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elixir [45]
4 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? Multiple Choice $1,000 $1,333 $1,400 $1,200
Business
1 answer:
Anna [14]4 years ago
4 0

Answer:

$1,400

Explanation:

The computation of the amount of revenue recognized for the first month is shown below:

= Contract paid amount × number of months + additional amount paid × given percentage + additional amount paid × given percentage

= $1,000 × 6 months + $2,000 × 60% + $3,000 × 40%

= $6,000 + $1,200 + $1,200

= $8,400

Now for one month it is

= $8,400 ÷ 6 months

= $1,400

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If a specific subsidy​ (negative tax) of s is given to only one competitive​ firm, how should that firm change its output level
elena-s [515]

Answer:

The correct answer is option D.

Explanation:

The market price is P.

The marginal cost is given at MC.

The subsidy is equal to s.  

When the subsidy is provided to only a single firm, that firms marginal cost will decline. The firm can take advantage of decreased marginal cost by increasing the output level. The firm will produce the output where the price and marginal revenue is equal to marginal cost plus subsidy. At this point, the firm will be having maximum profit.

So, the firm will increase production until

P=MC+S

6 0
4 years ago
"A customer wishes to open an account at a FINRA member firm, but wishes his identity to remain hidden to the employees at the b
Maslowich

Complete Question:

A customer wishes to open an account at a FINRA member firm, but wishes his identity to remain hidden to the employees at the branch office. Which statement is TRUE?

Group of answer choices

A. The customer's request cannot be accommodated

B. The customer must apply to FINRA to open such an account

C. The customer must sign a statement attesting to account ownership for such a request to be honored

D. The customer must submit a photo identification to open such an account

Answer:

C. The customer must sign a statement attesting to account ownership for such a request to be honored.

Explanation:

When a customer wishes to open an account at a Financial Industry Regulatory Authority (FINRA) member firm, but wishes his identity to remain hidden to the employees at the branch office. The customer must sign a statement attesting to account ownership for such a request to be honored. This simply means that, according to the policy of the Financial Industry Regulatory Authority, it is required that the customer signs a statement which expressly states or attests to the fact that he is the sole owner of the account.

4 0
4 years ago
In our first Class Discussion, explain why Dr. King believed his disobedience of the so-called "Jim Crow" law in Alabama was "co
pav-90 [236]
Dr. Martin Luther King Jr. trusted his noncompliance oF the Jim Crow laws in Alabama were conscionable on the grounds that he mentions that they had as of now attempted with negotiation, and Felt they were victims of broken guarantees. Dr. Lord communicated that peaceful direct action, was the main ethically substantial technique to convey injusTce to the surFace, where it could be seen and managed, and in this manner, they were Forced to ignore the law. Dr. Lord Jr. said "One has a lawful as well as an ethical duty to obey just laws.
6 0
3 years ago
A domestic company creates a strategic partnership with a foreign company in order to enter a foreign market. Both companies sha
Masja [62]

When two companies come together strategically to operate is called a joint venture.

<h3>What is a Joint Venture?</h3>

A Joint simply put is when two separate entities or business agree to share resources with the aim of archeiving similar or one objective.

Mostly, this is carried out when a  company intend to enter a foreign market.

Learn more about joint venture here:

brainly.com/question/9389546

6 0
2 years ago
Recall that last year the overall printing costs were $2.31 per calendar, totalling $19,183. Max is very disappointed to learn t
Elina [12.6K]

Answer:

$19,278

Explanation:

since the total costs were $19,183 and the cost per unit is $2.31, it means that last year 8,300 calendars were printed. The sales price was $5 per calendar. Last year there were 9,600 students and 7,200 calendars sold, which represents 75% (= 7,200 / 9,600) of total students.

If next year, the number of students is expected to rise to 10,080, so the number of calendars sold should be = 10,080 x 75% = 7,560 calendars.

If Max keeps the same selling price, then estimated profits should be:

(7,560 calendars x $5 per calendar) - (7,560 calendars x $2.45 per calendar) = $37,800 - $18,522 = $19,278

7 0
3 years ago
Read 2 more answers
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