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
velikii [3]
3 years ago
14

On january 1, salow company enters into a contract to provide custom-made equipment to byhi corporation for $100,000. the contra

ct terms allow cancellation without penalty by either party at any time prior to delivery of the goods. the contract specifies a delivery date of march 15 but the equipment was not delivered until april 10. the contract required full payment within 30 days after delivery. when should revenue be recognized for this contract? may 10 april 10 never, because it includes a termination agreement. march 15
Business
2 answers:
nirvana33 [79]3 years ago
5 0

Answer: I believe the answer is March 15th.

maria [59]3 years ago
4 0

Answer: The correct answer is April 10.

Explanation: When a sale is made the revenue is going to be recognized when the product is delivered. In this case, Accounts Receivable will be debited and Sales will be credited on April 10. When the payment is received Cash will be debited and Accounts Receivable will be credited.

You might be interested in
What is the goal for mass​ customization?
frozen [14]
I believe the answer is c, <span>the goal is to produce customized products, whenever and wherever needed.
Customized products refers to the type of product that is personalized according to the costumer's taste. Example of mass customized products is online pizza ordering platform that allow costumers to choose their own combination of toppings.</span>
4 0
3 years ago
Society suffers a deadweight loss in a pure-monopoly market because
nekit [7.7K]
A pure-monoply means that a company does not have to compete with other producers within the market. Since they aren't competing with a good or service, they aren't competing with each others customers either. When a company does not have to compete on price/customers they may end up being greedy and have market failure. 
8 0
4 years ago
Assume the company is considering a reduction in the selling price by $10 per unit and an increase in advertising budget by $5,0
koban [17]

Answer:

Explanation:

New selling price = $110 - $10

                             = $100

New sales level = 1,000 units x 150%

                          = 1,500 units  

Net operating income = 1,500 units × Selling price of $100 per unit - 1,500 units × variable expense of $60 per unit - $30,000 + $5,000

                                    = $25,000

Therefore, the net operating income after the changes is $25,000.

7 0
3 years ago
Nathen’s home office
Rom4ik [11]

Answer:

Today, the Chinese own Armour and the famous Smithfield hams, together with the most quintessential American brand of all: Nathan's Famous hot dogs, with its iconic annual eating contest. ... It remains the largest total acquisition of a U.S. company by the Chinese.

Explanation:

4 0
2 years ago
Kendall Gardner agreed to buy a specially built shaving mill from B&amp;C Shavings. He planned to use the mill to produce wood s
zaharov [31]

Answer: This is not an enforceable contract, because they is no agreement of what will happen if any of the party failed to fullfil it's obligation in the contract agreement.

Explanation: An enforceable contract is a legal agreement between two or more parties, which is backed by the law.

The agreement between Kendall Gardner and B&C shavings is not an enforceable contract because it would be defrauding for Kendall Gerdner to loss $25,860 paid to B&C shavings, just because they can't complete it's payment. It will also be unfair to B&C shavings since their have spend it's money to build the shaving mill.

Their contract agreement lacks what should be done if any party failed to fullfil its own part in the agreement.

B&C shavings doesn't have the right to withhold Kendall Gardner down payment, as it's not agreed in their contract.

7 0
3 years ago
Other questions:
  • Of the approaches to pursuing international markets, developing a ________ involves the greatest commitment and risk. joint vent
    6·1 answer
  • Why are only final goods and services included in the calculation of GDP?
    15·1 answer
  • On January 1, you sold short one round lot (that is, 100 shares) of Four Sisters stock at $21 per share. On March 1, a dividend
    7·1 answer
  • Cheyenne is a manager at her company. She listens to an employee, Enu, voice his opinion about a policy that he disagrees with.
    6·1 answer
  • After getting a raise at work, Jennie now regularly buys steak instead of hamburger. Based on this behavior, we can assume: Mult
    15·1 answer
  • Buying or selling stock is _____.
    5·2 answers
  • accounts receivable of $200,000 and an allowance for uncollectible accounts of $8,500 just before writing off as worthless an ac
    8·1 answer
  • Where do you see Dow Jones in the coming two years ?
    12·1 answer
  • The first marketing law suggests that to be successful in the market, marketers need to?
    7·1 answer
  • giorgio had cost of goods sold of $9,469 million, ending inventory of $2,137 million, and average inventory of $2,013 million. i
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!