between their routes.
  2. Staff costs. When operating point-to-point flights and only short and medium radius, low cost never pay hotels to their crews to spend the night outside the airport where they are destined. Pilots and cabin staff always return to their base. In addition, their salaries are usually lower than those of traditional airline personnel.
  3. Small airports. Operating in small airports and far from the main urban centers allows these airlines to avoid traffic jams, thus saving fuel and time.
  4. Homogeneous fleet. Low cost usually use modern fleets and similar models, allowing them significant savings in maintenance.
  5. Reduced services. These low-cost airlines do not serve meals, cut seat space and eliminate seat allocation, which saves a lot of time, but also money.
  6. Additional income. Most low-cost airlines promote a wide range of gifts and lotteries on board, which gives them significant extra income.
  7. It pays for everything. The reservation of tickets, billing at a counter and the right to carry a suitcase in the hold of the plane is paid with low-cost airlines.
  8. Less expenses at the airport. Many low cost even give up having customer service offices, replacing them with call centers that involve a high cost of calling.
  9. Public incentives. Many public administrations grant great economic aid to these low costs to prevent them from stopping to fly to their airports.
  10. Very high rotation. Companies basically care about two things: get the maximum number of flights and fill the planes to the maximum. A plane is only profitable when it is flying, so more flights, more profitability.
3 0
3 years ago
Sales revenue $944,200 Less: Cost of goods sold 598,100 Gross profit 346,100 Less: Operating expenses (includes depreciation exp
katovenus [111]

Answer:

$500

Explanation:

Net cash flow from operating activities is $500

4 0
2 years ago
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