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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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Explanation:

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Describe the McDonald's activities in terms of Frederick Taylor's principles of scientific management, Max Weber's hierarchical
Margarita [4]

Explanation:

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3 years ago
"Why do transportation costs initially decrease as the number of warehouses in a system increases? Why do transportation costs e
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Answer:

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Freee points and brainliest!!
kaheart [24]

Answer:

hey thanks again , you are the points giver

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Answer:

The correct answer is (B) An interpersonal utility comparison

Explanation:

Solution

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