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
rusak2 [61]
3 years ago
15

Kinnamont Company manufactures farming equipment that includes navigational systems as part of the standard equipment package an

d offers optional training on any navigational systems for an additional fee. Smith Company enters into a contract with Kinnamont that includes a combine, a navigational system, and training. Identify the performance obligations to which Smith should allocate the transaction price:A. The combine, the navigational system, and the training as three separate performance obligations.
B. The combine including the navigational system and the training as two separate performance obligations.
C. The combine, the navigational system, and the training account for one performance obligation because they are all part of the same contract.
D. No performance obligations exist because the work on the contract, including the training, has not begun.
Business
1 answer:
mario62 [17]3 years ago
4 0

<u>Answer:</u> Option B

<u>Explanation:</u>

The contract between Kinnamont and Smith covers two obligations that needs to be performed one is to provide a navigational system and other is training. Both the obligations needs to be provided together as a combine. The accounting for the contract which has multiple performance obligations should allocate transaction pricing separately for each obligation that needs to be performed.

So the transaction pricing in this scenario has to be allocated for navigational system and training separately. The price is not split between the obligations but the price has to be measured based on the work done.

You might be interested in
1+1<br><br> \ROAST BACK TIMES GOOOOOO GOOOOOOO GOOOOOOO
Anna71 [15]
The answer is 3 most definitely three lol 1+1=3 yup you bet lol
7 0
3 years ago
Read 2 more answers
When a supplier is restricted to operating during certain hours, which in turn limits its quantity supplied, the elasticity of s
enyata [817]

Answer:

C. less than 1

Explanation:

Supply is elastic if producers can increase output without a rise in cost or a time delay which means Price elasticity of supply is more than 1.

Supply is inelastic if producers find it hard to change production in a given time period which means Price elasticity of supply is less than 1.

When Price elasticity of supply equals 0 then supply is perfectly inelastic.

4 0
2 years ago
Which of the poeple or insittiuations listed exercises the msot power over the quantity of money in the united states economy?
givi [52]

The United States has issued a variety of currency notes for use in paying income tax, making investments, and making purchases from colonial to current times. Alexander Hamilton establishes the Bank of the United States in order to create a system of credit for the government.

<h3>What does an increase in labor efficiency mean?</h3>

favorable change If the labor efficiency variance is in the company's favor, it means that the workforce is operating as it should and that the number of hours it spends producing is in line with the business's planned criteria.

<h3>What do the symbols on Continental currency designs represent?</h3>

In a number of designs of Continental Currency, the thirteen colonies that battled and vanquished Great Britain during the American Revolution are shown. These representations represent the aspirations and virtues of the colonies.

Learn more about banknotes:

brainly.com/question/15795738

#SPJ4

8 0
1 year ago
On its December 31, 20X5 balance sheet, Shin Co. has income tax payable of $13,000 and a current deferred tax asset of $20,000,
mariarad [96]

Answer:

$10,000

Explanation:

To calculate income tax expense we must add income liability for the year, minus the changes in deferred tax accounts and add the change in value for deferred tax assets.

income tax expense = $13,000 - ($20,000 - $15,000) + ($20,000 x 10%) = $13,000 - $5,000 + $2,000 = $10,000

3 0
3 years ago
Why is the primary sector important to the South African economy?​
Fynjy0 [20]

Answer:

However, the economy has been characterised by a structural shift in output over the past four decades.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.

Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.

Explanation:

South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.

4 0
2 years ago
Other questions:
  • The most likely promotion objective among companies in the Top 20 of sports spending is to inform and educate because they are i
    11·1 answer
  • Ken went to the store for his mother. He spent $2.37 on groceries. In addition, his mother said he could spend $0.35 on candy. W
    11·1 answer
  • Newspaper 14 think and review
    11·1 answer
  • EB5.
    6·1 answer
  • OB research on job performance and individual characteristics draws primarily from studies in ___________. a.social relationship
    13·2 answers
  • Energizer emphasizes the importance of a relationship marketing. Why?
    15·1 answer
  • Why is a w-2 form so important
    7·1 answer
  • Which of the following describes the mission of an organization? a. Who are we? Who will we become? b. What do we stand for and
    11·1 answer
  • Mitchell Co. has $1.1 million of debt, $3 million of preferred stock, and $3.3 million of common equity. What would be its weigh
    8·1 answer
  • In what ways are big businesses linked with sport
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!