Answer:
a. One performance obligation
b. Revenue $220,416
Explanation:
a. Based on the information given the PERFORMANCE OF OBLIGATIONS that are there in each sale of a box of soap is ONE.
b. Calculation to determine How much revenue should Aria recognize in January
Using this formula
Revenue= (Number of boxes sold × Price per box) - (Sales returned percentage ×Number of boxes sold* Price per box)
Let plug in the formula
Revenue=( 2,870 boxes × $80)- (4% × 2,870 boxes × $80)
Revenue= $229,600 - $9,184
Revenue= $220,416
Therefore revenue that Aria should recognize in January is $220,416
Carpenters work with wood, so I think it should be B, since that doesn't include wood.
Answer:
0.64
Explanation:
Debts to total asset ratio = Total liabilities / total assets
For J.Cox Inc 2016; Debts to total asset ratio = $47,422 / 73,744
Debts to total asset ratio = 0.64306
Debts to total asset ratio = 0.64
2016 debt-to-total-assets ratio for J. Cox, Inc. is 0.64
Answer:
$49.81
Explanation:
The stock price of the one share of the preferred stock in the given question shall be determined through the dividend valuation formula which is given as follow:
Price of share=Dividend per share/Rate of return
In the given question:
Dividend per share=$5.20
Rate of return=10.44%
Price of share=5.20/10.44%=$49.81