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olasank [31]
3 years ago
10

Zack developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectivenes

s of irrigation. Sparky paid a licensing fee of $60,000 for a copy of the software. Although Sparky can use the software as long as it wants, Zack expects that Sparky will use the software for approximately 5 years. Zack will not have any continuing involvement with Sparky following transfer of the license. How much revenue should Zack recognize in the first year of the contract?
Business
1 answer:
Reil [10]3 years ago
5 0

Answer:

$60,000 or $12,000

Explanation:

1. Since Zack expects Sparky to use the developed software for a period of five years, we could assume that the revenue for the first year of the contract would be $60,000.

2. Or if we Spread out the average revenue for a period of five years from the licensing fee, 60,000 / 5 (years) would give us 12,000 dollars per year.

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In the business gift-giving world, if a company gives a gift to a potential client for the purpose of influencing their behavior
gizmo_the_mogwai [7]

Answer:

Context, culture and content

Explanation:

Gift giving in business is common and also contentious. Business gifts are often for advertising, sales promotion, and marketing communication medium.

These kind of gifts are for the following reasons:

1. In appreciation.

2. In the hopes of creating a positive first impression.

3. Returning a favor or expecting a favor in return for something.

When it comes to considering appropriate business gifts it is helpful for one to think about the content of the gift, the context of the gift, and the culture in which it will be received.

Giving a gift to a potential client for the purpose of influencing their behavior is a form of Bribery.

7 0
3 years ago
Supporters of rent control say that it _____ the price of renting an apartment. raises lowers does not change
denis23 [38]

Answer:

The answer is lowers.

Explanation:

Supporters of rent control say that it <u>LOWERS</u> the price of renting an apartment.

Rent control is an administration program that puts a limit on the sum that a landowner can charge for renting a home or for renewing lease  

Rent control laws are typically established by regions and the subtleties differ broadly. All are planned to continue living costs reasonable for lower-salary occupants.

Rent control laws mostly limit the amount a landlord can increase rents on existing tenants.  Therefore Rent control is controversial. In fact, 37 states have laws that forbid local governments from enacting such measures.

6 0
3 years ago
The Hoyt and Burgess models of land use both assume that __________. A. growth expands in zones along railroads and highways B.
algol13
The answer is D I hope this will help you.
8 0
1 year ago
Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. W
Daniel [21]
<h3>In the given scenario unemployment rate is 10% </h3>

Explanation:

In the given problem,

Number of People who are working is 90,000

Number of People who are not working but looking and available is 10,000

Unemployment rate = Percentage of the total labor force that is unemployed but actively looking for employment and ready to  work.  

Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))

Unemployment rate = ((10000 * 100) / (90000+10000))

Unemployment rate = (1000000 / 100000)

Hence, Unemployment rate = 10%

5 0
3 years ago
Read 2 more answers
MacKenzie Company sold $640 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 2.0% serv
lubasha [3.4K]

Answer:

.D)Debit Cash $627.20; debit Credit Card Expense $12.80 and credit Sales $640

Explanation:

Sales = $640

To recognize this,

Debit Cash              $640

Credit Sales            $640

Being entries to recognize sale and cash received.

On this sale, the bank deducts 2% of the sales value

Amount deducted = 2% × $640

                              = $12.80

To recognize this,

Debit  Credit Card Expense $12.80

Credit Cash                            $12.80

Being entries to recognize credit card expense incurred on sale.

As such, the net effect of the two entries

Debit  Cash                                  $627.20

Debit   Credit Card Expense       $12.80  

Credit Sales                                  $640

The right option is D)Debit Cash $627.20; debit Credit Card Expense $12.80 and credit Sales $640.

6 0
3 years ago
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