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Crank
3 years ago
10

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:
mylen [45]3 years ago
6 0

Answer: $64,800

Explanation:

The expected is calculated as follows:

Expected amount

$88,000 ($59,000 fixed fee + 29,000 bonus)×20% =$17,600$59,000

($59,000 fixed fee + 0 bonus)×80% =47,200

Expected contract price at inception$64,800Or

You might be interested in
Oriole Company uses the gross method to record sales made on credit. On June 10, 2020, it sold goods worth $247000 with terms 2/
aleksandr82 [10.1K]

Answer:

$123,500

Explanation:

The computation of the amount reported in the financial statements is shown below

= Sales amount - the amount of sales received

= $247,000 - $247,000 × 50%

= $247,000 - $123,500

= $123,500

by deducting the amount of sale received from the sales amount we can get the amount i.e to be reported in the financial statements

4 0
3 years ago
Chelsea Company has sales of $400,000, variable costs of $10 per unit, fixed costs of $100,000, and a target profit of $60,000.
cricket20 [7]

Answer:

24,000

Explanation:

Chelsea company had sales of $400,000

Variable cost is $10 per unit

Fixed costs is $100,000

Tarhet profit is $60,000

Thetefore The units sold can be calculated as follows

400,000-10Q-$100,000= $60,000

$400,000-$100,000-10Q= $60,000

$300,000-Q= $60,000

$300,000-$60,000= 10Q

$240,000= 10Q

Q= 240,000/10

Q= 24,000

5 0
3 years ago
Wnich of these skills is the cognitive ability to see the organization as a whole and the relationship amon parts? a. Human b. R
katrin2010 [14]

Answer:

c. Conceptual

Explanation:

The skill that best suits the cognitive ability to see the organization as a whole and the relationship between the parties is the conceptual skill.

This is an essential skill for managers who will manage the systems that comprise the organization, because through conceptual skill it is possible to learn through experience, planning, innovation through ideas and solutions, which can help the manager to order the leadership and decision-making process effectively for the company as a whole, in addition to facilitating the process of assertive communication aimed at employee engagement and other variables that promote continuous improvement in the company.

4 0
3 years ago
Even Better Products has come out with a new and improved product. As a result, the firm projects an ROE of 20%, and it will mai
Yanka [14]

Answer:

The correct answer is 23.33 and 11.67.

Explanation:

According to the scenario, the given data are as follows:

ROE = 20%

Plowback ratio = 0.30

Earning per share = $2

Rate of return = 12%

So, we can calculate the price and P/E ratio by using following formula:

First we calculate the growth rate of the company.

So, Growth rate (g) = Plowback ratio × ROE

By putting the value we get,

Growth rate = 0.30 × 0.20 = 6%

Now we calculate the price,

So, Price = Earning × ( 1 - Plowback ratio) ÷ ( Return rate - Growth rate)

= $2 × ( 1 - 0.30) ÷ ( 0.12 - 0.06)

= 1.4 ÷ 0.06

= 23.33

And P/E ratio = Price ÷ earning per share

= 23.33 ÷ 2

= 11.67

4 0
3 years ago
Morton Company's contribution format income statement for last month is given below:
-BARSIC- [3]

Answer: 1000000000000000000

Explanation: use the calculate

6 0
3 years ago
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