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ipn [44]
3 years ago
9

Sanjeev enters into a contract offering variable consideration. The contract pays him $1,000/month for six months of continuous

consulting services. In addition, there is a 60% chance the contract will pay an additional $2,000 and a 40% chance the contract will pay an additional $3,000, depending on the outcome of the consulting contract. Sanjeev concludes that this contract qualifies for revenue recognition over time. Assume Sanjeev estimates variable consideration as the expected value. What is the amount of revenue Sanjeev would recognize for the first month of the contract?
Business
1 answer:
worty [1.4K]3 years ago
7 0

Answer:

it will recognize a revenue for 1,400 dollars.

Explanation:

it will recognize the 1,000/month accrued revenue and the expected outcome based on probability:

 60%  addtional 2,000  = 1,200

 40%  additional 3,000  = <u>1,200 </u>

 totla                                  2,400

amount recognized for a single month: 2,400/ 6 = 400

total: 1,000 + 400 = 1,400

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32 percent and he holds the following assets for more than a year, which gains will be taxed at the lowest rate at the time of s
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If an individual taxpayer's marginal tax rate is 32 percent and he holds the following assets for more than a year, which gains will be taxed at the lowest rate at the time of sale-----Gains from personal-use property.

What is meant by a marginal tax rate?

The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. The average tax rate is the total tax paid divided by total income earned.

Tax rate

In a tax system, the tax rate is the ratio at which a business or person is taxed. There are several methods used to present a tax rate: statutory, average, marginal, and effective. These rates can also be presented using different definitions applied to a tax base: inclusive and exclusive

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8 0
2 years ago
Lever Brothers, a worldwide leader in consumer products, follows a brand strategy in its personal care division with nine brands
puteri [66]

Answer:

The correct answer is C. Stand-alone branding.

Explanation:

In the model of independent brands (house of brands) different brands coexist independently acting on the basis of the different lines of business. This model allows attacking different market segments with specialist brands in each of them, but in the face of the great freedom it provides, minimal synergies between brands are used. For example, LVMH, the world leader in luxury products, has in its portfolio brands such as MOËT & CHANDON, DIOR, AG HEUER or SEPHORA, among others, which operate without any link to the corporate brand.

5 0
3 years ago
Lindsay took out a(n) to purchase her new home. she used in the form of the property to back the loan. lindsay also paid money i
Andre45 [30]

The bank will most likely be filled with the following:

  • Mortgage loan
  • Collateral
  • Down payment
  • Seize her home.

<h3>What is a loan?</h3>

A loan is a sum of money, borrowed from a financial institution usually a bank or credit union to meet certain obligations.

The following statement should be considered:

  1. Lindsay took out a Mortgage Loan to purchase her new home.
  2. She used collateral in the form of the property to back the loan.
  3. Lindsay also paid money in advance. This is known as a Down payment.
  4. If Lindsay does not make her loan payments on time, the bank will most likely seize her home.

Learn more about loan here : brainly.com/question/12481147

Hence, the bank will most likely be filled with Mortgage loan, collateral, Down payment, seize her home.

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5 0
2 years ago
Juno Corporation's stockholders' equity section at December 31, 2019 appears below: Stockholder's equity Paid-in capital Common
wlad13 [49]

Answer:

Explanation:

Date         Particulars                                   Amount (Dr)      Amount (Cr)

6/30/17   Stock dividends

              (60,000 × 20% × 15)                       180000

              Common stock dividend

              distributable                                                             120000

             Paid-in Capital in Excess of Par

              common stock                                                            60000

7/15/17    No entry

7/31/17    Common stock dividend distributable    120000

              Common stock                                                            120000

12/1/17     No entry

12/15/17  No entry

Particulars    

1. Common stock   = (72000 × 2 × 5)                                    $720,000                

2. Number of shares outstanding (60000+12000)×2            144000

3. Par value per share (10/2)                                                  $5

4. Paid-in capital in excess of par  (150000+60000)           $210000

5. Retained earnings   (150000+190000-180000)               $160000

6. Total stockholders' equity                                                   $1090000

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3 years ago
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gtnhenbr [62]
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