Answer:
Transaction price of the arrangement for Blair Biotech is $10,000,000.
2) Journal Entries for Blair.
Date Accounts Debit$ Credit$
12/20/2017 Accounts Receivable $10,000,000
License Revenue $10,000,000
01/15/2018 Cash $10,000,000
Accounts Receivable $10,000,000
Explanation:
This is my own definition- I'm not sure if there are options.
But a mission statement is when a business has a goal to where there business is going and what they want to acheive with said goal.
If you have options for the answer, I'd be happy to help in that way too!
Answer:
Net Increase in profit is $27,000
Explanation:
* The data was missing in this question, a similar question is attached with the answer, and answer is made accordingly. Please find it.
Sales ( $350,000 x 120% ) = $420,000
- Variable cost ( 40% ) = $168,000
- Traceable fixed cost( 175000+15000) = <u>$190,000</u>
Net Profit = $62,000
Net Increase in Net Income = $62,000 - ( 350,000 - (350,000 x 40%) - 175,000 ) = 27,000
Answer:
The market supply curve shows the minimum prices that all the sellers in the market will be willing to accept for the product.
Explanation:
The market supply curve of a product is the summation of individual supply curves. It represents the minimum acceptable prices of the product that all the firms in the market will be willing to accept.
The market supply curve is an upward line representing the law of supply. The law of supply states that other things being constant the supply of a product will be directly related to its price. this means that with an increase in the price level, the output level will increase as well.
