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
olasank [31]
2 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]2 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.

You might be interested in
Imagine an economy in which: (1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goo
Tomtit [17]
<span>Imagine an economy in which:
(1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goods and services, so it would be common to use, say, 50 yollars to buy a pair of shoes;
(2) prices are posted in terms of yardsticks, so you might walk into a grocery store and see that, today, an apple is worth 2 yardsticks; and
(3) yardsticks disintegrate overnight, so no yardstick has any value for more than 24 hours.

In this economy, the yardstick is a unit of account but it cannot serve as a store of value.</span>
4 0
3 years ago
The following information is available for the pension plan of Concord Company for the year 2020.
anzhelika [568]

Answer:

$93,900

Explanation:

Computation for pension expense for the year 2020.

PENSION EXPENSE

Service cost $54,700

Interest cost $45,200

($452,000 * 0.10)

Less Actual return ($13,800)

Amortization of PSC $7,800

Pension expense $93,900

Therefore the pension expense for the year 2020 is $93,900

4 0
2 years ago
How does the effectiveness of the team members influence the group's development process?
igomit [66]
Team effectiveness can be judged by measuring the gainful yield of the group. On the off chance that a person on the group is not investing the exertion the improvement procedure can be longer. A gathering turns into a group when the accompanying criteria are met: Leadership turns into a common movement, Accountability shifts from entirely individual to both individual and group, The gathering builds up its own motivation or mission, Problem-fathoming turns into a lifestyle, not low maintenance action, Effectiveness is measured by the gathering's aggregate results and items. In light of contentions because of force, expert, and temperamental interpersonal connections, many works gathers never qualify as a genuine group.
5 0
3 years ago
Free <br><br> nh<br> h<br><br> h<br> h<br> h<br> h<br> h<br><br> h<br> h<br> h<br> h<br><br> hh
valina [46]

Answer:

i agree

Explanation:

3 0
2 years ago
Read 2 more answers
If you were planning a budget, which amount would you use to record your income?
d1i1m1o1n [39]
Money that’s the amount you would use
4 0
3 years ago
Other questions:
  • What type of report must accompany claims when an unusual, new, seldom used, or category i unlisted code or category iii code is
    8·1 answer
  • In 1915, peter oberweis started selling his excess milk to his neighbors. by 1927, he decided to start a more formal business so
    12·1 answer
  • Which of the following statements is true regarding the Worker Adjustment and Retraining Notification (WARN) Act? a Most federal
    15·1 answer
  • High valley antiques would like to issue new equity shares if its cost of equity declines to 10.5 percent. the company pays a co
    14·1 answer
  • Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5 a
    8·1 answer
  • If the stock market is semistrong-form efficient, which of the following statements would be CORRECT? a. Even if a market is sem
    8·1 answer
  • Paris won a lawsuit against railroad, and was given a settlement check. the check somehow came to be in eddy's possession. eddy
    9·1 answer
  • SKRAM Corporation is appealing directly to the shareholders of IDNIC Corporation to acquire shares of IDNIC stock. This appeal i
    10·1 answer
  • Who will win the fight tomorrow jake paul or ben askren <br> winner gets brainlest
    6·2 answers
  • A firm that is considering changing the colors used on its packaging wants to determine the effect of different color schemes on
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!