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
sweet-ann [11.9K]
3 years ago
7

"Assume that the scales, software and calibration service are all separate performance obligations. How much revenue will Ortiz

recognize in 2021 for this contract?"
Business
1 answer:
bezimeni [28]3 years ago
6 0

Answer: $77250

Explanation:

Your question isn't complete. I saw a similar question so here is it.

On July 15, 2021, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $79,200. The system included finely tuned scales that fit into EverFresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. (Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's systems.) If Ortiz was to provide these goods or services separately, it would charge $51,000 for the scales, $10,000 for the software, and $39,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2021, and the calibration service commenced on that date. Assume that the scales, software and calibration service are viewed as one performance obligation. How much revenue will Ortiz recognize in 2021 for this contract?

This will be calculated as:

Scales = $51000

Add: Software = $10,000

Add: Calibration service = $39000 × 5/12 = $16250

The total revenue that will be recognized will be:

= $51000 + $10000 + 16250

= $77250

You might be interested in
Mendenhall Corporation constructed a building at a cost of $14,000,000. Weighted Average accumulated expenditures were $5,600,00
Harman [31]

Answer:

$329,000

Explanation:

Please see attachment .

8 0
4 years ago
ORIS & ENTERTAINMENT
ddd [48]

The percentage of the total salary that is paid with the total team salary to running backs is 9 parentage.

<h3>What is running back?</h3>

In gridiron football, a running back is defined as a member of the violative backfield.  A running back's fundamental obligations are receiving handoffs from the quarterback, lining up as a receiver to catch the ball, and blocking.

<u>Computation of percentage of running back</u>:

Firstly, calculate the amount of running back:

\text{Total Amount Of Running Back} = \$1000,000+ \$850,000+\$750,000+\$5000,00\\\\\text{Total Amount Of Running Back} =\$31,00,000

Then, the percentage of total salary is paid to running backs are:\

=\dfrac{\text{Total Amount of Running Backs}}{\text{Total Team Salary}}\\\\=\dfrac{\$31,00,000}{\$33,00,00,00} \\\\=9\%(App.)

Therefore, option b is correct.

Learn more about the running back, refer to:

brainly.com/question/14312628

#SPJ1

5 0
2 years ago
A team has been assembled to work on the company's new marketing campaign. Bill, the creative one of the group, has been charged
Mekhanik [1.2K]

Answer:

Job specialization.

Explanation:

Analyzing the scenario of the question above, it is possible to state that the division of labor related to this team is the division by specialization of labor.

The work subdivision that turns the general task into smaller tasks that will be the responsibility of just one member of the team, is called work specialization. This concept was very widespread by Taylor in scientific administration, as he believed that specialization increases the productivity and efficiency with which tasks are performed.

Becoming an expert in a task means that the employee will have enough competence, knowledge and technique to perform that task more quickly and effectively, which reduces organization costs with training, increases the team's speed, innovation and motivation .

6 0
3 years ago
Before a significant risk medical mobile app (MMA) study can commence, what does the sponsor need to do
Minchanka [31]

Based on operational standards, before a significant risk medical mobile app (MMA) study can commence, the sponsor "<u>must have an approved IDE from FDA."</u>

<h3>What are IDE and FDA?</h3>

IDE is the acronym of Investigational Device Exemption. Approval of IDE validates the investigational device to be utilized in medical research to obtain safety and efficacy data.

Similarly, FDA is the acronym of Food and Drug Administration. The responsibility of the FDA is to ensure there is safety and security of human and veterinary commodities, including drugs, biological products, and medical devices, among others.

Hence, in this case, it is concluded that the correct answer is that the sponsor "<u>must have an approved IDE from FDA."</u>

Learn more about the FDA here: brainly.com/question/14164603

3 0
3 years ago
which of the businesses below uses a periodic inventory method? a grocery store a bookstore an auto parts store an art gallery
VladimirAG [237]

An art gallery can be a type of business that uses a periodic inventory method.

<h3>What is a periodic inventory method?</h3>

It corresponds to a system used by companies to control and evaluate their stock. In this periodic system, the inventory account would be closed only after an accounting period, such as 1 month or 1 year for example.

In the periodic inventory, the stock accounts would not be updated after each sale and purchase, and the company would be able to analyze and track its stock only after the end of the stipulated accounting period.

Therefore, an art gallery would probably be a company that would use the periodic inventory system because it offers works of art that are generally unique and do not have more than one piece in stock, and sell few units per month.

Find out more about periodic inventory on:

brainly.com/question/25887081

#SPJ1

3 0
1 year ago
Other questions:
  • Which factor is a component of verbal communication ?
    11·1 answer
  • In _____, clients pay contractors to design and construct new facilities and train personnel.
    12·1 answer
  • Sacrificing your own self interests for the good of the overall goal is ______.
    9·2 answers
  • Accounts receivable balances are required to be reflected at net realizable value as of the balance sheet date. Use of the allow
    12·1 answer
  • A company uses the percent of receivables method to determine its bad debts expense. At the end of the current year, the company
    11·1 answer
  • Aria’s, Inc. has 1,000 shares of 5%, $100 par value cumulative preferred stock and 10,000 shares of $1 par value common stock ou
    10·1 answer
  • People who make goods and services are called _____ . <br> consumers<br> producers<br> investors
    6·2 answers
  • Transformational leaders tend to have personalities that are more extraverted, agreeable, and proactive than nontransformational
    6·1 answer
  • A manufacturing firm is deciding whether to invest in a new printer that needs an initial investment of $150,000. This will incr
    10·1 answer
  • Consumers in the depression generation prefer the rapid, brief receipt of information via social media channels. True or false
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!