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
Answer:TRUE
Explanation:COERCIVE FORCE is a force applied to a person or a group of persons in order to make them carry out an involuntary action or actions. It is used by employers of labor in order to mandate their employees to carry out certain activities. All Employees are required by their employers to obey the rules and regulations guiding the establishment even when it is not based on the interest of the employees.
Answer:
Mergers and acquisitions consist of either joining two or more firms, or having one firm acquire another firm.
The rationale behind a merger or acquisiton is always strategic: a merger or an acquisition is carried out with the goal of improving the economic position and performance of the firms involved.
Some business strategies that can be implemented by a merger or acquisition are:
- Horizontal integration: companies that sell similar products merge in order to join forces and expand their market reach.
- Vertical integration: companies in the same industry, but that sell different products (for example, one company sells cars and the other sells bikes) merge in order to expand their market share.
- Conglomerate formation: companies in different industries join in order to expand their markets even more.
Answer:
Hmm.
Explanation:
<em>Problems making ends meet</em>
<em>Accumulating too much debt. </em>
<em>Making poor purchasing and investing decisions. </em>
<em>Being unable to enjoy money.</em>
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<em>(Source; USATODAY.com)</em>
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Answer:
1. Supply will decrease
Explanation:
Due to the basic economic principle that when supply superceeds the demand for goods and services, the prices of such goods and services fall. As a result of this, and an expected increase in future prices, the supply of coffee beans by coffee merchants to the markets will decrease.
This is because the merchants want to receive higher profits and to do so, they will withhold supply to sell in the next six months when the price is higher.
