1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nekit [7.7K]
4 years ago
11

Waldman Associates received a written, approved contract to deliver economic consulting services, with service and payment comme

ncing in one month. The contract specifies the services that Waldman is to perform, and the payment terms. Waldman and the customer both can cancel the contract without penalty prior to commencing service. Does Waldman have a contract for purposes of revenue recognition on the day the contract is received
Business
1 answer:
inysia [295]4 years ago
7 0

Answer:

Waldman Associates

Waldman does not have a contract for purposes of revenue recognition on the day the contract is received.

Explanation:

Revenue from contracts with customers becomes recognizable after the performance of the obligations and not before.  Revenue is recognized when the contractor has transferred the benefits to the beneficiary and not before. Revenue, in this instance, is to be recognized based on past performance.  According to IFRS 15 and ASC 606, revenue is recognized when each performance obligation has been fully satisfied.  This is the point when economic benefit has been conferred on the other contracting party.

You might be interested in
You are watching a production in which the scenery on stage consists of many multi-colored cubes that the actors move around and
OLga [1]

Answer: Presentation design

Explanation:

Presentation design involves using different ideas, pictures, images and arranging them in a slide to tell a story and engage an audience. This approach uses visuals to bring out the major message from a slide.

7 0
3 years ago
Noneconomic groups, such as Texans for Public Justice and other groups working in the public interest, tend to be less powerful
lorasvet [3.4K]

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, noneconomic groups are the ones that do not persuit economic profits but instead they seek for the common good and the improvement of the social communties regarding subjects such as the environment and more. Moreover, these groups<u><em> tend to be bigger than the other ones but less effective and less powerfull</em></u> as well due to the fact that they<u><em> do not manage money and therefore they do not have influence</em></u> or powerful contacts to make thins happen properly, instead they encourage people to act by letting them know the truth about controversial topics and therefore is that these groups commonly will be less powerful than the ones that do manage money.

6 0
3 years ago
The concept of demand is best described as the quantity of a good or a service that people will offer for sale at different poss
Igoryamba

Answer:

the quantity of a good or a service that people are willing and able to purchase at different possible prices.

Explanation:

The demand concept would be refer to the various quantity amount in which the people are willing and able to buy at various prices so the demand concept deals with the goods or service quantity in which the purchaser would purchase at various prices that can be possible

Hence, the above represent the answer

7 0
3 years ago
The income statement for Nadeen, Inc. shows income before income taxes $700,000, income tax expense $210,000 and net income $490
katrin [286]

Answer:

B $4.90

Explanation:

The earnings per share ratio (EPS), is an entities net income after tax that is available the shareholders divided by the weighted average number of shares of common stock that are outstanding during the period of the earnings.

As such, given;

net income after tax = $490,000

number of shares = 100,000

EPS = net income after tax/number of shares

= $490,000/100,000

= $4.90

4 0
3 years ago
According to Trompenaars, it is important to play hardball, test the resilience of the
Mandarinka [93]
The correct answer is - believe in dominating the environment.
You need to show those cultures that they aren't the only ones that can dominate over everybody else, but rather to show some competition and let them know they aren't the strongest culture in the market, and that they have many competitors. 
5 0
4 years ago
Other questions:
  • Brittany provides manicures at the only salon in town. Her marginal cost is constant at $5 per client, her fixed cost is $25 per
    7·1 answer
  • Exercise 14-12 On January 2, 2012, Metlock Corporation issued $1,250,000 of 10% bonds at 97 due December 31, 2021. Interest on t
    11·1 answer
  • When every element in a salad could easily stand on its own, the salad is
    6·1 answer
  • Once you’ve saved 25 years for retirement, how much can you draw from the retirement account over the next 30 years? In cell B14
    11·1 answer
  • Largo Company recorded for the past year sales of $414,400 and average operating assets of $259,000. What is the margin that Lar
    9·1 answer
  • under FINRA rules, numbered accounts are: A prohibited B permitted with the prior approval of FINRA C permitted if the firm main
    7·1 answer
  • If these patterns hold for decreases as well as for increases, by how much would the value of the financial securities decline i
    13·1 answer
  • Being a mason requires a five-year apprenticeship, a program that requires trainees to work for an experienced mason in order to
    9·1 answer
  • Christie operates a small cookie business. what type of income does she earn? a. earned income b. unemployment income c. investm
    11·1 answer
  • in a value chain, service involves . group of answer choices a. processing raw materials into finished goods b. identifying cust
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!