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krok68 [10]
3 years ago
5

Which of the following is not one of the steps for recognizing revenue? Identify the performance obligations of the contract. Id

entify the contract with the customer. Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods and Allocate the transaction price to the performance obligations.
Business
1 answer:
9966 [12]3 years ago
4 0

Answer:

The answer is letter "D": Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods.

Explanation:

There are five steps for revenue recognition established by the Financial Accounting Standards Board (<em>FASB</em>) which are: <em>Identifying the contract with a customer; Identifying the performance obligations in the contract; Determining the transaction price; Allocating the prices to the performance obligations </em>and<em>; Recognizing revenue.</em>

In that sense, estimating the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods has nothing to do with it.

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The correct answer is job specifications. Job specifications is being defined as a statement in regards of the essential components of the job class by which it includes the summary of the work that are to be performed, responsibilities, minimum qualifications, and as well as the primary duties.

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A bank provides its customers mobile applications that significantly simplify traditional banking activities. For example, a cus
il63 [147K]

Answer:

The correct answer is A. Differentiation.

Explanation:

They are marketing strategies used by companies to highlight a product about similar offers in the market.

This strategy seeks to provide the company with a competitive advantage, it is important that this strategy is directed directly to a specific segment of the market and delivers a concrete and positive message about the different product to other products in a market.

This strategy offers a small business survival opportunity when they compete in a market dominated by large companies.

It is important that the company is clear about the principle of this type of strategy, since achieving being different is not the objective, the particularity is being relevant and achieving consumer preference, that is, it is not enough to be different from the others, that difference must be followed by a benefit that the client supposes important and effective.

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3 years ago
\Select the three generic business strategies Porter identified for entering a new market. Multiple select question. Focused lea
Dahasolnce [82]

broad differentiation, focused strategy, and broad cost leadership are the three Generic business strategies Porter identified for entering a new market.

<h3>What are Generic business strategies?</h3>

A Generic business-level strategy is a broad approach to a company's positioning within a sector. Executives can concentrate on the essential components of business-level plans by focusing on generic strategies. The most widely used set of generic strategies is derived from the work of Harvard Business School Professor Michael Porter.

The foundation of any business-level strategy, in Porter's opinion, is two competitive dimensions. The first factor is the source of competitive advantage for a company. This factor examines whether a company seeks to outperform competitors by cutting costs or by providing a niche product.

The range of a company's operations is the second factor. This aspect pertains to whether a company tries to target clients generally or whether it only aims to draw in a certain customer demographic.

These choices lead to the following four general business-level strategies:

  • Broad cost leadership,
  • Broad differentiation,
  • Focused cost leadership,
  • Focused differentiation.

To know more about Generic business strategies refer to:  brainly.com/question/27403764

#SPJ4

8 0
2 years ago
Read 2 more answers
Concord Company had bonds outstanding with a maturity value of $311,000. On April 30, 2017, when these bonds had an unamortized
Dmitrij [34]

Answer:

<u>Redemption of Old Bonds</u>

4-30-17   Bonds Payable                              $311000 Dr

              Loss on Bond Redemption           $26550 Dr

                       Discount on Bonds Payable        $11000 Cr

                       Cash                                                $326550 Cr

<u>Issuance of New Bonds</u>

3-30-17   Cash                                                 $314110 Dr

                     Premium on Bonds Payable            $3110 Cr

                     Bonds Payable                                  $311000 Cr

Explanation:

<u>Redemption of Bonds Payable</u>

The maturity value for bonds payable is equal to the face value of these bonds. This means that the face value of old bonds was $311000.

The bonds were carrying a discount. Thus, the carrying value of bonds was

Carrying value = Face value - Discount

Carrying value = 311000 - 11000    =  $300000

Bonds with a carrying value of $300000 were redeemed at 105% of the face value. The cash paid for redemption is,

Cash paid = 311000 * 105%  =  326550

Thus, there was a loss on redemption of = 326550  -  300000  = $26550

<u />

<u />

<u>Issuance of Bonds Payable</u>

The bonds were issued at 101% of the face value which means they were issued at a premium.

The amount of premium on these bonds is,

Premium = Carrying value - Face value

Premium = 311000 * 101%  - 311000  

Premium = $3110

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3 years ago
The major disadvantages of forming a business under a _____ structure is that there is double taxation of profits, and the cost
photoshop1234 [79]

Answer:

The correct answer is Corporations.

Explanation:

Corporate structure refers to how a business is organized to meet its objectives. The corporate structure of a business is important because it determines the ownership, control and authority of that corporation. These characteristics in a corporation are represented by 3 actors: Shareholders, Board of Directors and Directors. The ownership (the owners) are the shareholders. The control is executed by the board of directors on behalf of the shareholders, while the authority over the day-to-day operations is carried out by the Directors.

8 0
3 years ago
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