Answer:
B. The selling price of the product and the consideration promised in the contract differ significantly.
Explanation:
"While determining the transaction price, an entity shall adjust the amount of consideration with respect to the time value of money, if the timing of payment to be made by customer under the contract provides some significant benefit of financing to the customer or the entity for the transfer of goods or services to the customer. The Significant financing benefit could be explicit or implicit in the contract.
The idea behind the significant financing component is that entity should consider the revenue based on the price that a customer would have paid at the time of transferring the goods or services to the customer by the entity i.e. Cash Selling Price (If the payment was made immediately)."
Reference: Prasenjit. “ASC 606: Step 3 – Determining the Transaction Price.” RevGurus, 25 Mar. 2019
An architect focuses more on the design of the building while an engineer focuses on more technical and structural things
Answer:
c. I, II, and III only
Explanation:
As we know that
Free cash flow = Earnings before Interest and Taxes × (1-Tax Rate) + Amortization and Depreciation expense - Change in Net Working Capital -Capital Expenditure
And, the Net income is determined after considering all cash and non cash expenses.
Therefore, I, II and III statements are considered
Hence, the option c is correct
Answer: A. substitutes in consumption.
Explanation:
The substitutes in consumption are products that can be replaced by others and satisfy the same desires or the same need. They respond to the buyer's need to consume a product whose price increases or can no longer purchase it.
<em>For example,</em> in this case, Tomas can no longer acquire pistachios (which are a snack) because increased in price, therefore the potato chips are replacing the pistachio as a snack because it is cheaper.
<em>I hope this information can help you.</em>
An entrepreneur is a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
