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
Ad libitum [116K]
3 years ago
11

Thomas Consultants provided Bran Construction with assistance in implementing various cost-savings initiatives. Thomas’s contrac

t specifies that it will receive a flat fee of $50,000 and an additional $20,000 if Bran reaches a prespecified target amount of cost savings. Thomas estimates that there is a 20% chance that Bran will achieve the cost-savings target. Required: 1. Assuming Thomas uses the expected value as its estimate of variable consideration, calculate the transaction price. 2. Assuming Thomas uses the most likely value as its estimate of variable consideration, calculate the transaction price. 3. Assume Thomas uses the expected value as its estimate of variable consideration, but is very uncertain of that estimate due to a lack of experience with similar consulting arrangements. Calculate the transaction price.
Business
1 answer:
expeople1 [14]3 years ago
6 0

Answer:

1. $54,000

2. $50,000

3. $50,000

Explanation:

1. The computation of transaction price if the expected value is used is shown below:

= Flat fee + (Cost savings × given percentage)

= $50,000 + ($20,000 × 20%)

= $50,000 + $4,000

= $54,000

2. The computation of transaction price if the estimate of variable consideration is used. So, only a flat fee should be considered and the cost saving is ignored. Hence, the amount is $50,000

3. The computation of transaction price if the estimate of variable consideration is used. So, only a flat fee should be considered and the cost saving is ignored. Hence, the amount is $50,000 as there is very uncertainty due to lack of experience

You might be interested in
Three strategies to use when negotiating a solution are to do the unexpected, to provide a way out, and to _____.
Alex Ar [27]
The last strategy is to have the willingness to apologize. It is because in order to negotiate a solution or solve them, it is best that a person should know and have the willingness to apologize, whether they are the reason why it happened or not because this is one of the strategy that will fix the situation for it is a sign of showing respect and to show that a person who has that attitude has the willingness to solve the solution and dismiss the argument. 
4 0
3 years ago
Read 2 more answers
11) One tenet of classical economics is that A) the role of the government should be limited, since the market will always be se
STatiana [176]

Answer:

The correct answer is A) the role of the government should be limited, since the market will always be self-correcting.

Explanation:

Principle of minimum state intervention, free market or laissez faire: at least government, the best, economic processes were considered as capable of self-regulation, in other words, economic forces themselves will direct production, exchange and consumption to Its most efficient level. State action must be confined to enforcing individual rights (especially property rights), providing national defense and some public services of general interest (justice, some types of education, etc.).

7 0
3 years ago
Ryan orders 16 dozen fishing lures from Strike Right for $375. When he gets the invoice, he is furious that $25 in freight charg
BARSIC [14]

Answer:F.O.B. destination

Explanation:

3 0
3 years ago
Copies Plus Print operates a copy business at two different locations. Copies Plus Print has one support department that is resp
Vika [28.1K]

Answer:

a. $24,000

Explanation:

60,000 fixed cost which, are allocated in the base of expected copies:

total expected copies: 600,000 + 400,000 = 1,000,000

Copy Center 2 represent 400,000 / 1,000,000 = 40% of the total copies volume for the period

Therefore from the 60,000 fixed cost the 40% was applied.

60,000 x 40 % = 24,000

7 0
3 years ago
What is a BFOQ? Should BFOQs be allowed?
Ulleksa [173]

Answer:

In employment law, a bona fide occupational qualification (BFOQ) (US) or bona fide occupational requirement (BFOR) (Canada) or genuine occupational qualification (GOQ) (UK) is a quality or an attribute that employers are allowed to consider when making decisions on the hiring and retention of employees—a quality that when considered in other contexts would constitute discrimination and thus be in violation of civil rights employment law. Such qualifications must be listed in the employment offering.[citation needed]

Explanation:

Canada

The law of Canada regarding bona fide occupational requirements was considered in a 1985 Canadian court case involving an employee of the Canadian National Railway, K. S. Bhinder, a Sikh whose religion required that he wear a turban, lost his challenge of the CNR policy that required him to wear a hard hat.[1] In 1990, in deciding another case, the Supreme Court of Canada amended the Bhinder decision: "An employer that has not adopted a policy with respect to accommodation and cannot otherwise satisfy the trier of fact that individual accommodation would result in undue hardship will be required to justify his conduct with respect to the individual complainant. Even then the employer can invoke the BFOQ defence."[2]

United States

In employment discrimination law in the United States, both Title VII of the Civil Rights Act of 1964 and the Age Discrimination in Employment Act contain a BFOQ defense. The BFOQ provision of Title VII provides that:

[I]t shall not be an unlawful employment practice for an employer to hire and employ employees, for an employment agency to classify, or refer for employment any individual, for a labor organization to classify its membership or to classify or refer for employment any individual, or for an employer, labor organization, or joint labor-management committee controlling apprenticeship or other training or retraining programs to admit or employ any individual in any such program, on the basis of his religion, sex, or national origin in those certain instances where religion, sex, or national origin is a bona fide occupational qualification reasonably necessary to the normal operation of that particular business or enterprise ...[3]

i'm not able to add the balance of the answer so pls go to https://en.wikipedia.org/wiki/Bona_fide_occupational_qualification

5 0
3 years ago
Other questions:
  • Boris, Graham, and Chris have been best friends since grade school. Boris is a flight attendant for Delta, Graham is a conductor
    14·1 answer
  • When determining costs of jobs, how does a company account for indirect materials?
    14·1 answer
  • When disassembling a computer, it is okay to stack circuit boards on top of each other as long as you follow esd protection rule
    5·1 answer
  • When you are willing to pay $5 for a hamburger but you pay $4 for it, your consumer surplus for the hamburger is:?
    11·1 answer
  • Due to disagreement between senior interviewers at Calvtipy, a publishing firm, the human resources department gave each of the
    6·1 answer
  • During the maturity stage of the product life cycle, the: a.number of new firms producing the current product increases. b.produ
    6·2 answers
  • Red Co. recorded a right-of-use asset of $100,000 in a 10-year finance lease. Payments of $16,275 are made annually at the end o
    10·1 answer
  • In year 1, Rim Corporation purchases 1,000 shares of treasury stock for $10 per share. In year 2, Rim reissues 100 shares of the
    6·1 answer
  • The GDP price index is multiple choice 3 computed for each industry sector. a measure of the price of a specified collection of
    14·1 answer
  • One of your customers has decided to commit $10,000 to fixed income. She is trying to decide if it makes more sense to invest in
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!