Answer: Any of these answer choice is correct.
Explanation:
You didn't put the options to the question. The options are:
• There is no remaining obligation to transactions goods.
• The contract has been terminated.
• Goods have been delivered.
• Any of these answer choice is correct.
When consideration has been received before a contract is identified and the consideration is nonrefundable, then the revenue may be recognized when:
• There is no remaining obligation to transactions goods.
• The contract has been terminated.
• Goods have been delivered
Therefore, the correct option is any of the answer choice is correct.
Explanation:
The four factors that affect price elasticity of demand are
(1) availability of substitutes
(2) if the good is a luxury or a necessity
(3) the proportion of income spent on the good
(4) how much time has elapsed since the time the price changed.
Answer:
The present value is $938.82
Explanation:
Giving the following information:
Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year.
We need to discount the final value of $1,150 for each discount rate starting in year 3.
PV= FV/(1+i)^n
Year 3= 1,150/1.08= 1,064.81
Year 2= 1,064.81/1.07= 995.15
Year 1= 995.15/1.06= 938.82
The present value is $938.82
